Advisors Capital Management LLC lessened its holdings in Cinemark Holdings, Inc. (NYSE:CNK) by 10.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,024 shares of the company’s stock after selling 4,924 shares during the quarter. Advisors Capital Management LLC’s holdings in Cinemark were worth $1,689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CNK. Bruderman Asset Management LLC lifted its position in shares of Cinemark by 76.6% in the 2nd quarter. Bruderman Asset Management LLC now owns 4,000 shares of the company’s stock worth $140,000 after purchasing an additional 1,735 shares during the period. Itau Unibanco Holding S.A. lifted its position in shares of Cinemark by 413.6% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 6,898 shares of the company’s stock worth $242,000 after purchasing an additional 5,555 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Cinemark in the 2nd quarter worth approximately $266,000. Point72 Hong Kong Ltd lifted its position in shares of Cinemark by 453.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 7,880 shares of the company’s stock worth $276,000 after purchasing an additional 6,457 shares during the period. Finally, We Are One Seven LLC purchased a new stake in shares of Cinemark in the 3rd quarter worth approximately $290,000. 99.60% of the stock is owned by hedge funds and other institutional investors.

NYSE:CNK opened at $39.90 on Friday. Cinemark Holdings, Inc. has a 52 week low of $32.60 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.43 and a quick ratio of 1.39. The company has a market cap of $4.70 billion, a P/E ratio of 17.58, a PEG ratio of 1.35 and a beta of 0.95.

Cinemark (NYSE:CNK) last posted its earnings results on Wednesday, August 8th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). Cinemark had a net margin of 8.86% and a return on equity of 19.49%. The firm had revenue of $889.05 million for the quarter, compared to analysts’ expectations of $897.68 million. During the same period in the previous year, the company earned $0.44 EPS. The company’s revenue was up 18.4% on a year-over-year basis. As a group, equities analysts anticipate that Cinemark Holdings, Inc. will post 1.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $1.28 dividend on an annualized basis and a yield of 3.21%. Cinemark’s payout ratio is 56.64%.

Several equities research analysts have recently weighed in on CNK shares. Zacks Investment Research raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday. Imperial Capital started coverage on shares of Cinemark in a research report on Wednesday, July 11th. They issued an “outperform” rating and a $46.00 price target for the company. Wedbush reaffirmed a “buy” rating and issued a $43.00 price target on shares of Cinemark in a research report on Tuesday, July 3rd. ValuEngine raised shares of Cinemark from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley decreased their target price on shares of Cinemark from $42.00 to $39.00 and set a “$34.56” rating for the company in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.75.

Cinemark Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of June 30, 2018, the company operated 539 theatres and 5,998 screens.

Read More: How to Use a Moving Average for TradingĀ 

Want to see what other hedge funds are holding CNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cinemark Holdings, Inc. (NYSE:CNK).

Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

Receive News & Ratings for Cinemark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark and related companies with MarketBeat.com's FREE daily email newsletter.