Handelsinvest Investeringsforvaltning boosted its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 46.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,226 shares of the company’s stock after buying an additional 46,226 shares during the period. Cinemark makes up about 1.3% of Handelsinvest Investeringsforvaltning’s portfolio, making the stock its 25th largest position. Handelsinvest Investeringsforvaltning owned approximately 0.13% of Cinemark worth $5,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bessemer Group Inc. bought a new stake in shares of Cinemark in the 3rd quarter worth $168,000. Stratos Wealth Partners LTD. bought a new stake in shares of Cinemark in the 3rd quarter worth $171,000. Keybank National Association OH bought a new stake in shares of Cinemark in the 3rd quarter worth $202,000. BB&T Corp bought a new stake in shares of Cinemark in the 3rd quarter worth $225,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Cinemark in the 2nd quarter worth $266,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

NYSE:CNK traded down $0.43 on Tuesday, reaching $40.49. 2,857 shares of the company’s stock were exchanged, compared to its average volume of 1,037,558. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $4.78 billion, a PE ratio of 17.90, a P/E/G ratio of 1.18 and a beta of 0.77. Cinemark Holdings, Inc. has a 52 week low of $33.36 and a 52 week high of $44.00.

Cinemark (NYSE:CNK) last issued its earnings results on Friday, November 2nd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The firm had revenue of $754.20 million during the quarter, compared to analyst estimates of $730.27 million. Cinemark had a net margin of 9.12% and a return on equity of 19.92%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. Analysts anticipate that Cinemark Holdings, Inc. will post 2.07 earnings per share for the current fiscal year.

CNK has been the subject of several recent analyst reports. ValuEngine upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Wedbush reiterated a “buy” rating and issued a $43.00 target price on shares of Cinemark in a research note on Monday, October 15th. Morgan Stanley increased their price target on shares of Cinemark from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, October 18th. Finally, MKM Partners increased their price target on shares of Cinemark to $47.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Cinemark presently has a consensus rating of “Buy” and an average target price of $44.00.

In other Cinemark news, CFO Sean Gamble sold 7,468 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $40.90, for a total transaction of $305,441.20. Following the completion of the transaction, the chief financial officer now owns 92,673 shares in the company, valued at $3,790,325.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is owned by company insiders.

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Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of September 30, 2018, it operated 541 theatres with 6,014 screens in 41 states of the United States, Brazil, Argentina, and 13 other Latin American countries. The company was incorporated in 2006 and is headquartered in Plano, Texas.

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Institutional Ownership by Quarter for Cinemark (NYSE:CNK)

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