Today, Cinemark Holdings Inc. (CNK) To Go Ex-Dividend on November 30th

Today, Cinemark Holdings Inc. (CNK) To Go Ex-Dividend on November 30th

Cinemark Holdings Inc. (NYSE:CNK) declared a quarterly dividend on Thursday, November 17th. Investors of record on Friday, December 2nd will be given a dividend of 0.27 per share on Friday, December 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, November 30th.

Cinemark Holdings (NYSE:CNK) opened at 41.69 on Friday. The company has a 50 day moving average of $40.22 and a 200-day moving average of $37.69. The stock has a market capitalization of $4.82 billion, a P/E ratio of 20.54 and a beta of 1.01. Cinemark Holdings has a 52-week low of $26.56 and a 52-week high of $42.56.

Cinemark Holdings (NYSE:CNK) last released its earnings results on Tuesday, November 8th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. Cinemark Holdings had a net margin of 8.06% and a return on equity of 20.75%. The company earned $768.60 million during the quarter, compared to analysts’ expectations of $776.40 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Cinemark Holdings’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Cinemark Holdings will post $1.99 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in CNK. Advisor Group Inc. acquired a new stake in Cinemark Holdings during the second quarter valued at $121,000. Bessemer Group Inc. raised its stake in Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock valued at $122,000 after buying an additional 1,672 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cinemark Holdings by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,462 shares of the company’s stock valued at $133,000 after buying an additional 412 shares during the last quarter. Cantab Capital Partners LLP acquired a new stake in Cinemark Holdings during the second quarter valued at $161,000. Finally, Verition Fund Management LLC acquired a new stake in Cinemark Holdings during the third quarter valued at $203,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.

A number of brokerages have weighed in on CNK. RBC Capital Markets reaffirmed an “outperform” rating and set a $43.00 price target (up from $42.00) on shares of Cinemark Holdings in a research report on Monday, November 14th. Royal Bank Of Canada lifted their price target on shares of Cinemark Holdings from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, November 14th. B. Riley reaffirmed a “buy” rating and set a $47.00 price target on shares of Cinemark Holdings in a research report on Monday, November 14th. Benchmark Co. reaffirmed a “hold” rating and set a $35.94 price target on shares of Cinemark Holdings in a research report on Wednesday, November 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $40.00 price target on shares of Cinemark Holdings in a research report on Tuesday, November 8th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $41.62.

Cinemark Holdings Company Profile

Related posts

Leave a Comment