Cinemark Holdings Inc. (NYSE:CNK) announced 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 yield of 2.61%. The ex-dividend date of this dividend is Wednesday, November 30th.
Shares of Cinemark Holdings (NYSE:CNK) opened at 41.61 on Tuesday. The company has a 50-day moving average price of $40.38 and a 200-day moving average price of $37.81. Cinemark Holdings has a 1-year low of $26.56 and a 1-year high of $42.56. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 20.50 and a beta of 1.01.
Cinemark Holdings (NYSE:CNK) last issued its earnings results on Tuesday, November 8th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The business earned $768.60 million during the quarter, compared to the consensus estimate of $776.40 million. During the same period in the prior year, the business earned $0.40 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts expect that Cinemark Holdings will post $1.99 earnings per share for the current fiscal year.
Several equities research analysts have commented on CNK shares. Credit Suisse Group AG set a $37.00 price target on shares of Cinemark Holdings and gave the company a “hold” rating in a research note on Monday, August 1st. B. Riley upgraded shares of Cinemark Holdings from a “neutral” rating to a “buy” rating and raised their price target for the company from $41.75 to $47.00 in a research note on Thursday, August 4th. Drexel Hamilton lowered shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Wednesday, August 10th. Wunderlich raised their price target on shares of Cinemark Holdings from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Finally, Loop Capital started coverage on shares of Cinemark Holdings in a research note on Tuesday, August 23rd. They issued a “buy” rating and a $44.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Cinemark Holdings currently has an average rating of “Buy” and an average price target of $41.62.
A number of institutional investors have recently bought and sold shares of CNK. FMR LLC raised its position in Cinemark Holdings by 1.7% in the second quarter. FMR LLC now owns 4,287,922 shares of the company’s stock worth $156,338,000 after buying an additional 70,300 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of Cinemark Holdings during the second quarter worth about $303,000. Credit Suisse AG raised its stake in shares of Cinemark Holdings by 32.1% in the second quarter. Credit Suisse AG now owns 176,782 shares of the company’s stock worth $6,445,000 after buying an additional 42,925 shares during the period. Martingale Asset Management L P raised its stake in shares of Cinemark Holdings by 61.9% in the second quarter. Martingale Asset Management L P now owns 505,388 shares of the company’s stock worth $18,428,000 after buying an additional 193,295 shares during the period. Finally, AXA raised its stake in shares of Cinemark Holdings by 330.0% in the second quarter. AXA now owns 155,620 shares of the company’s stock worth $5,674,000 after buying an additional 119,430 shares during the period. 88.33% of the stock is owned by hedge funds and other institutional investors.
About Cinemark Holdings