Arizona State Retirement System Acquires 1,158 Shares of Cinemark Holdings, Inc. (NYSE:CNK)

Arizona State Retirement System grew its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,617 shares of the company’s stock after buying an additional 1,158 shares during the quarter. Arizona State Retirement System’s holdings in Cinemark were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CNK. Hodges Capital Management Inc. grew its stake in Cinemark by 183.2% in the fourth quarter. Hodges Capital Management Inc. now owns 1,616,358 shares of the company’s stock worth $13,998,000 after purchasing an additional 1,045,565 shares in the last quarter. Prospect Capital Advisors LLC grew its stake in Cinemark by 45.2% in the third quarter. Prospect Capital Advisors LLC now owns 260,350 shares of the company’s stock worth $3,153,000 after purchasing an additional 81,050 shares in the last quarter. Inspire Investing LLC grew its stake in Cinemark by 17.4% in the third quarter. Inspire Investing LLC now owns 19,980 shares of the company’s stock worth $242,000 after purchasing an additional 2,958 shares in the last quarter. Quantamental Technologies LLC bought a new position in Cinemark in the third quarter worth approximately $580,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Cinemark by 42.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 680,094 shares of the company’s stock worth $8,236,000 after purchasing an additional 203,542 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Cinemark Stock Up 0.2 %

Cinemark stock opened at $17.00 on Wednesday. The company has a debt-to-equity ratio of 19.87, a current ratio of 1.12 and a quick ratio of 1.09. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -10.23, a PEG ratio of 1.97 and a beta of 2.28. Cinemark Holdings, Inc. has a 1-year low of $8.28 and a 1-year high of $19.76. The business has a fifty day moving average price of $15.50 and a 200-day moving average price of $13.04.

Cinemark (NYSE:CNK – Get Rating) last posted its quarterly earnings data on Friday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.25. The firm had revenue of $610.70 million during the quarter, compared to analysts’ expectations of $569.14 million. Cinemark had a negative return on equity of 64.73% and a negative net margin of 7.69%. The business’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.62) EPS. Equities research analysts forecast that Cinemark Holdings, Inc. will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CNK shares. Barrington Research increased their price objective on Cinemark from $19.00 to $20.00 in a research note on Tuesday, May 9th. JPMorgan Chase & Co. increased their target price on Cinemark from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, February 27th. Credit Suisse Group increased their target price on Cinemark from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 6th. Morgan Stanley increased their target price on Cinemark from $21.00 to $22.00 in a research report on Monday, May 8th. Finally, The Goldman Sachs Group increased their target price on Cinemark from $11.00 to $12.50 and gave the company a “sell” rating in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Cinemark presently has a consensus rating of “Hold” and a consensus price target of $17.83.

About Cinemark

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Cinemark Holdings, Inc is a holding company, which engages in the provision of motion picture exhibitions through its subsidiaries. It operates through the U.S. and International segments. The company was founded by Lee Roy Mitchell in 1984 and is headquartered in Plano, TX.