Shares of the company are trading at $37.98 marginally under $40.16, the 50 day moving average and just below the 200 day moving average of $41.49. The 50 day moving average was down by -5.92% whereas the 200 day moving average was down $-3.71 or -8.94%. Cinemark Holdings Inc Cinemark shares had a trading volume of 784K on Wednesday. Shares saw a steep decrease in trading volume of 1.16% under the normal average daily volume.
Cinemark Holdings Inc Cinemark (NYSE:CNK) has been the object of insider selling activity recently. Valmir Fernandes, Pr – Cinemark International sold $261,180 worth of shares at an average price of $43.53 on Fri the 12th. The Pr – Cinemark International now owns $3,722,033 of the stock as recorded in a recent Form 4 SEC filing. Michael Cavalier, EVP-General Counsel let go of $907,002 worth of shares at an average price of $44.01 on Thu the 16th. That brings the EVP-General Counsel’s holdings to $6,714,254 per an SEC filing yesterday.
Michael Cavalier, EVP-General Counsel reported the sale of 13,055 shares of CNK stock. The shares were sold on March 15th for an average price of $44.03. Cavalier now owns $7,624,719 of the stock per the Form 4 SEC filing.
These funds have also shifted positions in (CNK). Bank Of Montreal /can/ divested its ownership by shedding 292 shares a decrease of 0.7% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ controls 44,565 shares worth $1,731,000. The value of the position overall is down by 13.0%. Atria Investments LLC grew its position by buying 96 shares an increase of 1.6% in the quarter. Atria Investments LLC currently owns 6,045 shares with a value of $235,000. The total value of its holdings decreased 11.0%.
Capstone Asset Management Co reduced its stake by selling 260 shares a decrease of 2.5% as of 06/30/2017. Capstone Asset Management Co claims 10,232 shares valued at $398,000. The total value of its holdings decreased 14.4%. Handelsbanken Fonder Ab cut its holdings by selling 34,000 shares a decrease of 10.8%. Handelsbanken Fonder Ab now controls 280,000 shares with a value of $10,878,000. The value of the position overall is down by 21.9%.
On June 22 the company was rated “Underperform” by Credit Suisse a cut from the previous “Neutral” rating. On October 31, 2016 the stock rating was set at “Buy” according to a Goldman Sachs report which was a boost from the previous “” rating.
On August 24, 2016 Loop Capital starting coverage on CNK with a rating of “Buy”. On April 4 JP Morgan left the company rating at “Overweight” and raised the price expectation from $37.00 to $40.00.
On March 30 the company was downgraded from “Buy” to “Neutral” in a report from B. Riley. On March 17 the company was changed to a “Neutral” in a report from Moffet Nathanson down from the previous “Buy” rating.
The company is up by 0.32% since yesterday’s close of $37.86. The company also announced a dividend for shareholders that was paid on Thursday June 22nd, 2017. The dividend was $0.290 per share for the quarter which comes to $1.16 on an annualized basis. This dividend amount represented a yeild of $3.09. The ex-dividend date was Tuesday the 6th of June 2017.
Cinemark Holdings Inc Cinemark currently has a P/E ratio of 15.94 and the market value is 4.37B. As of the latest earnings report the EPS was $2.37 and is projected to be $2.35 for the current year with 115,776,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.53 with next year’s EPS anticipated to be $2.44.
Cinemark Holdings, Inc. (Cinemark), launched on August 2, 2006, is involved in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. The international segment consists of operations in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao and Paraguay. As of December 31, 2016, the Company operated 526 theatres and 5,903 screens in the United States and Latin America. As of December 31, 2016, its the United States circuit had 339 theatres and 4,559 screens in 41 states and its international circuit had 187 theatres and 1,344 screens in 15 countries. It develops new platforms for its theatre circuit, such as XD, Cinemark Reserve, Luxury Lounger reclining seats, CineArts and other concepts. It plays mainstream films from various genres, such as animated films, family films, dramas, comedies, horror and action films. It offers content in both two-dimension (2D) and three-dimension (3D) formats in all of its theatres..