Arizona State Retirement System Acquires 814 Shares of Cinemark Holdings, Inc. (CNK)

Arizona State Retirement System lifted its holdings in shares of Cinemark Holdings, Inc. (NYSE:CNK) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 76,302 shares of the company’s stock after purchasing an additional 814 shares during the period. Arizona State Retirement System’s holdings in Cinemark were worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CNK. Canada Pension Plan Investment Board bought a new position in shares of Cinemark during the third quarter worth approximately $22,637,000. Ceredex Value Advisors LLC increased its holdings in shares of Cinemark by 31.7% during the third quarter. Ceredex Value Advisors LLC now owns 1,768,985 shares of the company’s stock worth $71,113,000 after purchasing an additional 425,985 shares during the period. Renaissance Technologies LLC bought a new position in shares of Cinemark during the third quarter worth approximately $14,134,000. Dimensional Fund Advisors LP increased its holdings in shares of Cinemark by 17.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,786,841 shares of the company’s stock worth $71,830,000 after purchasing an additional 267,272 shares during the period. Finally, WBI Investments Inc. bought a new position in shares of Cinemark during the third quarter worth approximately $9,498,000. 99.94% of the stock is currently owned by institutional investors.

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CNK has been the topic of several recent research reports. Wedbush reaffirmed a “buy” rating and set a $43.00 target price on shares of Cinemark in a report on Monday, October 15th. Morgan Stanley raised their target price on shares of Cinemark from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, October 18th. MKM Partners lifted their price objective on shares of Cinemark to $47.00 and gave the company a “buy” rating in a research note on Wednesday, October 24th. Imperial Capital lifted their price objective on shares of Cinemark from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of Cinemark from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, November 5th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.00.

Shares of NYSE:CNK opened at $38.59 on Friday. The company has a market capitalization of $4.51 billion, a P/E ratio of 17.08, a PEG ratio of 1.11 and a beta of 0.79. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 1.36. Cinemark Holdings, Inc. has a 1 year low of $33.36 and a 1 year high of $44.00.

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About Cinemark

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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