Cinemark Holdings, Inc. (CNK) Files Form 4 Insider Selling : Valmir Fernandes Sells 28,679 Shares

Cinemark Holdings, Inc. (CNK): Valmir Fernandes , Pr – Cinemark International of Cinemark Holdings, Inc. sold 28,679 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $35.16 per share for a total value of $1,011,001.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 22, 2015, Valmir Fernandes (Pr – Cinemark International) sold 20,000 shares at $32.17 per share price.On Aug 31, 2015, Timothy Warner (Vice Chairman of the Board) sold 15,676 shares at $35.73 per share price.Also, On Aug 31, 2015, Robert Copple (President & COO) sold 28,250 shares at $36.28 per share price.On Mar 10, 2015, Michael Cavalier (EVP-General Counsel) sold 15,000 shares at $41.54 per share price.

Shares of Cinemark Holdings (CNK) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -0.74% at $35.1 with 4,59,789 shares getting traded. Post opening the session at $35.11, the shares hit an intraday low of $34.72 and an intraday high of $35.33 and the price vacillated in this range throughout the day. The company has a market cap of $4,078 M and the number of outstanding shares has been calculated to be 11,61,71,106 shares. The 52-week high of Cinemark Holdings is $42.52 and the 52-week low is $26.56.

Cinemark Holdings Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cinemark Holdings is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $40 .The Rating was issued on May 11, 2016.Cinemark Holdings is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $36 .The Rating was issued on May 11, 2016.Cinemark Holdings is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $37 .The Rating was issued on Apr 25, 2016.Cinemark Holdings is Reiterated by Topeka Capital Markets to Buy while Lowering the Price Target of the company shares to $ 43 from a previous price target of $44 . The Rating was issued on Feb 24, 2016.Cinemark Holdings is Reiterated by The Benchmark Company to Buy while Lowering the Price Target of the company shares to $ 42.24 from a previous price target of $49.32 . The Rating was issued on Feb 22, 2016.

Cinemark Holdings Inc. is engaged in the motion picture exhibition business with theatres in the United States Brazil Mexico Argentina Chile Colombia Peru Ecuador Honduras El Salvador Nicaragua Costa Rica Panama Guatemala and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31 2014 the Company operated 495 theatres and 5676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit including NextGen CineArts Cinemark Bistro Cinemark Reserve and other premium concepts such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31 2014 the Company’s United States circuit had 335 theatres and 4499 screens in 41 states and its international circuit had 160 theatres and 1177 screens.

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