Bernzott Capital Advisors Lowers stake in Cinemark Holdings (CNK)

Cinemark Holdings (CNK) : Bernzott Capital Advisors reduced its stake in Cinemark Holdings by 9.78% during the most recent quarter end. The investment management company now holds a total of 515,191 shares of Cinemark Holdings which is valued at $19,587,562 after selling 55,875 shares in Cinemark Holdings , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Cinemark Holdings makes up approximately 3.67% of Bernzott Capital Advisors’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in CNK in the latest quarter, The investment management firm added 60,029 additional shares and now holds a total of 981,192 shares of Cinemark Holdings which is valued at $37,304,920. Cinemark Holdings makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Ardevora Asset Management Llp boosted its stake in CNK in the latest quarter, The investment management firm added 116,800 additional shares and now holds a total of 810,600 shares of Cinemark Holdings which is valued at $30,948,708. Cinemark Holdings makes up approx 1.23% of Ardevora Asset Management Llp’s portfolio. Gsa Capital Partners Llp sold out all of its stake in CNK during the most recent quarter. The investment firm sold 7,333 shares of CNK which is valued $273,228. American Century Companies Inc added CNK to its portfolio by purchasing 298,356 company shares during the most recent quarter which is valued at $11,248,021. Cinemark Holdings makes up approx 0.01% of American Century Companies Inc’s portfolio.Sanders Morris Harris reduced its stake in CNK by selling 2,950 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 100,850 shares of CNK which is valued at $3,802,045. Cinemark Holdings makes up approx 0.96% of Sanders Morris Harris’s portfolio.

Cinemark Holdings closed down -0.02 points or -0.05% at $37.98 with 5,58,606 shares getting traded on Wednesday. Post opening the session at $37.89, the shares hit an intraday low of $37.69 and an intraday high of $38.07 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Cinemark Holdings reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.50. The company had revenue of $744.40 million for the quarter, compared to analysts expectations of $741.65 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on Cinemark Holdings. Company shares were Reiterated by Wunderlich on Aug 12, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .Cinemark Holdings was Downgraded by Drexel Hamilton to ” Hold” on Aug 10, 2016. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .

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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