K.j. Harrison Partners Inc adds Cinemark Holdings (CNK) to its portfolio

Cinemark Holdings (CNK) : K.j. Harrison Partners Inc added new position in Cinemark Holdings during the most recent quarter end. The investment management firm now holds 50,000 shares of Cinemark Holdings which is valued at $1,885,000 , the company said in a statement filed on Jul 26, 2016 with the SEC.Cinemark Holdings makes up approximately 0.99% of K.j. Harrison Partners Inc’s portfolio.

Other Hedge Funds, Including , Aviance Capital Management boosted its stake in CNK in the latest quarter, The investment management firm added 1,207 additional shares and now holds a total of 9,685 shares of Cinemark Holdings which is valued at $365,125. Cinemark Holdings makes up approx 0.01% of Aviance Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in CNK in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 9,862 shares of Cinemark Holdings which is valued at $366,669. Cinemark Holdings makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Curian Capital reduced its stake in CNK by selling 10,961 shares or 49.02% in the most recent quarter. The Hedge Fund company now holds 11,400 shares of CNK which is valued at $404,358. Cinemark Holdings makes up approx 0.03% of Curian Capital’s portfolio.

Cinemark Holdings closed down -0.03 points or -0.08% at $37.6 with 5,02,734 shares getting traded on Friday. Post opening the session at $37.54, the shares hit an intraday low of $37.26 and an intraday high of $37.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Cinemark Holdings reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.47. The company had revenue of $704.50 million for the quarter, compared to analysts expectations of $699.76 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Cinemark Holdings. 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 .Company shares were Reiterated by FBR Capital on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 41 from a previous price target of $40 .Company shares were Reiterated by Wedbush on May 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .

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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