Rivulet Capital LLC Has Cut Position in Cinemark Holdings INC (CNK) by $4.54 Million as Market Valuation Declined

July 16, 2018 - By Lisa Delgado

Cinemark Holdings, Inc. (NYSE:CNK) LogoInvestors sentiment increased to 1.15 in 2018 Q1. Its up 0.19, from 0.96 in 2017Q4. It improved, as 27 investors sold CNK shares while 83 reduced holdings. 43 funds opened positions while 84 raised stakes. 114.00 million shares or 5.56% more from 107.99 million shares in 2017Q4 were reported. 27,800 are owned by Louisiana State Employees Retirement Systems. Moreover, Vident Invest Advisory Ltd has 0.03% invested in Cinemark Holdings, Inc. (NYSE:CNK). Sg Americas Securities Ltd Liability reported 0.02% in Cinemark Holdings, Inc. (NYSE:CNK). United Fincl Advisers Limited Company, a California-based fund reported 20,302 shares. New Mexico Educational Retirement Board has invested 0.04% in Cinemark Holdings, Inc. (NYSE:CNK). Northwestern Mutual Wealth Management Co has 0% invested in Cinemark Holdings, Inc. (NYSE:CNK) for 53 shares. Northern reported 801,489 shares. Nuveen Asset Mgmt Limited Liability holds 0% or 9,905 shares in its portfolio. Sentry has 3.30 million shares. Oregon Pub Employees Retirement Fund has 0.02% invested in Cinemark Holdings, Inc. (NYSE:CNK). Aqr Cap Limited Liability Company reported 0% stake. Employees Retirement Systems Of Texas has 0.09% invested in Cinemark Holdings, Inc. (NYSE:CNK) for 172,000 shares. Hsbc Hldgs Public Limited Company holds 0% or 18,178 shares. Riverhead Cap Mgmt Limited Liability Corporation, Delaware-based fund reported 15,692 shares. Rocky Mountain Advisers Limited Com has 0.01% invested in Cinemark Holdings, Inc. (NYSE:CNK).

Since February 28, 2018, it had 0 insider buys, and 1 insider sale for $261,540 activity.

Barry Lebovits decreased its stake in Cinemark Holdings Inc (CNK) by 4.3% based on its latest 2018Q1 regulatory filing with the SEC. Rivulet Capital Llc sold 122,825 shares as the company’s stock declined 20.31% with the market. The hedge fund run by Barry Lebovits held 2.74M shares of the movies and entertainment company at the end of 2018Q1, valued at $103.08 million, down from 2.86 million at the end of the previous reported quarter. Rivulet Capital Llc who had been investing in Cinemark Holdings Inc for a number of months, seems to be less bullish one the $4.18B market cap company. The stock decreased 1.43% or $0.52 during the last trading session, reaching $35.81. About 436,896 shares traded. Cinemark Holdings, Inc. (NYSE:CNK) has declined 12.37% since July 16, 2017 and is downtrending. It has underperformed by 24.94% the S&P500.

Analysts await Cinemark Holdings, Inc. (NYSE:CNK) to report earnings on August, 3. They expect $0.75 EPS, up 70.45 % or $0.31 from last year’s $0.44 per share. CNK’s profit will be $87.59 million for 11.94 P/E if the $0.75 EPS becomes a reality. After $0.53 actual EPS reported by Cinemark Holdings, Inc. for the previous quarter, Wall Street now forecasts 41.51 % EPS growth.

More news for Cinemark Holdings, Inc. (NYSE:CNK) were recently published by: Benzinga.com, which released: “Imperial Buys A Ticket For AMC, Cinemark” on July 11, 2018. Seekingalpha.com‘s article titled: “AMC’s Attack On MoviePass” and published on June 25, 2018 is yet another important article.

Cinemark Holdings, Inc. (NYSE:CNK) Ratings Coverage

Among 8 analysts covering Cinemark Holdings Inc (NYSE:CNK), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Cinemark Holdings Inc had 13 analyst reports since January 24, 2018 according to SRatingsIntel. On Thursday, April 5 the stock rating was upgraded by Moffett Nathanson to “Hold”. As per Friday, February 23, the company rating was maintained by FBR Capital. The rating was maintained by RBC Capital Markets with “Buy” on Friday, February 23. The company was maintained on Thursday, April 26 by FBR Capital. As per Monday, April 9, the company rating was maintained by Wedbush. As per Wednesday, May 9, the company rating was maintained by Morgan Stanley. Piper Jaffray maintained Cinemark Holdings, Inc. (NYSE:CNK) on Friday, February 23 with “Buy” rating. As per Tuesday, February 20, the company rating was maintained by Wedbush. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, January 31 report. On Friday, May 4 the stock rating was maintained by Wedbush with “Buy”.

Cinemark Holdings, Inc. (NYSE:CNK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.