Stock Short Interest Filing: What’s Cinemark Holdings Incorporated (NYSE:CNK) Upside After This Short Interest Decrease?

November 30, 2016 - By Vivian Park   ·   0 Comments

Stock Short Interest Filing: What's Cinemark Holdings Incorporated (NYSE:CNK) Upside After This Short Interest Decrease?

The stock of Cinemark Holdings Incorporated (NYSE:CNK) registered a decrease of 7% in short interest. CNK’s total short interest was 4.28M shares in November as published by FINRA. Its down 7% from 4.60 million shares, reported previously. With 464,400 shares average volume, it will take short sellers 9 days to cover their CNK’s short positions. The short interest to Cinemark Holdings Incorporated’s float is 4.09%. The stock decreased 1.49% or $0.62 during the last trading session, hitting $41. Cinemark Holdings, Inc. (NYSE:CNK) has risen 13.73% since April 27, 2016 and is uptrending. It has outperformed by 8.50% the S&P500.

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, Curacao and Bolivia. The company has a market cap of $4.72 billion. The Firm manages its business in two divisions: United States markets and international markets. It has a 20.23 P/E ratio. The international segment consists of activities in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao.

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.34, from 1.24 in 2016Q1. The ratio dropped, as 27 funds sold all Cinemark Holdings, Inc. shares owned while 85 reduced positions. 37 funds bought stakes while 102 increased positions. They now own 97.80 million shares or 2.30% less from 100.10 million shares in 2016Q1.
Ny State Teachers Retirement Systems holds 0.01% or 88,400 shares in its portfolio. 1St Advsr Inc last reported 0.03% of its portfolio in the stock. Martin Currie Ltd, a United Kingdom-based fund reported 196,627 shares. The New York-based Ibm Retirement Fund has invested 0.01% in Cinemark Holdings, Inc. (NYSE:CNK). Royal Bank & Trust Of Canada last reported 185,364 shares in the company. First Midwest Bancshares Division holds 6,942 shares or 0.03% of its portfolio. Catawba Va holds 14,910 shares or 0.13% of its portfolio. Citadel Advsr Llc reported 738,168 shares or 0.03% of all its holdings. Retail Bank Of Mellon accumulated 0.02% or 2.18M shares. D E Shaw, a New York-based fund reported 156,029 shares. Denver Advsr Lc holds 0.04% of its portfolio in Cinemark Holdings, Inc. (NYSE:CNK) for 22,685 shares. The France-based Comgest Sas has invested 1.61% in Cinemark Holdings, Inc. (NYSE:CNK). Oakbrook Invests Ltd Llc owns 9,678 shares or 0.02% of their US portfolio. Moreover, Wells Fargo And Mn has 0.06% invested in Cinemark Holdings, Inc. (NYSE:CNK) for 4.09M shares. The Illinois-based Guggenheim Limited Com has invested 0% in Cinemark Holdings, Inc. (NYSE:CNK).

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

Out of 17 analysts covering Cinemark Holdings (NYSE:CNK), 11 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 65% are positive. Cinemark Holdings has been the topic of 35 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, May 11 by FBR Capital. Wedbush maintained the shares of CNK in a report on Wednesday, May 11 with “Neutral” rating. Benchmark initiated it with “Buy” rating and $49.13 target price in Thursday, July 23 report. M Partners maintained it with “Buy” rating and $37 target price in Thursday, January 28 report. The firm has “Hold” rating by BB&T Capital given on Friday, August 7. The firm has “Neutral” rating given on Wednesday, March 30 by B. Riley & Co. The rating was upgraded by B. Riley & Co on Thursday, August 4 to “Buy”. The company was initiated on Thursday, January 14 by Drexel Hamilton. As per Friday, October 9, the company rating was maintained by M Partners. The firm has “Overweight” rating by JP Morgan given on Monday, April 4.

CNK Company Profile

Cinemark Holdings, Inc. (Cinemark), incorporated on August 2, 2006, 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, Curacao and Bolivia. The Firm manages its business in two divisions: United States markets and international markets. The international segment consists of activities in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao. The Firm operates approximately 500 theatres and over 5,800 screens in the United States and Latin America. The Company’s United States circuit has approximately 340 theatres and over 4,510 screens in over 40 states and its international circuit has over 180 theatres and approximately 1,280 screens. It develops new platforms for its theatre circuit, such as XD, Movie Bistro, Cinemark Reserve, Luxury Lounger reclining seats, D-BOX seating, CineArts and other concepts. It plays mainstream films from various genres, such as animated films, family films, dramas, comedies, horror and action films. It offers content in both two-dimension (2-D) and three-dimension (3-D) formats in all of its theatres, and in select locations, it also offers a D-BOX format. The D-BOX format features moving seats and added sensory features in addition to the ultra-realistic images of 3-D technology.

More recent Cinemark Holdings, Inc. (NYSE:CNK) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Cinemark Holdings, Abercrombie & Fitch and Dominion …” on November 28, 2016. Also Businesswire.com published the news titled: “Cinemark Loyalty Program Members Receive a Double Helping of Points on …” on November 22, 2016. Businesswire.com‘s news article titled: “Cinemark Holdings, Inc. Reports Record Revenues of $707.2 Million and Adjusted …” with publication date: February 24, 2016 was also an interesting one.

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By Vivian Park


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