River Road Asset Management LLC Boosted Cinemark Holdings INC (CNK) Position by $11.41 Million; Valuation Declined

March 18, 2018 - By Richard Conner

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.15, from 1.07 in 2017Q2. It dived, as 42 investors sold CNK shares while 87 reduced holdings. 37 funds opened positions while 82 raised stakes. 109.53 million shares or 5.25% more from 104.06 million shares in 2017Q2 were reported. State Street Corporation owns 2.85 million shares. Tompkins Corp reported 205 shares. Baring Asset Mngmt Limited accumulated 39,652 shares. Ameritas Inv holds 49,804 shares or 0.08% of its portfolio. Cadence Ltd Company has invested 0.04% of its portfolio in Cinemark Holdings, Inc. (NYSE:CNK). Bancorp Of Nova Scotia Tru Company holds 0% in Cinemark Holdings, Inc. (NYSE:CNK) or 1,278 shares. 1.41M are held by Sarasin Prns Ltd Liability Partnership. Credit Suisse Ag reported 568,274 shares. Loring Wolcott & Coolidge Fiduciary Limited Liability Partnership Ma reported 23 shares. Envestnet Asset Management Inc reported 44,165 shares or 0% of all its holdings. 14,364 are owned by Foster & Motley Inc. Catawba Cap Va stated it has 0.11% of its portfolio in Cinemark Holdings, Inc. (NYSE:CNK). Weaver C Barksdale And Associate holds 446 shares or 0.02% of its portfolio. Laurion Lp has 0% invested in Cinemark Holdings, Inc. (NYSE:CNK) for 5,649 shares. Cubic Asset Mngmt Lc holds 83,700 shares or 0.85% of its portfolio.

Since December 12, 2017, it had 0 insider buys, and 2 insider sales for $11.18 million activity. $10.92M worth of Cinemark Holdings, Inc. (NYSE:CNK) shares were sold by MITCHELL LEE ROY.

River Road Asset Management Llc increased its stake in Cinemark Holdings Inc. (CNK) by 16.23% based on its latest 2017Q3 regulatory filing with the SEC. River Road Asset Management Llc bought 317,029 shares as the company’s stock declined 4.81% while stock markets rallied. The institutional investor held 2.27 million shares of the movies and entertainment company at the end of 2017Q3, valued at $82.19 million, up from 1.95 million at the end of the previous reported quarter. River Road Asset Management Llc who had been investing in Cinemark Holdings Inc. for a number of months, seems to be bullish on the $4.56 billion market cap company. The stock decreased 1.04% or $0.41 during the last trading session, reaching $39.11. About 2.01 million shares traded or 38.22% up from the average. Cinemark Holdings, Inc. (NYSE:CNK) has risen 15.13% since March 18, 2017 and is uptrending. It has underperformed by 1.57% the S&P500.

River Road Asset Management Llc, which manages about $10.26 billion and $5.10B US Long portfolio, decreased its stake in Realogy Holdings Corp. (NYSE:RLGY) by 459,745 shares to 176,567 shares, valued at $5.82 million in 2017Q3, according to the filing. It also reduced its holding in Cna Financial Corporation (NYSE:CNA) by 70,501 shares in the quarter, leaving it with 620,110 shares, and cut its stake in Monarch Casino & Resort Inc. (NASDAQ:MCRI).

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

Among 22 analysts covering Cinemark Holdings (NYSE:CNK), 15 have Buy rating, 2 Sell and 5 Hold. Therefore 68% are positive. Cinemark Holdings had 70 analyst reports since July 23, 2015 according to SRatingsIntel. On Monday, October 31 the stock rating was upgraded by Goldman Sachs to “Buy”. B. Riley & Co maintained it with “Buy” rating and $47.0 target in Wednesday, October 18 report. The company was maintained on Tuesday, February 20 by Wedbush. The stock has “Buy” rating by Drexel Hamilton on Thursday, January 14. The rating was maintained by FBR Capital with “Outperform” on Friday, August 21. The firm has “Buy” rating by Wunderlich given on Thursday, January 14. The rating was downgraded by FBR Capital on Monday, April 3 to “Mkt Perform”. The firm has “Neutral” rating by B. Riley & Co given on Wednesday, March 30. The firm earned “Buy” rating on Thursday, January 28 by M Partners. Topeka Capital Markets maintained Cinemark Holdings, Inc. (NYSE:CNK) rating on Thursday, February 18. Topeka Capital Markets has “Buy” rating and $44 target.

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