CINEMARK HOLDINGS Inc (CNK)

Activity

Cinemark Holdings, Inc. was founded in 1984 in the USA, headquartered in Texas. In addition to the local market, it is actively working in other countries, in particular in Taiwan and Brazil. In the latter, it is considered the largest cinema chain in the country, occupying 30% of the market.

The holding operates under several trademarks:

• CineMark - main brand,
• Century Theatres,
• Tinseltown,
• CinéArts,
• Rave Cinemas.

Statistics

Despite the strong growth of the holding, the company's financial performance was greatly affected by the COVID-19 pandemic, which affected the entire film industry as a whole. Because of her, Cinemark was forced to temporarily close all cinemas in the US and Latin America. For comparison, the annual income in 2019 was $3.28 bn - in 2020 - only $0.69 bn, in 2021 - $1.51 bn.

Other key indicators for 2021:

• Operating profit - -5 mn.
• Net profit - -422.8 mn.
• Assets - 5.2 bn.
• Capitalization (as of October 2022) - 1.13 bn.

Due to the industry crisis, Cinemark Holdings, Inc. also stopped paying dividends in March 2020.

Shares and investments

Initial Public Offering of Cinemark Holdings, Inc. was made on April 24, 2007. The shares were listed on the New York Stock Exchange under the ticker CNK.

Now large American institutional investors play a key role in investing and developing the holding - there are more than 515 of them. In total, they own more than 124 million issued shares. Among the largest institutions:

• BlackRock Fund Advisors (13.53% of shares),
• The Vanguard Group, Inc. (10.10%),
• Wellington Management Co. LLP (9.24%),
• iShares Core S&P Small Cap ETF (6.51%),

CNK shares are also available for purchase by private investors and traders.

How can I buy Cinemark Holdings shares for an individual?

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