Cinemark Holdings (CNK) Shareholder Deutsche Bank Ag Has Cut Its Holding by $3.27 Million; Manufacturers Life Insurance Company The Increases Stake in Avery Dennison (AVY)

January 13, 2018 - By Peter Kolinski

Deutsche Bank Ag decreased its stake in Cinemark Holdings Inc (CNK) by 17.12% based on its latest 2017Q3 regulatory filing with the SEC. Deutsche Bank Ag sold 90,846 shares as the company’s stock declined 4.81% while stock markets rallied. The institutional investor held 439,860 shares of the movies and entertainment company at the end of 2017Q3, valued at $15.92 million, down from 530,706 at the end of the previous reported quarter. Deutsche Bank Ag who had been investing in Cinemark Holdings Inc for a number of months, seems to be less bullish one the $4.11B market cap company. The stock increased 1.41% or $0.49 during the last trading session, reaching $35.32. About 720,270 shares traded. Cinemark Holdings, Inc. (NYSE:CNK) has risen 15.13% since January 13, 2017 and is uptrending. It has underperformed by 1.57% the S&P500.

Manufacturers Life Insurance Company The increased its stake in Avery Dennison Corp (AVY) by 8.75% based on its latest 2017Q3 regulatory filing with the SEC. Manufacturers Life Insurance Company The bought 9,317 shares as the company’s stock rose 4.22% with the market. The institutional investor held 115,796 shares of the containers and packaging company at the end of 2017Q3, valued at $11.39M, up from 106,479 at the end of the previous reported quarter. Manufacturers Life Insurance Company The who had been investing in Avery Dennison Corp for a number of months, seems to be bullish on the $10.51 billion market cap company. The stock decreased 0.18% or $0.22 during the last trading session, reaching $119.35. About 498,611 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 10.91% since January 13, 2017 and is uptrending. It has underperformed by 5.79% the S&P500.

Deutsche Bank Ag, which manages about $145.94B US Long portfolio, upped its stake in Carolina Finl Corp New (NASDAQ:CARO) by 17,058 shares to 75,705 shares, valued at $2.71M in 2017Q3, according to the filing. It also increased its holding in W P Carey Inc (NYSE:WPC) by 14,553 shares in the quarter, for a total of 107,735 shares, and has risen its stake in Zix Corp (NASDAQ:ZIXI).

Among 21 analysts covering Cinemark Holdings (NYSE:CNK), 14 have Buy rating, 2 Sell and 5 Hold. Therefore 67% are positive. Cinemark Holdings had 63 analyst reports since July 23, 2015 according to SRatingsIntel. The company was downgraded on Thursday, March 17 by Moffet Nathanson. The rating was downgraded by Credit Suisse to “Underperform” on Thursday, June 22. The stock of Cinemark Holdings, Inc. (NYSE:CNK) earned “Buy” rating by M Partners on Thursday, January 28. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 10. The stock of Cinemark Holdings, Inc. (NYSE:CNK) earned “Neutral” rating by B. Riley & Co on Wednesday, March 30. The rating was maintained by Wunderlich with “Buy” on Tuesday, October 4. On Wednesday, July 5 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Cinemark Holdings, Inc. (NYSE:CNK) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 10. The firm has “Sector Perform” rating given on Monday, February 27 by RBC Capital Markets. The company was maintained on Friday, February 24 by FBR Capital.

Since December 12, 2017, it had 0 buys, and 1 insider sale for $10.92 million activity.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.15, from 1.07 in 2017Q2. It fall, 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. Texas Permanent School Fund holds 77,374 shares or 0.04% of its portfolio. Ls Advisors Limited, a Michigan-based fund reported 8,243 shares. Cubic Asset Limited Company, a Massachusetts-based fund reported 83,700 shares. Fdx Advsr Inc reported 15,366 shares or 0.02% of all its holdings. Bank & Trust Of America De reported 596,445 shares. Cwm Limited Liability Com invested in 205 shares. Blackrock owns 11.00M shares. 1832 Asset Management Ltd Partnership accumulated 970,274 shares. Principal Finance Grp Inc Inc holds 451,004 shares or 0.02% of its portfolio. Axa invested in 0.08% or 531,640 shares. Mawer Investment accumulated 2.89M shares or 0.89% of the stock. Reilly Fincl Advisors Lc accumulated 281 shares. Cantab Cap Prtn Limited Liability Partnership holds 0.02% or 3,512 shares in its portfolio. Georgia-based Advisory Svcs Ltd has invested 0% in Cinemark Holdings, Inc. (NYSE:CNK). Moreover, Amalgamated National Bank has 0.02% invested in Cinemark Holdings, Inc. (NYSE:CNK) for 20,266 shares.

Analysts await Cinemark Holdings, Inc. (NYSE:CNK) to report earnings on February, 22. They expect $0.52 earnings per share, down 18.75% or $0.12 from last year’s $0.64 per share. CNK’s profit will be $60.57M for 16.98 P/E if the $0.52 EPS becomes a reality. After $0.33 actual earnings per share reported by Cinemark Holdings, Inc. for the previous quarter, Wall Street now forecasts 57.58% EPS growth.

Manufacturers Life Insurance Company The, which manages about $83.84B US Long portfolio, decreased its stake in Lennar Corp (NYSE:LEN) by 807,173 shares to 6.71M shares, valued at $354.24 million in 2017Q3, according to the filing. It also reduced its holding in Nxp Semiconductors N V (NASDAQ:NXPI) by 20,899 shares in the quarter, leaving it with 189,007 shares, and cut its stake in Ishares Tr (HYG).

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.05, from 0.97 in 2017Q2. It turned negative, as 34 investors sold AVY shares while 167 reduced holdings. 50 funds opened positions while 134 raised stakes. 70.08 million shares or 2.56% less from 71.92 million shares in 2017Q2 were reported. 258,495 are held by Asset Management One. Amalgamated Financial Bank reported 18,072 shares. Barbara Oil has 15,500 shares. Daruma Capital Ltd reported 0.22% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Mason Street Limited stated it has 0.03% in Avery Dennison Corporation (NYSE:AVY). Vident Inv Advisory Limited accumulated 4,809 shares. Legal And General Gru Public Limited Com invested in 518,127 shares or 0.04% of the stock. Blackrock owns 6.55M shares. Chase Invest Counsel reported 0.61% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Sit Investment reported 0.02% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Systematic Fincl Mgmt LP reported 322,855 shares. Utd Cap Financial Advisers Limited Liability Corp has invested 0.01% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Sheets Smith Wealth Management stated it has 0.24% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Fuller And Thaler Asset invested in 1,100 shares. British Columbia Invest Mngmt has invested 0.04% in Avery Dennison Corporation (NYSE:AVY).

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