Yesterday, Cinemark Holdings, Inc. (NYSE:CNK) saw two of its insiders complete stock dispositions. The firm’s Chief Executive Officer, Timothy Warner, sold the larger bulk of 40,424 share of Common Stock, directly and for a weighted average price of $34.83 per share. Following the insider’s first stock sale of the fiscal year, he now holds a total of 232,355 company shares to his name.
The second insider to unload stock yesterday is Valmir Fernandes, President of Cinemark International. Fernandes sold 24,141 shares of Common Stock, directly, for a price of $35.01 per share and following the insider’s first disposition of the year, he now owns 158,663 shares of the $4.04 billion market cap motion picture exhibitor.
However, in spite of this week’s stock sales, last quarter showed some stability amongst hedge fund shareholders. In fact, John Osterweis’ Osterweis Capital Management increased its stakes in Cinemark by 5% during Q1, boosting the hedge fund’s share up to 3.39 million, with an estimated value of $98.3 million and accounting for 3.01% of the holdings portfolio.