Cinemark Holdings, Inc. (NYSE:CNK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $28.10.

CNK has been the topic of a number of recent research reports. Barrington Research downgraded shares of Cinemark from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price target on shares of Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Wells Fargo & Company lifted their target price on Cinemark from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Wedbush increased their price target on Cinemark from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. Finally, Morgan Stanley boosted their price target on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th.

Cinemark Trading Down 0.6 %

Shares of NYSE:CNK opened at $28.77 on Tuesday. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.94 and a beta of 2.36. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 6.23. Cinemark has a 12 month low of $13.19 and a 12 month high of $29.87. The company’s fifty day simple moving average is $27.81 and its 200 day simple moving average is $22.45.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.25. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The company had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $691.74 million. During the same period in the prior year, the firm earned $0.80 earnings per share. Cinemark’s revenue for the quarter was down 22.1% compared to the same quarter last year. As a group, research analysts forecast that Cinemark will post 1.41 EPS for the current fiscal year.

Insider Activity

In related news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00. Following the completion of the sale, the insider now directly owns 204,729 shares of the company’s stock, valued at approximately $5,566,581.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Trading of Cinemark

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Friedenthal Financial acquired a new stake in shares of Cinemark in the third quarter valued at approximately $777,000. Creative Planning raised its holdings in Cinemark by 74.8% in the 3rd quarter. Creative Planning now owns 20,907 shares of the company’s stock valued at $582,000 after acquiring an additional 8,946 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Cinemark during the 3rd quarter valued at $489,000. USA Financial Formulas acquired a new stake in shares of Cinemark during the 3rd quarter worth $77,000. Finally, CWM LLC increased its position in shares of Cinemark by 134.4% in the third quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after purchasing an additional 1,716 shares during the period.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.