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

Cinemark Holdings, Inc. (NYSE:CNK) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $32.80.

Several equities research analysts have recently issued reports on CNK shares. B. Riley downgraded Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research report on Tuesday, August 27th. Barrington Research upgraded Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Morgan Stanley raised their price objective on shares of Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th.

Insider Buying and Selling at Cinemark

In other news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the sale, the insider now owns 179,729 shares in the company, valued at approximately $5,873,543.72. The trade was a 12.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Cinemark

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Cinemark by 714.8% in the third quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 1,308 shares during the last quarter. GAMMA Investing LLC increased its holdings in Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock valued at $56,000 after purchasing an additional 1,040 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock valued at $68,000 after purchasing an additional 877 shares during the last quarter. USA Financial Formulas acquired a new position in Cinemark in the third quarter worth $77,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Cinemark during the second quarter worth $79,000.

Cinemark Stock Down 1.4 %

CNK opened at $35.50 on Wednesday. The firm has a market cap of $4.34 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.81 and a beta of 2.38. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.96 and a current ratio of 0.98. The business has a 50 day moving average price of $30.21 and a 200 day moving average price of $25.54. Cinemark has a twelve month low of $13.19 and a twelve month high of $36.28.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.61. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The business had revenue of $921.80 million during the quarter, compared to the consensus estimate of $894.90 million. During the same period in the prior year, the firm earned $0.61 EPS. Cinemark’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts forecast that Cinemark will post 2 EPS for the current year.

About Cinemark

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.