Cinemark (NYSE:CNK) Downgraded by StockNews.com

Cinemark (NYSE:CNKGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

CNK has been the topic of several other reports. Wells Fargo & Company reduced their price objective on Cinemark from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, February 28th. Wedbush restated an “outperform” rating and set a $32.00 target price on shares of Cinemark in a research report on Tuesday, February 22nd. Zacks Investment Research raised shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Wednesday, February 23rd. B. Riley cut their price target on shares of Cinemark from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, April 13th. Finally, Barrington Research decreased their price objective on Cinemark from $26.00 to $22.00 in a report on Monday, March 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.45.

Shares of NYSE CNK opened at $16.12 on Wednesday. The firm’s 50-day moving average price is $16.64 and its 200-day moving average price is $17.26. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 7.71. The company has a market cap of $1.93 billion, a PE ratio of -4.55, a PEG ratio of 12.20 and a beta of 2.18. Cinemark has a 52-week low of $13.37 and a 52-week high of $25.20.

Cinemark (NYSE:CNKGet Rating) last released its earnings results on Friday, February 25th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.19. Cinemark had a negative net margin of 27.99% and a negative return on equity of 107.64%. The company had revenue of $666.70 million for the quarter, compared to analysts’ expectations of $598.07 million. During the same quarter last year, the business earned ($2.03) EPS. The firm’s revenue was up 578.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Cinemark will post 0.13 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CNK. Captrust Financial Advisors grew its position in Cinemark by 7.6% in the 3rd quarter. Captrust Financial Advisors now owns 8,150 shares of the company’s stock valued at $157,000 after acquiring an additional 576 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Cinemark by 1.5% in the first quarter. Maryland State Retirement & Pension System now owns 43,065 shares of the company’s stock valued at $744,000 after purchasing an additional 620 shares during the period. Kestra Advisory Services LLC grew its holdings in shares of Cinemark by 2.9% in the first quarter. Kestra Advisory Services LLC now owns 22,718 shares of the company’s stock valued at $393,000 after purchasing an additional 630 shares in the last quarter. Creative Planning increased its stake in Cinemark by 6.8% during the 3rd quarter. Creative Planning now owns 10,335 shares of the company’s stock worth $199,000 after buying an additional 655 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in Cinemark by 5.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 15,341 shares of the company’s stock worth $265,000 after buying an additional 795 shares in the last quarter. 93.02% of the stock is currently owned by institutional investors.

Cinemark Company Profile (Get Rating)

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of March 3, 2022, it operated 522 theatres with 5,868 screens in the United States, and South and Central America. The company was founded in 1984 and is headquartered in Plano, Texas.

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