Cinemark Holdings, Inc. (NYSE:CNK) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Cinemark Holdings, Inc. (NYSE:CNKGet Rating) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $23.66.

A number of analysts recently commented on the company. Barrington Research dropped their price target on Cinemark from $26.00 to $22.00 in a research note on Monday, March 7th. Wedbush reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Cinemark in a research note on Tuesday, February 22nd. StockNews.com lowered Cinemark from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. B. Riley dropped their price target on Cinemark from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, April 13th. Finally, Zacks Investment Research lowered Cinemark from a “hold” rating to a “sell” rating in a research note on Monday, May 9th.

Shares of Cinemark stock opened at $15.72 on Tuesday. The company has a debt-to-equity ratio of 8.60, a quick ratio of 1.12 and a current ratio of 1.11. Cinemark has a 52-week low of $13.37 and a 52-week high of $25.20. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -6.52, a P/E/G ratio of 30.95 and a beta of 2.18. The company’s 50 day moving average price is $16.29 and its 200-day moving average price is $16.93.

Cinemark (NYSE:CNKGet Rating) last issued its earnings results on Friday, May 6th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.09). Cinemark had a negative return on equity of 85.71% and a negative net margin of 15.54%. The firm had revenue of $460.50 million during the quarter, compared to the consensus estimate of $454.52 million. During the same quarter in the prior year, the business posted ($1.75) EPS. The firm’s revenue for the quarter was up 302.5% on a year-over-year basis. As a group, equities research analysts forecast that Cinemark will post 0.05 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Cinemark by 122.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,726 shares of the company’s stock valued at $1,551,000 after buying an additional 44,487 shares during the period. Twinbeech Capital LP purchased a new position in shares of Cinemark in the 3rd quarter worth about $1,464,000. Dynamic Technology Lab Private Ltd raised its position in shares of Cinemark by 401.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 67,761 shares of the company’s stock worth $1,302,000 after purchasing an additional 54,249 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Cinemark in the 3rd quarter worth about $249,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Cinemark by 93.3% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,900,000 shares of the company’s stock worth $46,748,000 after purchasing an additional 1,400,000 shares during the last quarter. 93.02% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Cinemark (NYSE:CNK)

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