Cinemark Holdings, Inc. (NYSE:CNK) Receives Average Rating of “Hold” from Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have received an average rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.11.

Several equities research analysts recently issued reports on CNK shares. Benchmark reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Cinemark in a research note on Wednesday, April 10th. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Cinemark in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wedbush boosted their target price on Cinemark from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, Roth Mkm lifted their target price on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th.

Insiders Place Their Bets

In related news, insider Wanda Marie Gierhart sold 19,593 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total value of $328,182.75. Following the completion of the transaction, the insider now owns 179,591 shares in the company, valued at approximately $3,008,149.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Cinemark

Several hedge funds have recently added to or reduced their stakes in CNK. NBC Securities Inc. lifted its position in Cinemark by 17.2% during the 4th quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock valued at $67,000 after purchasing an additional 700 shares during the period. Virtu Financial LLC bought a new position in Cinemark in the fourth quarter valued at approximately $192,000. DekaBank Deutsche Girozentrale acquired a new stake in Cinemark during the 3rd quarter worth $193,000. Mackenzie Financial Corp acquired a new stake in Cinemark during the 4th quarter worth $210,000. Finally, Watershed Asset Management L.L.C. lifted its stake in shares of Cinemark by 6.2% in the 4th quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock valued at $221,000 after purchasing an additional 915 shares during the period.

Cinemark Trading Down 2.0 %

Cinemark stock opened at $17.86 on Tuesday. Cinemark has a 12 month low of $13.19 and a 12 month high of $20.40. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 7.73. The stock has a market cap of $2.17 billion, a P/E ratio of 14.52, a P/E/G ratio of 2.15 and a beta of 2.27. The company’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $15.86.

Cinemark (NYSE:CNK) last issued its earnings results on Friday, February 16th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Cinemark had a net margin of 6.14% and a return on equity of 72.91%. The firm had revenue of $638.90 million during the quarter, compared to analysts’ expectations of $619.67 million. During the same quarter last year, the firm earned ($0.82) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Cinemark will post 0.85 EPS for the current fiscal year.

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.