Cinemark (NYSE:CNK) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Cinemark (NYSE:CNK) in a research note published on Monday morning, Benzinga reports. They currently have a $24.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group dropped their price target on shares of Cinemark from $16.00 to $12.00 and set a sell rating for the company in a research report on Thursday, January 11th. JPMorgan Chase & Co. increased their price objective on shares of Cinemark from $17.00 to $19.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Wells Fargo & Company raised shares of Cinemark from an underweight rating to an overweight rating and increased their price objective for the stock from $13.00 to $23.00 in a research report on Friday, April 5th. Benchmark reissued a buy rating and issued a $22.00 price objective on shares of Cinemark in a research report on Wednesday, April 10th. Finally, B. Riley lowered shares of Cinemark from a buy rating to a neutral rating and dropped their price objective for the stock from $23.00 to $15.00 in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $20.11.

Cinemark Stock Performance

NYSE:CNK opened at $17.86 on Monday. Cinemark has a 1-year low of $13.19 and a 1-year high of $20.40. The company has a debt-to-equity ratio of 7.73, a current ratio of 1.45 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $15.86. The firm has a market cap of $2.17 billion, a PE ratio of 14.52, a P/E/G ratio of 2.15 and a beta of 2.27.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Friday, February 16th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The company had revenue of $638.90 million for the quarter, compared to analyst estimates of $619.67 million. During the same period last year, the company posted ($0.82) EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that Cinemark will post 0.85 EPS for the current year.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $16.75, for a total transaction of $328,182.75. Following the transaction, the insider now directly owns 179,591 shares in the company, valued at approximately $3,008,149.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted its stake 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 acquiring an additional 700 shares during the last quarter. Watershed Asset Management L.L.C. lifted its position 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 worth $221,000 after buying an additional 915 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Cinemark by 1.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 58,368 shares of the company’s stock worth $1,071,000 after buying an additional 967 shares during the last quarter. First National Bank of Hutchinson lifted its position in shares of Cinemark by 1.4% in the 3rd quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock worth $1,282,000 after buying an additional 989 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of Cinemark by 5.9% in the 3rd quarter. Natixis Advisors L.P. now owns 22,210 shares of the company’s stock worth $408,000 after buying an additional 1,241 shares during the last quarter.

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.