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

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.00.

A number of equities analysts have commented on CNK shares. Benchmark reiterated a “buy” rating and issued a $23.00 price objective on shares of Cinemark in a report on Monday, July 1st. Barrington Research lowered shares of Cinemark from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 28th. Roth Mkm boosted their price objective on shares of Cinemark from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Macquarie boosted their price objective on shares of Cinemark from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cinemark from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, August 5th.

Cinemark Stock Down 1.0 %

Shares of Cinemark stock opened at $28.33 on Friday. The company has a fifty day moving average price of $25.75 and a 200 day moving average price of $20.97. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 6.23. Cinemark has a twelve month low of $13.19 and a twelve month high of $29.07. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.12 and a beta of 2.36.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.25. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. The firm had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $691.74 million. During the same period in the prior year, the company earned $0.80 EPS. The firm’s revenue was down 22.1% on a year-over-year basis. Equities research analysts forecast that Cinemark will post 1.33 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the completion of the transaction, the insider now directly owns 204,729 shares in the company, valued at $5,566,581.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of Cinemark by 1.8% in the second quarter. Arizona State Retirement System now owns 30,636 shares of the company’s stock valued at $662,000 after acquiring an additional 556 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Cinemark by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company’s stock valued at $2,209,000 after purchasing an additional 612 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of 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 acquiring an additional 877 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Cinemark by 5.9% in the 2nd quarter. QRG Capital Management Inc. now owns 20,557 shares of the company’s stock valued at $444,000 after acquiring an additional 1,148 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Cinemark by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the company’s stock valued at $1,161,000 after acquiring an additional 1,200 shares in 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.