Cinemark (NYSE:CNK) Earns Outperform Rating from Barrington Research

Cinemark (NYSE:CNK)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a research report issued on Thursday,Benzinga reports. They currently have a $32.00 price objective on the stock. Barrington Research’s price target would suggest a potential upside of 20.67% from the stock’s current price.

A number of other research analysts also recently commented on CNK. Macquarie Infrastructure reduced their price target on Cinemark from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. UBS Group upgraded Cinemark to a “buy” rating in a research note on Tuesday, January 20th. Wells Fargo & Company decreased their price target on shares of Cinemark from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Zacks Research lowered shares of Cinemark from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen downgraded shares of Cinemark from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cinemark currently has an average rating of “Moderate Buy” and a consensus target price of $32.08.

Cinemark Price Performance

Shares of CNK stock opened at $26.52 on Thursday. Cinemark has a twelve month low of $21.60 and a twelve month high of $34.01. The company has a market capitalization of $3.06 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.70 and a beta of 1.13. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 4.74. The firm has a fifty day simple moving average of $23.97 and a 200-day simple moving average of $25.89.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The firm had revenue of $776.30 million during the quarter, compared to analyst estimates of $778.41 million. Cinemark had a return on equity of 34.11% and a net margin of 4.44%.The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities research analysts anticipate that Cinemark will post 1.93 earnings per share for the current fiscal year.

Insider Activity at Cinemark

In related news, EVP Melissa Thomas sold 22,082 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.81, for a total transaction of $547,854.42. Following the completion of the sale, the executive vice president owned 167,360 shares of the company’s stock, valued at $4,152,201.60. This represents a 11.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Cinemark

A number of hedge funds and other institutional investors have recently bought and sold shares of CNK. AlphaQuest LLC increased its stake in Cinemark by 169.6% during the 2nd quarter. AlphaQuest LLC now owns 33,673 shares of the company’s stock valued at $1,016,000 after buying an additional 21,184 shares during the period. Marshall Wace LLP boosted its holdings in shares of Cinemark by 758.9% in the second quarter. Marshall Wace LLP now owns 4,497,305 shares of the company’s stock valued at $135,729,000 after acquiring an additional 3,973,689 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Cinemark by 108.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 90,886 shares of the company’s stock valued at $2,547,000 after acquiring an additional 47,288 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Cinemark by 16.0% during the third quarter. Public Sector Pension Investment Board now owns 399,328 shares of the company’s stock valued at $11,189,000 after acquiring an additional 55,209 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Cinemark during the second quarter worth approximately $5,958,000.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.