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

Shares of Cinemark Holdings Inc (NYSE:CNK) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $32.0769.

A number of research analysts have recently issued reports on CNK shares. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $22.00 price objective on shares of Cinemark in a research report on Thursday, February 19th. Zacks Research downgraded shares of Cinemark from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Benchmark reaffirmed a “buy” rating on shares of Cinemark in a research report on Thursday, February 19th. Moffett Nathanson raised Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 20th. Finally, Wall Street Zen raised Cinemark from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st.

Insider Buying and Selling

In other Cinemark news, EVP Melissa Thomas sold 7,944 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $26.05, for a total transaction of $206,941.20. Following the sale, the executive vice president owned 159,416 shares of the company’s stock, valued at approximately $4,152,786.80. The trade was a 4.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Orbis Allan Gray Ltd grew its holdings in shares of Cinemark by 31.0% during the fourth quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company’s stock valued at $349,946,000 after buying an additional 3,563,810 shares during the last quarter. Wellington Management Group LLP lifted its position in Cinemark by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 9,536,900 shares of the company’s stock worth $221,638,000 after acquiring an additional 742,307 shares during the period. Lavaca Capital LLC purchased a new stake in Cinemark during the 4th quarter valued at about $133,045,000. Marshall Wace LLP increased 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 purchasing an additional 3,973,689 shares during the period. Finally, State Street Corp increased its holdings in shares of Cinemark by 1.5% in the fourth quarter. State Street Corp now owns 3,950,606 shares of the company’s stock valued at $91,812,000 after purchasing an additional 60,176 shares during the period.

Cinemark Trading Up 2.6%

Shares of NYSE:CNK opened at $26.67 on Friday. Cinemark has a 12-month low of $21.60 and a 12-month high of $34.01. The business’s fifty day simple moving average is $24.19 and its 200-day simple moving average is $25.92. The company has a market capitalization of $3.08 billion, a PE ratio of 30.66 and a beta of 1.13. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 4.74.

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

Cinemark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. Cinemark’s dividend payout ratio is 41.38%.

Cinemark Company Profile

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.