Cinemark Holdings, Inc. (NYSE:CNK) Given Average Rating of “Hold” by Brokerages

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned an average rating of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $20.11.

CNK has been the subject of a number of research analyst reports. Roth Mkm upped their price target on shares of Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Wells Fargo & Company raised shares of Cinemark from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $23.00 in a research note on Friday, April 5th. Wedbush reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Cinemark in a research note on Thursday. Benchmark reaffirmed a “buy” rating and issued a $22.00 price target on shares of Cinemark in a research note on Wednesday, April 10th. Finally, B. Riley lowered shares of Cinemark from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $15.00 in a research note on Tuesday, January 2nd.

Insider Activity at Cinemark

In related news, insider Wanda Marie Gierhart sold 19,593 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 179,591 shares of the company’s stock, valued at $3,008,149.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

A number of large investors have recently made changes to their positions in CNK. Commonwealth Equity Services LLC raised its holdings in shares of Cinemark by 4.5% during the third quarter. Commonwealth Equity Services LLC now owns 320,879 shares of the company’s stock valued at $5,888,000 after acquiring an additional 13,720 shares during the period. Tectonic Advisors LLC raised its holdings in shares of Cinemark by 7.7% during the third quarter. Tectonic Advisors LLC now owns 45,670 shares of the company’s stock valued at $838,000 after acquiring an additional 3,260 shares during the period. First National Bank of Hutchinson raised its holdings in shares of Cinemark by 1.4% during the third quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock valued at $1,282,000 after acquiring an additional 989 shares during the period. Mitchell Capital Management Co. raised its holdings in shares of Cinemark by 0.4% during the third quarter. Mitchell Capital Management Co. now owns 387,784 shares of the company’s stock valued at $7,116,000 after acquiring an additional 1,470 shares during the period. Finally, Capula Management Ltd raised its holdings in shares of Cinemark by 53.4% during the third quarter. Capula Management Ltd now owns 57,040 shares of the company’s stock valued at $1,047,000 after acquiring an additional 19,860 shares during the period.

Cinemark Price Performance

NYSE CNK opened at $17.65 on Tuesday. Cinemark has a 52 week low of $13.19 and a 52 week high of $20.40. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 7.73. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 2.06 and a beta of 2.27. The company has a 50-day moving average price of $17.79 and a two-hundred day moving average price of $15.84.

Cinemark (NYSE:CNK) last posted its 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). The firm had revenue of $638.90 million during the quarter, compared to the consensus estimate of $619.67 million. Cinemark had a return on equity of 72.91% and a net margin of 6.14%. Cinemark’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.82) EPS. Analysts forecast that Cinemark will post 0.85 EPS for the current 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.