Brokerages Set Cinemark Holdings Inc (NYSE:CNK) Target Price at $32.83

Shares of Cinemark Holdings Inc (NYSE:CNK) have received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $32.8333.

Several research firms recently weighed in on CNK. UBS Group upgraded shares of Cinemark to a “buy” rating in a research report on Tuesday, January 20th. Benchmark reissued a “buy” rating on shares of Cinemark in a report on Thursday, January 15th. Wall Street Zen lowered Cinemark from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Morgan Stanley reiterated an “equal weight” rating and set a $28.00 price target (down from $35.00) on shares of Cinemark in a research report on Thursday, December 18th. Finally, Zacks Research lowered Cinemark from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd.

Insider Buying and Selling 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 transaction, the executive vice president directly owned 167,360 shares in the company, valued at approximately $4,152,201.60. The trade was a 11.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CNK. Amalgamated Bank increased its holdings in shares of Cinemark by 1.7% in the third quarter. Amalgamated Bank now owns 29,626 shares of the company’s stock valued at $830,000 after purchasing an additional 488 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Cinemark by 20.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock valued at $83,000 after buying an additional 506 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Cinemark by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock worth $548,000 after acquiring an additional 507 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Cinemark by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 507 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of Cinemark by 3.2% during the 2nd quarter. QRG Capital Management Inc. now owns 16,894 shares of the company’s stock worth $510,000 after acquiring an additional 521 shares during the period.

Cinemark Trading Up 1.5%

Shares of NYSE:CNK opened at $25.74 on Monday. Cinemark has a 1 year low of $21.60 and a 1 year high of $34.01. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.76 and a quick ratio of 0.72. The business’s 50 day moving average price is $23.70 and its 200-day moving average price is $25.99.

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.