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

Cinemark Holdings Inc (NYSE:CNK) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.0769.

CNK has been the subject of a number of analyst reports. Macquarie Infrastructure dropped their price target on Cinemark from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. Zacks Research upgraded Cinemark from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. The Goldman Sachs Group reissued a “sell” rating and set a $22.00 price objective on shares of Cinemark in a research note on Thursday, February 19th. Moffett Nathanson upgraded Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, January 20th. Finally, UBS Group raised Cinemark to a “buy” rating in a research note on Tuesday, January 20th.

Insider Buying and Selling

In other Cinemark news, EVP Melissa Thomas sold 7,944 shares of Cinemark stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $26.05, for a total transaction of $206,941.20. Following the transaction, the executive vice president directly owned 159,416 shares of the company’s stock, valued at $4,152,786.80. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Trading of Cinemark

Several hedge funds have recently made changes to their positions in CNK. EverSource Wealth Advisors LLC increased 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 buying an additional 507 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Cinemark in the second quarter valued at approximately $47,000. Financial Consulate Inc. purchased a new position in Cinemark in the third quarter worth approximately $50,000. Meeder Asset Management Inc. acquired a new stake in Cinemark during the third quarter worth $63,000. Finally, Smartleaf Asset Management LLC increased its stake in Cinemark by 20.1% during the third quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after acquiring an additional 506 shares during the last quarter.

Cinemark Stock Performance

CNK opened at $27.86 on Tuesday. Cinemark has a twelve month low of $21.60 and a twelve month high of $34.01. The firm has a market capitalization of $3.22 billion, a PE ratio of 32.02 and a beta of 1.08. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 4.74. The firm’s 50-day moving average price is $25.64 and its 200 day moving average price is $26.07.

Cinemark (NYSE:CNK) last released 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). Cinemark had a net margin of 4.44% and a return on equity of 34.11%. The business had revenue of $776.30 million during the quarter, compared to analyst estimates of $778.41 million. During the same quarter in the previous year, the company posted $0.33 EPS. The firm’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Cinemark will post 1.93 EPS for the current fiscal year.

Cinemark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, March 3rd. Cinemark’s dividend payout ratio (DPR) is presently 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.