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

Shares of Cinemark Holdings Inc (NYSE:CNK) have earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. One research 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 target among analysts that have issued a report on the stock in the last year is $32.8333.

CNK has been the subject of several research analyst reports. B. Riley dropped their price objective on Cinemark from $35.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Moffett Nathanson raised Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, January 20th. Zacks Research cut Cinemark from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Benchmark reiterated a “buy” rating on shares of Cinemark in a research report on Thursday, January 15th. Finally, UBS Group upgraded shares of Cinemark to a “buy” rating in a report on Tuesday, January 20th.

Insider Buying and Selling at Cinemark

In related news, EVP Melissa Thomas sold 22,082 shares of Cinemark stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $24.81, for a total transaction of $547,854.42. Following the completion of the transaction, the executive vice president directly owned 167,360 shares in the company, valued at $4,152,201.60. The trade was a 11.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Cinemark

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cinemark by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,699 shares of the company’s stock valued at $1,635,000 after purchasing an additional 2,872 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Cinemark during the first quarter worth about $570,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cinemark by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 345,258 shares of the company’s stock valued at $8,593,000 after buying an additional 25,490 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Cinemark during the first quarter valued at approximately $372,000. Finally, QRG Capital Management Inc. boosted its position in Cinemark by 3.2% during the second 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 last quarter.

Cinemark Stock Performance

NYSE:CNK opened at $25.15 on Monday. The firm’s fifty day simple moving average is $23.77 and its 200-day simple moving average is $26.08. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 5.01. The stock has a market cap of $2.95 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 2.44 and a beta of 1.13. Cinemark has a fifty-two week low of $21.60 and a fifty-two week high of $34.01.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). Cinemark had a net margin of 4.93% and a return on equity of 34.33%. The company had revenue of $857.50 million during the quarter, compared to analyst estimates of $851.47 million. During the same quarter last year, the business earned $1.19 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Analysts expect that Cinemark will post 1.93 earnings per share for the current fiscal year.

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.