Cinemark Holdings, Inc. (NYSE:CNK) Receives Consensus Recommendation of “Hold” from Brokerages

Cinemark Holdings, Inc. (NYSE:CNK) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $20.11.

A number of equities research analysts recently commented on CNK shares. Wedbush restated an “outperform” rating and issued a $23.00 price objective on shares of Cinemark in a research report on Thursday. Barrington Research restated an “outperform” rating and issued a $24.00 price objective on shares of Cinemark in a research report on Monday, April 22nd. Benchmark restated a “buy” rating and issued a $22.00 price objective on shares of Cinemark in a research report on Wednesday, April 10th. Wells Fargo & Company upgraded shares of Cinemark from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $23.00 in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, April 8th.

Cinemark Price Performance

Shares of CNK opened at $17.65 on Tuesday. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $20.40. The company has a market capitalization 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 firm has a 50-day simple moving average of $17.79 and a 200-day simple moving average of $15.84. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.42 and a current ratio of 1.45.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, February 16th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The business had revenue of $638.90 million for the quarter, compared to analyst estimates of $619.67 million. During the same quarter last year, the company posted ($0.82) EPS. Cinemark’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Cinemark will post 0.85 earnings per share for the current year.

Insider Transactions at Cinemark

In other news, insider Wanda Marie Gierhart sold 19,593 shares of the firm’s 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 transaction, the insider now directly owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Cinemark

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Cinemark by 30.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 288,058 shares of the company’s stock worth $4,059,000 after acquiring an additional 67,851 shares during the period. Federated Hermes Inc. grew its stake in Cinemark by 17.0% in the 4th quarter. Federated Hermes Inc. now owns 696,859 shares of the company’s stock worth $9,819,000 after acquiring an additional 101,272 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in Cinemark by 276.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 189,074 shares of the company’s stock worth $3,470,000 after acquiring an additional 138,874 shares during the period. Vanguard Group Inc. grew its stake in Cinemark by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,844,490 shares of the company’s stock worth $254,046,000 after acquiring an additional 214,102 shares during the period. Finally, Rhumbline Advisers grew its stake in Cinemark by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 338,643 shares of the company’s stock worth $6,214,000 after acquiring an additional 1,574 shares during the period.

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.