Cinemark Holdings, Inc. (NYSE:CNK) Receives $32.80 Consensus PT from Brokerages

Shares of Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $32.80.

A number of equities research analysts have commented on the company. Barrington Research upgraded Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price objective for the company in a research report on Thursday, October 31st. Wedbush lowered Cinemark from a "strong-buy" rating to a "hold" rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on Cinemark from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. B. Riley lowered Cinemark from a "buy" rating to a "neutral" rating and set a $31.00 price target for the company. in a report on Tuesday, August 27th. Finally, Morgan Stanley lifted their price target on Cinemark from $29.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, October 11th.

Cinemark Stock Down 0.5 %

NYSE CNK traded down $0.16 during trading on Wednesday, reaching $35.34. 1,905,465 shares of the company's stock were exchanged, compared to its average volume of 2,853,324. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $36.28. The firm has a market capitalization of $4.32 billion, a PE ratio of 22.90, a P/E/G ratio of 1.81 and a beta of 2.38. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. The company's fifty day simple moving average is $30.21 and its 200-day simple moving average is $25.54.

Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.61. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The firm had revenue of $921.80 million during the quarter, compared to analyst estimates of $894.90 million. During the same period last year, the company posted $0.61 EPS. The business's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Cinemark will post 2 EPS for the current year.

Insider Activity

In other news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total transaction of $817,000.00. Following the sale, the insider now directly owns 179,729 shares in the company, valued at approximately $5,873,543.72. The trade was a 12.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Cinemark

Institutional investors have recently bought and sold shares of the stock. Aigen Investment Management LP boosted its stake in Cinemark by 198.9% in the 3rd quarter. Aigen Investment Management LP now owns 49,400 shares of the company's stock valued at $1,375,000 after buying an additional 32,870 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Cinemark by 88.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company's stock worth $1,733,000 after purchasing an additional 29,295 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Cinemark in the third quarter worth $1,960,000. Entropy Technologies LP acquired a new position in Cinemark in the third quarter worth $893,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Cinemark by 18.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 676,652 shares of the company's stock worth $14,629,000 after purchasing an additional 103,875 shares in the last quarter.

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.