Brokerages Set Cinemark Holdings, Inc. (NYSE:CNK) PT at $32.80

Shares of Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) have received an average rating of "Moderate Buy" from the eleven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $32.80.

CNK has been the subject of a number of research reports. Wedbush downgraded Cinemark from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 1st. Roth Mkm raised their target price on Cinemark from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Macquarie boosted their price target on shares of Cinemark from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, November 1st. The Goldman Sachs Group raised their price objective on shares of Cinemark from $16.00 to $20.00 and gave the stock a "sell" rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company lifted their target price on shares of Cinemark from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th.

Cinemark Stock Performance

CNK stock traded up $0.40 on Friday, reaching $30.95. 1,673,824 shares of the company were exchanged, compared to its average volume of 2,809,725. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.96. Cinemark has a 12 month low of $13.19 and a 12 month high of $36.28. The stock's fifty day moving average price is $31.80 and its 200 day moving average price is $27.44. The firm has a market capitalization of $3.79 billion, a PE ratio of 19.97, a PEG ratio of 1.66 and a beta of 2.38.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.61. Cinemark had a net margin of 8.36% and a return on equity of 60.21%. The company had revenue of $921.80 million for the quarter, compared to the consensus estimate of $894.90 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The business's revenue was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that Cinemark will post 2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Valmir Fernandes sold 25,000 shares of the firm's stock in a transaction 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 completion of the sale, the insider now directly owns 179,729 shares of the company's stock, valued at $5,873,543.72. This trade represents a 12.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company's stock.

Institutional Trading of Cinemark

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of Cinemark by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company's stock valued at $63,012,000 after purchasing an additional 148,076 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Cinemark by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,550,819 shares of the company's stock valued at $55,149,000 after buying an additional 35,993 shares during the period. Geode Capital Management LLC raised its position in shares of Cinemark by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,449,567 shares of the company's stock worth $68,209,000 after acquiring an additional 25,857 shares during the last quarter. Maverick Capital Ltd. lifted its stake in shares of Cinemark by 1,356.4% during the third quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company's stock valued at $42,255,000 after acquiring an additional 1,413,557 shares during the period. Finally, Royal London Asset Management Ltd. increased its position in Cinemark by 2.4% in the third quarter. Royal London Asset Management Ltd. now owns 1,264,614 shares of the company's stock worth $35,207,000 after purchasing an additional 29,275 shares during the period.

About Cinemark

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.