Cinemark Holdings, Inc. (NYSE:CNK) Receives Consensus Rating of "Moderate Buy" from Brokerages

Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $32.70.

A number of research firms have commented on CNK. Morgan Stanley lowered their price objective on Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Macquarie reaffirmed an "outperform" rating and issued a $35.00 price target on shares of Cinemark in a research note on Thursday, February 20th. Wedbush reiterated a "neutral" rating and set a $32.00 price objective on shares of Cinemark in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their target price on shares of Cinemark from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Finally, Benchmark decreased their price objective on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th.

Insider Activity at Cinemark

In related news, insider Wanda Marie Gierhart sold 9,119 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $27.00, for a total transaction of $246,213.00. Following the completion of the transaction, the insider now directly owns 147,414 shares of the company's stock, valued at $3,980,178. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

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Institutional Investors Weigh In On Cinemark

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in Cinemark by 100.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company's stock valued at $127,159,000 after purchasing an additional 2,054,579 shares during the period. Candlestick Capital Management LP raised its stake in Cinemark by 48.1% during the fourth quarter. Candlestick Capital Management LP now owns 4,931,618 shares of the company's stock worth $152,782,000 after buying an additional 1,601,537 shares during the last quarter. Maverick Capital Ltd. lifted its holdings in Cinemark by 1,356.4% in the third quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company's stock valued at $42,255,000 after buying an additional 1,413,557 shares during the period. Simcoe Capital Management LLC bought a new stake in Cinemark during the fourth quarter valued at $37,763,000. Finally, Man Group plc acquired a new stake in Cinemark during the 4th quarter worth about $28,040,000.

Cinemark Stock Performance

CNK traded up $0.69 during trading on Friday, hitting $24.94. The stock had a trading volume of 4,191,117 shares, compared to its average volume of 2,763,178. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The company has a 50 day moving average price of $28.37 and a 200-day moving average price of $29.58. Cinemark has a one year low of $16.32 and a one year high of $36.28. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 12.28 and a beta of 2.41.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.06). Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The business had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. During the same period in the prior year, the firm earned ($0.15) EPS. The business's revenue for the quarter was up 27.5% on a year-over-year basis. As a group, research analysts predict that Cinemark will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 5th. Cinemark's dividend payout ratio (DPR) is currently 15.76%.

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.