Cinemark Holdings, Inc. (NYSE:CNK) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $33.10.

Several analysts have recently issued reports on CNK shares. Benchmark decreased their price objective on Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Morgan Stanley decreased their price target on shares of Cinemark from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Macquarie reissued an "outperform" rating and issued a $35.00 price objective on shares of Cinemark in a research note on Thursday, February 20th. Wedbush restated a "neutral" rating and set a $32.00 target price on shares of Cinemark in a research report on Tuesday, February 18th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Cinemark in a report on Wednesday, February 19th.

Cinemark Price Performance

NYSE CNK traded up $0.72 on Tuesday, reaching $27.90. The company had a trading volume of 4,073,436 shares, compared to its average volume of 2,929,084. The stock has a market capitalization of $3.29 billion, a PE ratio of 13.74 and a beta of 2.07. Cinemark has a 12 month low of $16.32 and a 12 month high of $36.28. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. The firm's 50 day moving average price is $26.77 and its 200 day moving average price is $29.19.

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

Cinemark Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark's payout ratio is currently 15.76%.

Insider Activity

In other news, insider Wanda Marie Gierhart sold 9,119 shares of Cinemark 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 sale, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Elequin Capital LP grew its stake in Cinemark by 211.6% in the 4th quarter. Elequin Capital LP now owns 997 shares of the company's stock worth $31,000 after acquiring an additional 677 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cinemark by 402.4% during the fourth quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company's stock valued at $32,000 after acquiring an additional 825 shares in the last quarter. Quarry LP boosted its holdings in shares of Cinemark by 714.8% in the third quarter. Quarry LP now owns 1,491 shares of the company's stock valued at $42,000 after purchasing an additional 1,308 shares during the period. Aster Capital Management DIFC Ltd grew its stake in Cinemark by 380.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock worth $59,000 after purchasing an additional 1,501 shares in the last quarter. Finally, R Squared Ltd bought a new position in Cinemark in the fourth quarter worth approximately $63,000.

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.