Cinemark (NYSE:CNK) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of Cinemark (NYSE:CNK - Free Report) from a sell rating to a hold rating in a research report report published on Sunday.

A number of other equities research analysts have also commented on the company. Wedbush lowered Cinemark from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 1st. Barrington Research upgraded shares of Cinemark from a "market perform" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research note on Thursday, October 31st. Wells Fargo & Company boosted their target price on shares of Cinemark from $31.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on Cinemark from $29.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Cinemark from $25.00 to $29.00 and gave the company a "neutral" rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Cinemark currently has a consensus rating of "Moderate Buy" and an average target price of $30.80.

Cinemark Stock Down 0.2 %

Shares of CNK stock traded down $0.06 during trading hours on Friday, reaching $31.51. 2,131,543 shares of the company's stock were exchanged, compared to its average volume of 2,596,958. The stock has a market cap of $3.86 billion, a PE ratio of 20.33, a PEG ratio of 1.54 and a beta of 2.35. 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 stock's fifty day moving average price is $28.51 and its two-hundred day moving average price is $23.67. Cinemark has a 1 year low of $13.19 and a 1 year high of $31.87.

Cinemark (NYSE:CNK - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.19 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 business had revenue of $921.80 million during the quarter, compared to the consensus estimate of $894.90 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts predict that Cinemark will post 2 EPS for the current year.

Insiders Place Their Bets

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00. Following the completion of the sale, the insider now directly owns 204,729 shares in the company, valued at approximately $5,566,581.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company's stock worth $56,000 after purchasing an additional 1,040 shares during the last quarter. USA Financial Formulas acquired a new position in Cinemark during the third quarter worth $77,000. CWM LLC grew its holdings in Cinemark by 134.4% in the 3rd quarter. CWM LLC now owns 2,993 shares of the company's stock valued at $83,000 after buying an additional 1,716 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company's stock worth $68,000 after acquiring an additional 877 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Cinemark during the 2nd quarter worth $79,000.

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.