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

Shares of Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven brokerages that are covering the company, Marketbeat reports. One equities 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 issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $26.00.

A number of equities analysts recently issued reports on CNK shares. Benchmark reaffirmed a "buy" rating and set a $23.00 target price on shares of Cinemark in a research report on Monday, July 1st. Macquarie increased their target price on shares of Cinemark from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Tuesday, July 9th. Morgan Stanley boosted their price target on Cinemark from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Barrington Research downgraded Cinemark from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Cinemark from $22.00 to $25.00 and gave the stock a "neutral" rating in a report on Monday, August 5th.

Cinemark Stock Performance

CNK stock traded down $0.02 during mid-day trading on Friday, reaching $28.31. 2,913,710 shares of the stock traded hands, compared to its average volume of 2,939,034. The firm has a market capitalization of $3.46 billion, a PE ratio of 19.52, a P/E/G ratio of 2.12 and a beta of 2.36. The business has a 50-day moving average of $25.89 and a two-hundred day moving average of $21.05. Cinemark has a 52 week low of $13.19 and a 52 week high of $29.07. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 6.23.

Cinemark (NYSE:CNK - Get Free Report) last released its earnings results on Friday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.25. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The firm had revenue of $734.20 million for the quarter, compared to analyst estimates of $691.74 million. During the same quarter last year, the firm posted $0.80 EPS. The company's revenue was down 22.1% on a year-over-year basis. As a group, equities analysts predict that Cinemark will post 1.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the transaction, the insider now directly owns 204,729 shares in the company, valued at $5,566,581.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Cinemark

Several institutional investors have recently bought and sold shares of the business. Third Point LLC acquired a new position in shares of Cinemark during the first quarter worth approximately $89,850,000. Dimensional Fund Advisors LP raised its position in Cinemark by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,914,708 shares of the company's stock worth $63,012,000 after purchasing an additional 148,076 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Cinemark by 1.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,550,819 shares of the company's stock worth $55,149,000 after buying an additional 35,993 shares in the last quarter. Steadfast Capital Management LP bought a new position in Cinemark in the 1st quarter valued at $29,323,000. Finally, Hennessy Advisors Inc. increased its stake in shares of Cinemark by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 1,530,200 shares of the company's stock valued at $33,083,000 after buying an additional 234,400 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.