Cinemark Holdings, Inc. (NYSE:CNK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $28.10.

CNK has been the topic of several analyst reports. Barrington Research downgraded shares of Cinemark from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group boosted their target price on shares of Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a research note on Thursday, September 19th. StockNews.com cut Cinemark from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Cinemark from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley raised their price objective on Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday.

Cinemark Price Performance

Shares of NYSE:CNK opened at $29.09 on Tuesday. The company has a market capitalization of $3.56 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.94 and a beta of 2.36. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.26 and a current ratio of 1.29. The stock has a fifty day moving average of $27.59 and a 200-day moving average of $22.19. Cinemark has a one year low of $13.19 and a one year high of $29.87.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, August 2nd. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.07 by $0.25. The business had revenue of $734.20 million during the quarter, compared to the consensus estimate of $691.74 million. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. Cinemark’s revenue was down 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, equities analysts anticipate that Cinemark will post 1.41 EPS for the current fiscal year.

Insider Activity

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.19, for a total transaction of $679,750.00. Following the transaction, the insider now directly owns 204,729 shares of the company’s stock, valued at $5,566,581.51. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Cinemark

Institutional investors have recently modified their holdings of the company. Third Point LLC acquired a new position in Cinemark in the 1st quarter valued at $89,850,000. Steadfast Capital Management LP acquired a new stake in shares of Cinemark in the first quarter valued at about $29,323,000. Jericho Capital Asset Management L.P. bought a new position in shares of Cinemark in the first quarter worth about $15,975,000. Nut Tree Capital Management LP acquired a new position in shares of Cinemark during the 1st quarter worth about $13,250,000. Finally, Hennessy Advisors Inc. boosted its stake in Cinemark by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,530,200 shares of the company’s stock valued at $33,083,000 after purchasing 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.