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

Cinemark Holdings, Inc. (NYSE:CNK) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $32.60.

A number of research firms recently commented on CNK. Roth Mkm raised their price target on shares of Cinemark from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th. Barrington Research raised Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on Cinemark from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Wedbush lowered Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st.

Insider Activity

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the sale, the insider now owns 179,729 shares in the company, valued at $5,873,543.72. This trade represents a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CNK. Quarry LP grew its position in Cinemark by 714.8% during the 3rd quarter. Quarry LP now owns 1,491 shares of the company’s stock worth $42,000 after acquiring an additional 1,308 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cinemark by 106.1% during the third 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. R Squared Ltd bought a new stake in shares of Cinemark during the fourth quarter worth about $63,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock valued at $68,000 after buying an additional 877 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in Cinemark during the 3rd quarter worth approximately $77,000.

Cinemark Trading Up 0.3 %

Shares of CNK stock opened at $28.93 on Thursday. Cinemark has a 12-month low of $13.45 and a 12-month high of $36.28. The firm has a 50 day moving average price of $31.49 and a two-hundred day moving average price of $28.85. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The company has a market capitalization of $3.54 billion, a PE ratio of 18.66 and a beta of 2.40.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. The firm had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. As a group, analysts predict that Cinemark will post 2.06 earnings per share for the current year.

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.