Cinemark (NYSE:CNK) Given Neutral Rating at Wedbush

Cinemark (NYSE:CNK)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a report released on Tuesday,RTT News reports. They currently have a $32.00 target price on the stock. Wedbush’s target price suggests a potential downside of 2.31% from the company’s current price.

CNK has been the topic of a number of other research reports. Wells Fargo & Company lowered their price target on Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on Cinemark from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Macquarie boosted their price objective on Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Barrington Research raised Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cinemark currently has a consensus rating of “Moderate Buy” and an average target price of $32.80.

Cinemark Trading Up 0.6 %

Shares of Cinemark stock traded up $0.20 on Tuesday, reaching $32.76. 172,478 shares of the company were exchanged, compared to its average volume of 2,112,031. The stock has a fifty day moving average price of $30.54 and a 200-day moving average price of $29.72. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 21.16 and a beta of 2.38. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. Cinemark has a fifty-two week low of $15.74 and a fifty-two week high of $36.28.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Elequin Capital LP raised its stake in Cinemark by 211.6% during the 4th quarter. Elequin Capital LP now owns 997 shares of the company’s stock worth $31,000 after buying an additional 677 shares during the period. Russell Investments Group Ltd. raised its stake in Cinemark by 402.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company’s stock worth $32,000 after buying an additional 825 shares during the period. Quarry LP raised its stake 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 buying an additional 1,308 shares during the period. Aster Capital Management DIFC Ltd raised its stake in Cinemark by 380.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company’s stock worth $59,000 after buying an additional 1,501 shares during the period. Finally, R Squared Ltd acquired a new stake in Cinemark during the 4th quarter worth $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.