Wedbush set a $38.00 price objective on Cinemark (NYSE:CNK) in a research report sent to investors on Monday, January 8th. The firm currently has a buy rating on the stock. Wedbush also issued estimates for Cinemark’s Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $1.89 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $2.37 EPS.
A number of other equities analysts also recently weighed in on the company. B. Riley reissued a buy rating and set a $47.00 price target on shares of Cinemark in a research report on Tuesday, December 5th. Zacks Investment Research raised Cinemark from a sell rating to a hold rating in a research report on Wednesday, November 8th. Morgan Stanley raised Cinemark from an underweight rating to an equal weight rating and set a $38.00 price target on the stock in a research report on Thursday, October 5th. Credit Suisse Group lowered their price target on Cinemark from $34.00 to $30.00 and set an underperform rating on the stock in a research report on Thursday, September 28th. Finally, Royal Bank of Canada decreased their target price on Cinemark from $43.00 to $40.00 and set a sector perform rating on the stock in a research report on Monday, September 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Cinemark presently has an average rating of Hold and an average price target of $41.61.
Cinemark (CNK) traded up $0.13 on Monday, reaching $37.23. The company had a trading volume of 1,943,135 shares, compared to its average volume of 1,210,000. Cinemark has a fifty-two week low of $32.03 and a fifty-two week high of $44.84. The company has a market capitalization of $4,340.00, a price-to-earnings ratio of 17.64, a PEG ratio of 1.03 and a beta of 1.15. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50.
Cinemark (NYSE:CNK) last released its earnings results on Friday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $710.70 million for the quarter, compared to the consensus estimate of $702.60 million. Cinemark had a return on equity of 18.43% and a net margin of 8.36%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 EPS. equities research analysts anticipate that Cinemark will post 1.92 earnings per share for the current year.
In related news, EVP Tom Owens sold 9,213 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the sale, the executive vice president now owns 42,722 shares of the company’s stock, valued at $1,537,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lee Roy Mitchell sold 174,607 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $36.72, for a total value of $6,411,569.04. Following the sale, the director now directly owns 5,528,843 shares in the company, valued at approximately $203,019,114.96. The disclosure for this sale can be found here. Insiders sold 483,820 shares of company stock worth $17,672,093 in the last ninety days. 9.20% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in Cinemark by 73.2% during the fourth quarter. Victory Capital Management Inc. now owns 6,081,823 shares of the company’s stock worth $211,768,000 after buying an additional 2,570,923 shares in the last quarter. Hamlin Capital Management LLC bought a new stake in Cinemark during the fourth quarter worth $28,010,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Cinemark by 54.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,862 shares of the company’s stock worth $204,000 after purchasing an additional 2,070 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Cinemark by 2.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 88,431 shares of the company’s stock worth $3,079,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its stake in Cinemark by 3.2% during the fourth quarter. Howe & Rusling Inc. now owns 102,814 shares of the company’s stock worth $3,580,000 after purchasing an additional 3,181 shares during the last quarter. 94.68% of the stock is currently owned by institutional investors and hedge funds.
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Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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