Shares of Cinemark Holdings, Inc. (NYSE:CNK) traded down 5.3% during mid-day trading on Monday . The company traded as low as $36.43 and last traded at $36.53. 2,012,373 shares changed hands during trading, an increase of 80% from the average session volume of 1,118,920 shares. The stock had previously closed at $38.59.
A number of analysts have issued reports on the company. Morgan Stanley lifted their price target on Cinemark from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, October 18th. Royal Bank of Canada boosted their target price on Cinemark from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 5th. B. Riley reduced their target price on Cinemark from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday, November 5th. Imperial Capital boosted their target price on Cinemark from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, MKM Partners boosted their target price on Cinemark to $47.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.00.
The company has a debt-to-equity ratio of 1.36, a current ratio of 1.24 and a quick ratio of 1.20. The company has a market cap of $4.51 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.11 and a beta of 0.79.
A number of institutional investors and hedge funds have recently bought and sold shares of CNK. Oregon Public Employees Retirement Fund raised its stake in Cinemark by 3,480.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,500,450 shares of the company’s stock valued at $42,000 after acquiring an additional 1,458,538 shares during the last quarter. BlackRock Inc. raised its stake in Cinemark by 7.0% during the 4th quarter. BlackRock Inc. now owns 12,314,087 shares of the company’s stock valued at $440,843,000 after acquiring an additional 808,848 shares during the last quarter. Prudential Financial Inc. raised its stake in Cinemark by 858.5% during the 4th quarter. Prudential Financial Inc. now owns 645,663 shares of the company’s stock valued at $23,115,000 after acquiring an additional 578,300 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Cinemark during the 3rd quarter valued at approximately $22,637,000. Finally, Ceredex Value Advisors LLC raised its stake in Cinemark by 31.7% during the 3rd quarter. Ceredex Value Advisors LLC now owns 1,768,985 shares of the company’s stock valued at $71,113,000 after acquiring an additional 425,985 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.
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About Cinemark (NYSE:CNK)
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of September 30, 2018, it operated 541 theatres with 6,014 screens in 41 states of the United States, Brazil, Argentina, and 13 other Latin American countries. The company was incorporated in 2006 and is headquartered in Plano, Texas.
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