Cinemark Holdings, Inc. (NYSE:CNK) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $44.44.
CNK has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on Cinemark from $41.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, July 23rd. Wedbush reaffirmed a “buy” rating and set a $49.00 price target on shares of Cinemark in a report on Friday. Credit Suisse Group initiated coverage on Cinemark in a report on Friday, July 19th. They set an “outperform” rating and a $43.00 price target for the company. MKM Partners decreased their price target on Cinemark to $43.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, ValuEngine raised Cinemark from a “hold” rating to a “buy” rating in a report on Thursday.
In other Cinemark news, insider Valmir Fernandes sold 4,033 shares of Cinemark stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $43.00, for a total transaction of $173,419.00. Following the completion of the sale, the insider now directly owns 114,961 shares of the company’s stock, valued at approximately $4,943,323. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.00% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in shares of Cinemark by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the company’s stock worth $1,140,000 after purchasing an additional 300 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Cinemark by 1.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 19,690 shares of the company’s stock worth $711,000 after purchasing an additional 310 shares in the last quarter. 6 Meridian increased its position in shares of Cinemark by 2.6% during the second quarter. 6 Meridian now owns 12,206 shares of the company’s stock worth $441,000 after purchasing an additional 315 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Cinemark by 6.9% during the second quarter. Advisory Services Network LLC now owns 5,486 shares of the company’s stock worth $198,000 after purchasing an additional 352 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Cinemark by 1.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 42,334 shares of the company’s stock worth $1,693,000 after purchasing an additional 422 shares in the last quarter. Institutional investors and hedge funds own 98.26% of the company’s stock.
NYSE:CNK traded up $1.78 during midday trading on Friday, reaching $41.10. The company had a trading volume of 2,279,904 shares, compared to its average volume of 1,123,170. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.71. The business’s fifty day simple moving average is $37.60. Cinemark has a 12-month low of $34.03 and a 12-month high of $43.51. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.83 and a quick ratio of 0.80.
Cinemark (NYSE:CNK) last released its earnings results on Friday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. The firm had revenue of $957.76 million during the quarter, compared to analyst estimates of $906.57 million. Cinemark had a return on equity of 12.61% and a net margin of 5.85%. As a group, equities research analysts predict that Cinemark will post 2.29 earnings per share for the current fiscal year.
Cinemark Company Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.
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