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

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $32.70.

A number of brokerages have recently commented on CNK. Benchmark reduced their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price target on shares of Cinemark from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Macquarie restated an “outperform” rating and set a $35.00 target price on shares of Cinemark in a research report on Thursday, February 20th. Finally, Wedbush reiterated a “neutral” rating and set a $32.00 price target on shares of Cinemark in a research report on Tuesday, February 18th.

Cinemark Stock Down 0.3 %

CNK opened at $23.80 on Friday. The company has a market capitalization of $2.91 billion, a P/E ratio of 11.72 and a beta of 2.41. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. Cinemark has a fifty-two week low of $16.32 and a fifty-two week high of $36.28. The firm’s fifty day moving average price is $28.51 and its two-hundred day moving average price is $29.58.

Cinemark (NYSE:CNK) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). The company had revenue of $814.30 million for the quarter, compared to analyst estimates of $797.18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.15) EPS. On average, analysts anticipate that Cinemark will post 1.93 EPS for the current year.

Cinemark Announces Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 5th. Cinemark’s dividend payout ratio is presently 15.76%.

Insiders Place Their Bets

In other Cinemark news, insider Wanda Marie Gierhart sold 9,119 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the sale, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new position in shares of Cinemark during the fourth quarter valued at about $221,000. Elequin Capital LP lifted its position in shares of Cinemark by 211.6% during the fourth quarter. Elequin Capital LP now owns 997 shares of the company’s stock valued at $31,000 after purchasing an additional 677 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of Cinemark during the fourth quarter valued at about $277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cinemark by 24.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 319,768 shares of the company’s stock valued at $9,906,000 after purchasing an additional 61,911 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Cinemark in the fourth quarter worth about $8,317,000.

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.