Cinemark Holdings, Inc. (NYSE:CNK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Cinemark Holdings, Inc. (NYSE:CNK) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $32.80.

Several brokerages recently weighed in on CNK. Macquarie boosted their price target on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barrington Research upgraded shares of Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of Cinemark from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Benchmark boosted their price objective on Cinemark from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Wedbush lowered Cinemark from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st.

Cinemark Stock Up 0.3 %

CNK opened at $31.06 on Friday. Cinemark has a 52 week low of $13.19 and a 52 week high of $36.28. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The firm has a 50-day simple moving average of $32.06 and a two-hundred day simple moving average of $27.76. The company has a market capitalization of $3.80 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.66 and a beta of 2.40.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. The company had revenue of $921.80 million during the quarter, compared to analyst estimates of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Analysts forecast that Cinemark will post 2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the transaction, the insider now owns 179,729 shares of the company’s stock, valued at $5,873,543.72. This trade represents a 12.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cinemark

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP raised its stake in shares of Cinemark by 714.8% during the third quarter. Quarry LP now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 1,308 shares in the last quarter. GAMMA Investing LLC increased its holdings in Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after purchasing an additional 1,040 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in Cinemark by 38.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock valued at $68,000 after purchasing an additional 877 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Cinemark in the 3rd quarter worth $77,000. Finally, CWM LLC grew its position in shares of Cinemark by 134.4% during the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after buying an additional 1,716 shares in the last quarter.

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.