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

Cinemark Holdings, Inc. (NYSE:CNK) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.10.

CNK has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Benchmark cut their price objective on Cinemark from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Cinemark in a research note on Wednesday, February 19th. Wells Fargo & Company reduced their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, Wedbush reaffirmed a “neutral” rating and set a $32.00 target price on shares of Cinemark in a research note on Tuesday, February 18th.

Insider Buying and Selling

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 147,414 shares in the company, valued at approximately $3,980,178. This represents a 5.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of Cinemark by 26.9% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 152,400 shares of the company’s stock valued at $4,722,000 after purchasing an additional 32,310 shares during the period. KBC Group NV increased its position in shares of Cinemark by 470.1% during the fourth quarter. KBC Group NV now owns 16,920 shares of the company’s stock worth $524,000 after acquiring an additional 13,952 shares during the period. Principal Financial Group Inc. increased its position in shares of Cinemark by 18.8% during the third quarter. Principal Financial Group Inc. now owns 629,782 shares of the company’s stock worth $17,533,000 after acquiring an additional 99,843 shares during the period. Vanguard Group Inc. boosted its holdings in Cinemark by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company’s stock valued at $387,408,000 after purchasing an additional 109,179 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Cinemark during the 4th quarter worth $477,000.

Cinemark Price Performance

Shares of NYSE CNK opened at $27.90 on Tuesday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.01 and a quick ratio of 0.96. The firm’s 50 day simple moving average is $26.77 and its 200-day simple moving average is $29.19. Cinemark has a 12 month low of $16.32 and a 12 month high of $36.28. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 13.74 and a beta of 2.07.

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

Cinemark Dividend Announcement

The company also recently declared a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 5th. Cinemark’s payout ratio is presently 15.76%.

About Cinemark

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.