Shares of Cinemark Holdings Inc. (NYSE:CNK) have been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $41.14.

Several research firms have commented on CNK. Wedbush reissued a “neutral” rating and set a $40.00 price objective on shares of Cinemark Holdings in a report on Thursday, September 22nd. Drexel Hamilton reissued a “buy” rating on shares of Cinemark Holdings in a report on Thursday, July 7th. B. Riley reissued a “buy” rating and set a $47.00 price objective on shares of Cinemark Holdings in a report on Tuesday, August 9th. Loop Capital reissued a “buy” rating and set a $44.00 price objective on shares of Cinemark Holdings in a report on Tuesday, October 4th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Cinemark Holdings in a report on Sunday, July 10th.

Cinemark Holdings (NYSE:CNK) traded up 0.10% during mid-day trading on Wednesday, hitting $39.55. The company had a trading volume of 88,069 shares. Cinemark Holdings has a 1-year low of $26.56 and a 1-year high of $40.19. The stock has a 50 day moving average price of $38.55 and a 200-day moving average price of $36.57. The stock has a market capitalization of $4.57 billion, a PE ratio of 21.16 and a beta of 1.01.

Cinemark Holdings (NYSE:CNK) last issued its earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.05. The firm earned $744.40 million during the quarter, compared to the consensus estimate of $746.05 million. Cinemark Holdings had a return on equity of 19.68% and a net margin of 7.58%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. On average, analysts forecast that Cinemark Holdings will post $1.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Wednesday, August 31st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Monday, August 29th. Cinemark Holdings’s dividend payout ratio (DPR) is currently 58.06%.

A number of hedge funds have recently bought and sold shares of CNK. Opus Capital Group LLC raised its stake in Cinemark Holdings by 1.2% in the second quarter. Opus Capital Group LLC now owns 5,697 shares of the company’s stock worth $207,000 after buying an additional 68 shares during the period. Smithfield Trust Co. raised its stake in Cinemark Holdings by 1.4% in the second quarter. Smithfield Trust Co. now owns 6,666 shares of the company’s stock worth $243,000 after buying an additional 93 shares during the period. Miles Capital Inc. raised its position in shares of Cinemark Holdings by 1.5% in the second quarter. Miles Capital Inc. now owns 11,936 shares of the company’s stock worth $435,000 after buying an additional 173 shares during the period. Raymond James Trust N.A. raised its position in shares of Cinemark Holdings by 1.5% in the third quarter. Raymond James Trust N.A. now owns 18,031 shares of the company’s stock worth $691,000 after buying an additional 259 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of Cinemark Holdings by 2.8% in the second quarter. Capstone Asset Management Co. now owns 9,862 shares of the company’s stock worth $360,000 after buying an additional 270 shares during the period. 88.53% of the stock is currently owned by institutional investors.

Cinemark Holdings Company Profile

Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.

5 Day Chart for NYSE:CNK

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