Cinemark Holdings Inc. (CNK) Rating Reiterated by Benchmark Co.
Cinemark Holdings Inc. (NYSE:CNK)‘s stock had its “hold” rating reiterated by stock analysts at Benchmark Co. in a research note issued on Wednesday. They presently have a $35.94 target price on the stock. Benchmark Co.’s price objective indicates a potential downside of 10.17% from the company’s previous close.
Other research analysts have also issued research reports about the company. Goldman Sachs Group Inc. raised Cinemark Holdings from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Monday, October 31st. Loop Capital reissued a “buy” rating and issued a $44.00 target price on shares of Cinemark Holdings in a report on Tuesday, October 4th. MKM Partners upped their target price on Cinemark Holdings from $40.00 to $43.00 and gave the company a “buy” rating in a report on Monday, July 25th. B. Riley reissued a “buy” rating and issued a $47.00 target price on shares of Cinemark Holdings in a report on Tuesday, August 9th. Finally, Wunderlich upped their target price on Cinemark Holdings from $40.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 12th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $41.42.
Shares of Cinemark Holdings (NYSE:CNK) opened at 40.01 on Wednesday. The company’s 50 day moving average price is $39.40 and its 200-day moving average price is $37.28. Cinemark Holdings has a 12 month low of $26.56 and a 12 month high of $40.99. The firm has a market capitalization of $4.63 billion, a P/E ratio of 21.41 and a beta of 1.01.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The business had revenue of $768.60 million for the quarter, compared to analyst estimates of $776.40 million. During the same period in the prior year, the company earned $0.40 EPS. The company’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts predict that Cinemark Holdings will post $1.96 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in Cinemark Holdings by 13.2% in the second quarter. Raymond James Trust N.A. now owns 17,772 shares of the company’s stock worth $648,000 after buying an additional 2,071 shares during the period. Park National Corp OH purchased a new position in Cinemark Holdings during the second quarter worth approximately $203,000. BNP Paribas Arbitrage SA increased its position in Cinemark Holdings by 223.8% in the second quarter. BNP Paribas Arbitrage SA now owns 54,750 shares of the company’s stock worth $1,996,000 after buying an additional 37,841 shares during the period. BlueMountain Capital Management LLC increased its position in Cinemark Holdings by 240.8% in the first quarter. BlueMountain Capital Management LLC now owns 29,292 shares of the company’s stock worth $1,050,000 after buying an additional 20,697 shares during the period. Finally, Squarepoint Ops LLC increased its position in Cinemark Holdings by 231.2% in the first quarter. Squarepoint Ops LLC now owns 27,124 shares of the company’s stock worth $972,000 after buying an additional 18,935 shares during the period. Hedge funds and other institutional investors own 88.40% of the company’s stock.
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.
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