Cinemark Holdings Inc (NYSE:CNK) Upgraded to “Buy” by BidaskClub
BidaskClub upgraded shares of Cinemark Holdings Inc (NYSE:CNK) from a hold rating to a buy rating in a report issued on Tuesday.
Several other equities research analysts have also recently weighed in on CNK. Goldman Sachs Group, Inc. (The) cut shares of Cinemark Holdings from a conviction-buy rating to a buy rating and set a $49.00 target price for the company. in a research note on Monday, April 10th. B. Riley restated a buy rating and set a $53.50 price target on shares of Cinemark Holdings in a research note on Wednesday, April 12th. Royal Bank Of Canada raised their price target on shares of Cinemark Holdings from $45.00 to $47.00 and gave the stock a sector perform rating in a research note on Monday, April 17th. MKM Partners restated a buy rating and set a $50.00 price target (up previously from $48.00) on shares of Cinemark Holdings in a research note on Wednesday, April 26th. Finally, Moffett Nathanson cut shares of Cinemark Holdings from a neutral rating to a sell rating and set a $33.00 price target for the company. in a research note on Monday, June 12th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $43.00.
Shares of Cinemark Holdings (NYSE CNK) traded down 0.73% during mid-day trading on Tuesday, hitting $37.87. The company had a trading volume of 1,221,016 shares. Cinemark Holdings has a 12 month low of $36.60 and a 12 month high of $44.84. The firm has a 50-day moving average price of $38.60 and a 200 day moving average price of $41.29. The firm has a market capitalization of $4.38 billion, a P/E ratio of 15.98 and a beta of 1.03.
Cinemark Holdings (NYSE:CNK) last released its earnings results on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The business had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Cinemark Holdings will post $2.16 earnings per share for the current fiscal year.
In other Cinemark Holdings news, insider Valmir Fernandes sold 6,000 shares of Cinemark Holdings stock in a transaction on Friday, May 12th. The shares were sold at an average price of $43.53, for a total transaction of $261,180.00. Following the completion of the sale, the insider now owns 85,505 shares of the company’s stock, valued at approximately $3,722,032.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in CNK. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cinemark Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock worth $147,000 after buying an additional 330 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Cinemark Holdings during the first quarter worth $200,000. Welch & Forbes LLC purchased a new position in shares of Cinemark Holdings during the first quarter worth $210,000. Advisors Asset Management Inc. boosted its position in shares of Cinemark Holdings by 224.8% in the second quarter. Advisors Asset Management Inc. now owns 4,752 shares of the company’s stock worth $185,000 after buying an additional 3,289 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Cinemark Holdings during the first quarter worth $213,000. 88.96% of the stock is currently owned by institutional investors.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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