Cinemark Holdings, Inc. (NYSE:CNK) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 14,168,800 shares, a growth of 34.6% from the June 30th total of 10,524,500 shares. Approximately 13.4% of the shares of the stock are sold short. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 12.3 days.

A number of research firms have recently commented on CNK. ValuEngine upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Credit Suisse Group started coverage on shares of Cinemark in a report on Friday, July 19th. They issued an “outperform” rating and a $43.00 price target on the stock. Wedbush reiterated a “buy” rating and issued a $49.00 price target on shares of Cinemark in a report on Friday, August 2nd. Loop Capital raised shares of Cinemark from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, July 3rd. Finally, Morgan Stanley dropped their price objective on shares of Cinemark from $41.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cinemark currently has a consensus rating of “Buy” and a consensus price target of $44.00.

In other news, CFO Sean Gamble sold 5,669 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $41.50, for a total value of $235,263.50. Following the transaction, the chief financial officer now owns 126,025 shares of the company’s stock, valued at $5,230,037.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Cinemark by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the company’s stock worth $1,140,000 after purchasing an additional 300 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Cinemark by 1.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,690 shares of the company’s stock worth $711,000 after acquiring an additional 310 shares during the last quarter. 6 Meridian grew its holdings in shares of Cinemark by 2.6% during the second quarter. 6 Meridian now owns 12,206 shares of the company’s stock valued at $441,000 after buying an additional 315 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Cinemark by 6.9% during the second quarter. Advisory Services Network LLC now owns 5,486 shares of the company’s stock valued at $198,000 after buying an additional 352 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Cinemark by 1.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 42,334 shares of the company’s stock valued at $1,693,000 after purchasing an additional 422 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

CNK stock traded down $1.51 on Wednesday, reaching $36.62. 38,964 shares of the company’s stock were exchanged, compared to its average volume of 1,162,037. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.92 and a current ratio of 0.95. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.13 and a beta of 0.71. Cinemark has a twelve month low of $34.49 and a twelve month high of $43.51. The company has a fifty day moving average of $38.03.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.06. Cinemark had a return on equity of 13.75% and a net margin of 6.31%. The business had revenue of $957.76 million for the quarter, compared to the consensus estimate of $906.57 million. On average, equities research analysts forecast that Cinemark will post 2.35 EPS for the current fiscal year.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.

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