Cinemark (NYSE:CNK) Stock Rating Reaffirmed by Barrington Research

Barrington Research reiterated their outperform rating on shares of Cinemark (NYSE:CNK) in a research note published on Monday morning, Benzinga reports. The brokerage currently has a $24.00 price target on the stock.

A number of other equities research analysts also recently weighed in on CNK. Roth Mkm lifted their target price on Cinemark from $17.00 to $19.00 and gave the stock a neutral rating in a report on Wednesday, April 10th. Benchmark reissued a buy rating and set a $22.00 target price on shares of Cinemark in a report on Wednesday, April 10th. Wedbush boosted their price target on Cinemark from $20.00 to $23.00 and gave the company an outperform rating in a research note on Thursday, April 18th. The Goldman Sachs Group dropped their price target on Cinemark from $16.00 to $12.00 and set a sell rating for the company in a research note on Thursday, January 11th. Finally, B. Riley downgraded Cinemark from a buy rating to a neutral rating and dropped their price target for the company from $23.00 to $15.00 in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Cinemark has an average rating of Hold and a consensus price target of $20.11.

Cinemark Stock Down 0.6 %

CNK opened at $17.72 on Monday. Cinemark has a fifty-two week low of $13.19 and a fifty-two week high of $20.40. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.42 and a current ratio of 1.45. The company has a market capitalization of $2.15 billion, a P/E ratio of 14.41, a P/E/G ratio of 2.11 and a beta of 2.27. The stock has a fifty day moving average of $17.75 and a 200-day moving average of $15.86.

Cinemark (NYSE:CNK) last posted its earnings results on Friday, February 16th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The firm had revenue of $638.90 million for the quarter, compared to analyst estimates of $619.67 million. During the same period in the prior year, the business posted ($0.82) EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that Cinemark will post 0.85 EPS for the current year.

Insider Buying and Selling at Cinemark

In other Cinemark news, insider Wanda Marie Gierhart sold 19,593 shares of Cinemark stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total value of $328,182.75. Following the transaction, the insider now owns 179,591 shares in the company, valued at $3,008,149.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CNK. Commonwealth Equity Services LLC grew its position in Cinemark by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 320,879 shares of the company’s stock valued at $5,888,000 after acquiring an additional 13,720 shares during the last quarter. Tectonic Advisors LLC grew its holdings in shares of Cinemark by 7.7% during the third quarter. Tectonic Advisors LLC now owns 45,670 shares of the company’s stock worth $838,000 after purchasing an additional 3,260 shares during the last quarter. First National Bank of Hutchinson grew its holdings in shares of Cinemark by 1.4% during the third quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock worth $1,282,000 after purchasing an additional 989 shares during the last quarter. Mitchell Capital Management Co. grew its holdings in shares of Cinemark by 0.4% during the third quarter. Mitchell Capital Management Co. now owns 387,784 shares of the company’s stock worth $7,116,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Capula Management Ltd grew its holdings in shares of Cinemark by 53.4% during the third quarter. Capula Management Ltd now owns 57,040 shares of the company’s stock worth $1,047,000 after purchasing an additional 19,860 shares during the last quarter.

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.