Cinemark Holdings Inc (NYSE:CNK) Short Interest Update

Cinemark Holdings Inc (NYSE:CNK) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 12,451,651 shares, an increase of 16.4% from the February 12th total of 10,701,093 shares. Approximately 11.0% of the shares of the stock are short sold. Based on an average trading volume of 3,414,158 shares, the days-to-cover ratio is presently 3.6 days. Based on an average trading volume of 3,414,158 shares, the days-to-cover ratio is presently 3.6 days. Approximately 11.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CNK shares. Wells Fargo & Company dropped their price target on Cinemark from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. UBS Group upgraded Cinemark to a “buy” rating in a research report on Tuesday, January 20th. Macquarie Infrastructure lowered their price objective on Cinemark from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Barrington Research restated an “outperform” rating and issued a $32.00 target price on shares of Cinemark in a report on Thursday, February 19th. Finally, Roth Mkm reiterated a “buy” rating and set a $36.00 price target on shares of Cinemark in a report on Thursday, February 19th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.08.

Insiders Place Their Bets

In related news, EVP Melissa Thomas sold 7,944 shares of Cinemark stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.05, for a total value of $206,941.20. Following the sale, the executive vice president directly owned 159,416 shares in the company, valued at approximately $4,152,786.80. The trade was a 4.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Cinemark

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Orbis Allan Gray Ltd lifted its position in shares of Cinemark by 31.0% during the fourth quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company’s stock worth $349,946,000 after purchasing an additional 3,563,810 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Cinemark by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 9,536,900 shares of the company’s stock worth $221,638,000 after acquiring an additional 742,307 shares in the last quarter. Lavaca Capital LLC acquired a new stake in shares of Cinemark in the fourth quarter valued at $133,045,000. Marshall Wace LLP boosted its holdings in Cinemark by 758.9% in the second quarter. Marshall Wace LLP now owns 4,497,305 shares of the company’s stock valued at $135,729,000 after purchasing an additional 3,973,689 shares during the period. Finally, State Street Corp boosted its holdings in Cinemark by 1.5% in the fourth quarter. State Street Corp now owns 3,950,606 shares of the company’s stock valued at $91,812,000 after purchasing an additional 60,176 shares during the period.

Cinemark Stock Down 0.3%

Shares of NYSE CNK opened at $26.67 on Thursday. The company has a market capitalization of $3.08 billion, a P/E ratio of 30.66 and a beta of 1.08. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.71 and a quick ratio of 0.67. The company has a 50 day simple moving average of $25.41 and a 200-day simple moving average of $26.04. Cinemark has a 1 year low of $21.60 and a 1 year high of $34.01.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $776.30 million during the quarter, compared to analyst estimates of $778.41 million. Cinemark had a net margin of 4.44% and a return on equity of 34.11%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, equities research analysts predict that Cinemark will post 1.93 earnings per share for the current year.

Cinemark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.3%. Cinemark’s dividend payout ratio is currently 41.38%.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.