Cinemark Holdings Inc (NYSE:CNK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Cinemark Holdings Inc (NYSE:CNK) have earned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.0769.

A number of analysts have recently commented on the company. Roth Mkm restated a “buy” rating and issued a $36.00 price objective on shares of Cinemark in a research report on Thursday, February 19th. B. Riley Financial reiterated a “neutral” rating on shares of Cinemark in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Cinemark in a report on Monday, December 29th. Morgan Stanley restated an “equal weight” rating and set a $28.00 price objective (down from $35.00) on shares of Cinemark in a research report on Thursday, December 18th. Finally, Macquarie Infrastructure decreased their price objective on shares of Cinemark from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th.

Cinemark Trading Up 5.4%

Shares of Cinemark stock opened at $27.86 on Tuesday. The firm has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $26.07. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.67 and a current ratio of 0.71. Cinemark has a fifty-two week low of $21.60 and a fifty-two week high of $34.01. The company has a market cap of $3.22 billion, a P/E ratio of 32.02 and a beta of 1.08.

Cinemark (NYSE:CNK) last posted its earnings results 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 for 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%. Cinemark’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. As a group, equities analysts predict that Cinemark will post 1.93 earnings per share for the current fiscal year.

Cinemark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, March 3rd. Cinemark’s payout ratio is presently 41.38%.

Insider Buying and Selling

In other Cinemark news, EVP Melissa Thomas sold 7,944 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.05, for a total transaction of $206,941.20. Following the completion of 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Cinemark

Several hedge funds and other institutional investors have recently made changes to their positions in CNK. Lavaca Capital LLC purchased a new stake in shares of Cinemark during the fourth quarter worth approximately $133,045,000. Marshall Wace LLP lifted its holdings in Cinemark by 758.9% in the 2nd 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 in the last quarter. Orbis Allan Gray Ltd lifted its holdings in Cinemark by 31.0% in the 4th quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company’s stock valued at $349,946,000 after purchasing an additional 3,563,810 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Cinemark during the 4th quarter worth $55,296,000. Finally, Victory Capital Management Inc. boosted its stake in Cinemark by 12,759.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,026,245 shares of the company’s stock worth $47,090,000 after purchasing an additional 2,010,488 shares during the last quarter.

About Cinemark

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.