Cinemark Holdings Inc (NYSE:CNK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Cinemark Holdings Inc (NYSE:CNK) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $34.4615.

A number of equities research analysts have recently weighed in on CNK shares. Morgan Stanley lifted their price target on Cinemark from $30.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price objective on Cinemark from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Barrington Research restated an “outperform” rating and issued a $36.00 target price on shares of Cinemark in a research report on Monday, May 4th. B. Riley Financial lifted their target price on Cinemark from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $37.00 target price on shares of Cinemark in a research note on Thursday, April 23rd.

Hedge Funds Weigh In On Cinemark

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of Cinemark by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock worth $28,000 after buying an additional 507 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Cinemark in the fourth quarter valued at approximately $83,000. GAMMA Investing LLC boosted its holdings in shares of Cinemark by 51.8% in the fourth quarter. GAMMA Investing LLC now owns 4,022 shares of the company’s stock valued at $93,000 after acquiring an additional 1,372 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Cinemark during the fourth quarter valued at approximately $102,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Cinemark during the fourth quarter valued at approximately $121,000.

Cinemark Trading Up 0.2%

Shares of NYSE:CNK opened at $31.80 on Thursday. The company has a market cap of $3.71 billion, a PE ratio of 28.14 and a beta of 0.98. The company’s 50-day moving average price is $29.76 and its 200 day moving average price is $27.21. Cinemark has a fifty-two week low of $21.60 and a fifty-two week high of $34.73. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 5.03.

Cinemark (NYSE:CNK) last posted its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The firm had revenue of $643.10 million for the quarter, compared to analyst estimates of $632.74 million. During the same period in the previous year, the firm earned ($0.32) earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Sell-side analysts anticipate that Cinemark will post 2.18 earnings per share for the current year.

Cinemark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 28th. Cinemark’s payout ratio is currently 31.86%.

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.