Cinemark Holdings, Inc. (NYSE:CNK) Receives Consensus Rating of “Moderate Buy” from Analysts

Cinemark Holdings, Inc. (NYSE:CNK) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.80.

A number of equities research analysts have recently commented on CNK shares. Morgan Stanley lifted their price objective on Cinemark from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company boosted their price target on Cinemark from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Macquarie boosted their price target on Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wedbush downgraded Cinemark from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st.

Cinemark Price Performance

Shares of NYSE:CNK opened at $31.79 on Friday. The company has a market cap of $3.89 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.64 and a beta of 2.35. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. Cinemark has a 52 week low of $13.19 and a 52 week high of $33.11. The business has a fifty day simple moving average of $28.72 and a 200-day simple moving average of $23.89.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. The business had revenue of $921.80 million during the quarter, compared to the consensus estimate of $894.90 million. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. Equities research analysts forecast that Cinemark will post 2 EPS for the current year.

Insiders Place Their Bets

In related news, insider Valmir Fernandes sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total value of $817,000.00. Following the transaction, the insider now owns 179,729 shares in the company, valued at approximately $5,873,543.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Arizona State Retirement System lifted its stake in shares of Cinemark by 1.8% in the second quarter. Arizona State Retirement System now owns 30,636 shares of the company’s stock worth $662,000 after acquiring an additional 556 shares in the last quarter. Natixis Advisors LLC increased its holdings in Cinemark by 2.9% in the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock valued at $575,000 after buying an additional 583 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Cinemark by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company’s stock valued at $2,209,000 after buying an additional 612 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Cinemark by 38.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock valued at $68,000 after buying an additional 877 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Cinemark by 106.1% in the third quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock valued at $56,000 after buying an additional 1,040 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.