Cinemark (NYSE:CNK) PT Raised to $33.00

Cinemark (NYSE:CNK) had its target price raised by Roth Mkm from $30.00 to $33.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

CNK has been the topic of several other research reports. Benchmark reaffirmed a buy rating and issued a $23.00 target price on shares of Cinemark in a research note on Monday, July 1st. Roth Capital raised shares of Cinemark from a hold rating to a strong-buy rating in a research note on Monday, June 24th. Barrington Research lowered shares of Cinemark from an outperform rating to a market perform rating in a research note on Wednesday, August 28th. B. Riley downgraded shares of Cinemark from a buy rating to a neutral rating and set a $31.00 price target on the stock. in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded shares of Cinemark from a sell rating to a hold rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cinemark has an average rating of Moderate Buy and an average target price of $27.70.

Cinemark Stock Up 3.7 %

Shares of NYSE:CNK opened at $29.68 on Thursday. Cinemark has a 12 month low of $13.19 and a 12 month high of $29.87. The company’s 50-day moving average price is $27.52 and its two-hundred day moving average price is $22.08. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 6.23. The firm has a market cap of $3.63 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.94 and a beta of 2.36.

Cinemark (NYSE:CNK) last issued its earnings results on Friday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.25. The company had revenue of $734.20 million for the quarter, compared to analyst estimates of $691.74 million. Cinemark had a net margin of 5.05% and a return on equity of 41.87%. The company’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. As a group, research analysts forecast that Cinemark will post 1.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.19, for a total transaction of $679,750.00. Following the sale, the insider now directly owns 204,729 shares in the company, valued at approximately $5,566,581.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Cinemark

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in Cinemark by 106.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after buying an additional 1,040 shares during the period. USA Financial Formulas bought a new position in shares of Cinemark during the 3rd quarter worth approximately $77,000. CWM LLC grew its stake in shares of Cinemark by 134.4% during the 3rd quarter. CWM LLC now owns 2,993 shares of the company’s stock worth $83,000 after acquiring an additional 1,716 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Cinemark by 38.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after acquiring an additional 877 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Cinemark during the 2nd quarter worth approximately $79,000.

Cinemark Company Profile

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.