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

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $26.00.

CNK has been the subject of a number of analyst reports. Barrington Research downgraded shares of Cinemark from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 28th. Benchmark restated a “buy” rating and issued a $23.00 price objective on shares of Cinemark in a research report on Monday, July 1st. Roth Mkm boosted their target price on Cinemark from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group raised their price target on Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a report on Thursday, September 19th. Finally, B. Riley cut Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research report on Tuesday, August 27th.

Cinemark Stock Performance

NYSE CNK opened at $27.44 on Friday. The firm has a market cap of $3.36 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.07 and a beta of 2.36. Cinemark has a 52-week low of $13.19 and a 52-week high of $29.07. The business’s 50-day moving average price is $26.39 and its 200 day moving average price is $21.33. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 6.23.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, August 2nd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.25. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The company had revenue of $734.20 million for the quarter, compared to the consensus estimate of $691.74 million. During the same period last year, the business posted $0.80 EPS. The company’s revenue was down 22.1% on a year-over-year basis. On average, equities research analysts expect that Cinemark will post 1.33 earnings per share for the current year.

Insider Activity

In related news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.19, for a total value of $679,750.00. Following the sale, the insider now directly owns 204,729 shares of the company’s stock, valued at approximately $5,566,581.51. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

Large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of 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 acquiring an additional 877 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Cinemark in the 2nd quarter valued at about $79,000. Fifth Third Bancorp lifted its holdings in Cinemark by 414.4% in the 2nd quarter. Fifth Third Bancorp now owns 4,480 shares of the company’s stock valued at $97,000 after purchasing an additional 3,609 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Cinemark during the 2nd quarter worth about $144,000. Finally, Virtu Financial LLC purchased a new stake in shares of Cinemark during the fourth quarter worth about $192,000.

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.