Cinemark Holdings, Inc. (NYSE:CNK) Receives $30.80 Average PT from Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $30.80.

A number of equities analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. The Goldman Sachs Group increased their target price on shares of Cinemark from $16.00 to $20.00 and gave the company a “sell” rating in a research report on Thursday, September 19th. B. Riley lowered shares of Cinemark from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a report on Tuesday, August 27th. Barrington Research upgraded Cinemark from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a report on Thursday, October 31st. Finally, StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research report on Sunday, November 10th.

Insider Buying and Selling

In other news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.68, for a total value of $817,000.00. Following the completion of the sale, the insider now directly owns 179,729 shares of the company’s stock, valued at approximately $5,873,543.72. This represents a 12.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in shares of Cinemark by 1.8% during the second quarter. Arizona State Retirement System now owns 30,636 shares of the company’s stock worth $662,000 after purchasing an additional 556 shares during the period. Natixis Advisors LLC raised its position in Cinemark by 2.9% in the third quarter. Natixis Advisors LLC now owns 20,638 shares of the company’s stock worth $575,000 after acquiring an additional 583 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Cinemark by 0.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company’s stock worth $2,209,000 after purchasing an additional 612 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 purchasing an additional 877 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Cinemark by 106.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock valued at $56,000 after purchasing an additional 1,040 shares in the last quarter.

Cinemark Trading Down 0.4 %

Shares of Cinemark stock opened at $31.84 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 1.59 and a beta of 2.35. Cinemark has a twelve month low of $13.19 and a twelve month high of $33.11. The business has a 50-day moving average price of $28.87 and a 200-day moving average price of $24.00.

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

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.