Brokerages Set Cinemark Holdings, Inc. (NYSE:CNK) Price Target at $32.80

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.70.

CNK has been the subject of a number of research analyst reports. Wedbush reiterated a “neutral” rating and set a $32.00 price objective on shares of Cinemark in a report on Tuesday, February 18th. Macquarie reiterated an “outperform” rating and set a $35.00 price objective on shares of Cinemark in a report on Thursday. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. Morgan Stanley decreased their price objective on shares of Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on shares of Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th.

Institutional Investors Weigh In On Cinemark

Large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its position in shares of Cinemark by 100.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company’s stock worth $127,159,000 after buying an additional 2,054,579 shares during the last quarter. Candlestick Capital Management LP grew its position in shares of Cinemark by 48.1% in the 4th quarter. Candlestick Capital Management LP now owns 4,931,618 shares of the company’s stock worth $152,782,000 after buying an additional 1,601,537 shares during the last quarter. Maverick Capital Ltd. grew its position in shares of Cinemark by 1,356.4% in the 3rd quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock worth $42,255,000 after buying an additional 1,413,557 shares during the last quarter. Simcoe Capital Management LLC purchased a new position in shares of Cinemark in the 4th quarter worth approximately $37,763,000. Finally, Man Group plc purchased a new position in shares of Cinemark in the 4th quarter worth approximately $28,040,000.

Cinemark Price Performance

Cinemark stock opened at $27.47 on Monday. The firm has a 50-day moving average price of $30.24 and a 200-day moving average price of $29.82. The firm has a market capitalization of $3.36 billion, a PE ratio of 13.53 and a beta of 2.38. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.28. Cinemark has a 12-month low of $15.74 and a 12-month high of $36.28.

Cinemark (NYSE:CNK) last released its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm had revenue of $814.30 million during the quarter, compared to the consensus estimate of $797.18 million. Cinemark had a return on equity of 65.83% and a net margin of 10.16%. Cinemark’s revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.15) EPS. As a group, equities research analysts forecast that Cinemark will post 1.93 EPS for the current year.

Cinemark Announces Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. Cinemark’s dividend payout ratio is currently 15.76%.

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.