Cinemark Holdings Inc. (NYSE:CNK) saw unusually-high trading volume on Wednesday . Approximately 1,963,452 shares traded hands during mid-day trading, an increase of 101% from the previous session’s volume of 975,870 shares.The stock last traded at $37.71 and had previously closed at $38.35.

CNK has been the subject of a number of research reports. B. Riley cut shares of Cinemark Holdings from a “buy” rating to a “neutral” rating and reduced their target price for the company from $46.25 to $41.75 in a report on Wednesday, March 30th. Wedbush upped their target price on shares of Cinemark Holdings from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, May 11th. Drexel Hamilton reaffirmed a “buy” rating on shares of Cinemark Holdings in a report on Thursday, July 7th. Zacks Investment Research upgraded shares of Cinemark Holdings from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, May 2nd. Finally, MKM Partners boosted their price target on shares of Cinemark Holdings from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, April 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.14.

The firm has a market cap of $4.36 billion and a P/E ratio of 18.85. The stock’s 50 day moving average is $35.73 and its 200 day moving average is $33.99.

Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. The business earned $704.90 million during the quarter, compared to the consensus estimate of $698.06 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Cinemark Holdings Inc. will post $1.97 EPS for the current fiscal year.

In related news, insider Valmir Fernandes sold 17,983 shares of Cinemark Holdings stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $35.78, for a total value of $643,431.74. Following the sale, the insider now directly owns 79,645 shares in the company, valued at approximately $2,849,698.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

A number of hedge funds have recently modified their holdings of CNK. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Cinemark Holdings by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,586 shares of the company’s stock valued at $1,022,000 after buying an additional 130 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Cinemark Holdings by 2.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 71,905 shares of the company’s stock valued at $2,404,000 after buying an additional 1,605 shares in the last quarter. Polaris Capital Management LLC increased its stake in shares of Cinemark Holdings by 11.6% in the fourth quarter. Polaris Capital Management LLC now owns 48,191 shares of the company’s stock valued at $1,611,000 after buying an additional 5,000 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Cinemark Holdings by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 328,443 shares of the company’s stock valued at $10,979,000 after buying an additional 8,785 shares in the last quarter. Finally, Nicholas Co. Inc. WI increased its stake in shares of Cinemark Holdings by 2.1% in the fourth quarter. Nicholas Co. Inc. WI now owns 497,595 shares of the company’s stock valued at $16,634,000 after buying an additional 10,000 shares in the last quarter.

Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.

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