Cinemark Holdings Inc. (CNK) Shares Gap Up to $36.72
Shares of Cinemark Holdings Inc. (NYSE:CNK) gapped up before the market opened on Thursday . The stock had previously closed at $36.48, but opened at $36.72. Cinemark Holdings shares last traded at $37.52, with a volume of 362,593 shares.
Several analysts have recently issued reports on CNK shares. Drexel Hamilton reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Thursday, July 7th. Stifel Nicolaus reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Friday, June 10th. Zacks Investment Research upgraded Cinemark Holdings from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Monday, May 2nd. MKM Partners upped their price target on Cinemark Holdings from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, April 25th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Sunday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.72.
The stock has a 50-day moving average price of $36.27 and a 200 day moving average price of $34.20. The company has a market capitalization of $4.33 billion and a price-to-earnings ratio of 18.74.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. During the same period last year, the firm earned $0.37 EPS. The business had revenue of $704.90 million for the quarter, compared to analyst estimates of $698.06 million. Cinemark Holdings’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities analysts predict that Cinemark Holdings Inc. will post $1.96 earnings per share for the current year.
In other Cinemark Holdings news, insider Valmir Fernandes sold 28,679 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $35.25, for a total transaction of $1,010,934.75. Following the transaction, the insider now owns 112,507 shares of the company’s stock, valued at $3,965,871.75. The sale was disclosed in a document filed with the SEC, which is available through this link.
Several large investors have recently modified their holdings of the company. Nicholas Co. Inc. WI boosted 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 worth $16,634,000 after buying an additional 10,000 shares in the last quarter. Pear Tree Advisors Inc. purchased a new stake in shares of Cinemark Holdings during the fourth quarter worth about $1,611,000. Trexquant Investment LP boosted its stake in shares of Cinemark Holdings by 26.3% in the fourth quarter. Trexquant Investment LP now owns 79,698 shares of the company’s stock worth $2,664,000 after buying an additional 16,585 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Cinemark Holdings by 4.8% in the fourth quarter. Hodges Capital Management Inc. now owns 1,175,926 shares of the company’s stock worth $39,311,000 after buying an additional 53,600 shares in the last quarter. Finally, Polaris Capital Management LLC boosted 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 worth $1,611,000 after buying an additional 5,000 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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