Cinemark Holdings Inc. (CNK) Trading 1.8% Higher
Shares of Cinemark Holdings Inc. (NYSE:CNK) traded up 1.8% on Wednesday . The stock traded as high as $38.66 and last traded at $38.59, with a volume of 289,617 shares. The stock had previously closed at $37.90.
Several analysts recently weighed in on the company. Credit Suisse Group AG reissued a “neutral” rating and set a $33.00 price target on shares of Cinemark Holdings in a report on Sunday, June 12th. B. Riley restated a “neutral” rating and set a $41.75 price objective on shares of Cinemark Holdings in a research note on Monday, May 9th. Drexel Hamilton restated a “buy” rating on shares of Cinemark Holdings in a research note on Thursday, July 7th. Wedbush raised their price objective on Cinemark Holdings from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 11th. Finally, MKM Partners raised their price objective on Cinemark Holdings from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.57.
The company has a market cap of $4.45 billion and a PE ratio of 20.61. The company has a 50-day moving average of $37.50 and a 200 day moving average of $35.07.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. During the same quarter in the previous year, the business earned $0.61 EPS. The company earned $744.40 million during the quarter, compared to the consensus estimate of $746.05 million. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, analysts anticipate that Cinemark Holdings Inc. will post $1.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Wednesday, August 31st will be given a $0.27 dividend. The ex-dividend date is Monday, August 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.80%.
In related news, insider Valmir Fernandes sold 17,983 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $35.78, for a total value of $643,431.74. Following the transaction, the insider now owns 79,645 shares of the company’s stock, valued at $2,849,698.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
A hedge fund recently raised its stake in Cinemark Holdings stock. Principal Financial Group Inc. boosted its position in shares of Cinemark Holdings Inc. (NYSE:CNK) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 328,443 shares of the company’s stock after buying an additional 8,785 shares during the period. Principal Financial Group Inc. owned approximately 0.29% of Cinemark Holdings worth $10,979,000 at the end of the most recent reporting period.
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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