Cinemark Holdings Inc (CNK) Reaches New 52-Week Low at $33.88
Cinemark Holdings Inc (NYSE:CNK)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $33.88 and last traded at $33.94, with a volume of 718,289 shares changing hands. The stock had previously closed at $34.52.
Several equities research analysts recently weighed in on the company. BidaskClub raised Cinemark Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Wedbush reissued a “buy” rating on shares of Cinemark Holdings in a report on Monday, August 7th. Moffett Nathanson downgraded Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective on the stock. in a report on Monday, June 12th. B. Riley reissued a “buy” rating and set a $53.50 price objective on shares of Cinemark Holdings in a report on Thursday, April 27th. Finally, J P Morgan Chase & Co cut their price objective on Cinemark Holdings from $47.00 to $42.00 in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Cinemark Holdings currently has an average rating of “Hold” and a consensus target price of $43.06.
The company has a 50-day moving average of $37.69 and a 200 day moving average of $40.90. The company has a market cap of $3.98 billion, a PE ratio of 14.69 and a beta of 1.03.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The business had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, analysts anticipate that Cinemark Holdings Inc will post $2.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.16 annualized dividend and a yield of 3.37%. Cinemark Holdings’s payout ratio is 49.57%.
Hedge funds have recently bought and sold shares of the stock. BB&T Corp raised its stake in Cinemark Holdings by 0.3% in the second quarter. BB&T Corp now owns 23,182 shares of the company’s stock valued at $900,000 after buying an additional 70 shares during the last quarter. Advisor Group Inc. raised its stake in Cinemark Holdings by 2.3% in the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after buying an additional 84 shares during the last quarter. Smithfield Trust Co. raised its stake in Cinemark Holdings by 1.5% in the second quarter. Smithfield Trust Co. now owns 5,730 shares of the company’s stock valued at $223,000 after buying an additional 87 shares during the last quarter. Atria Investments LLC raised its stake in Cinemark Holdings by 1.6% in the second quarter. Atria Investments LLC now owns 6,045 shares of the company’s stock valued at $235,000 after buying an additional 96 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in Cinemark Holdings by 0.5% in the second quarter. Utah Retirement Systems now owns 19,400 shares of the company’s stock valued at $754,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.