Cinemark Holdings, Inc. (NYSE:CNK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a 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 $20.11.

A number of analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $22.00 target price on shares of Cinemark in a report on Wednesday, April 10th. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Cinemark in a report on Monday, April 22nd. Roth Mkm lifted their price objective on Cinemark from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on Cinemark from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, B. Riley cut Cinemark from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $15.00 in a report on Tuesday, January 2nd.

Insider Transactions at Cinemark

In related news, insider Wanda Marie Gierhart sold 19,593 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total transaction of $328,182.75. Following the transaction, the insider now directly owns 179,591 shares of the company’s stock, valued at approximately $3,008,149.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Cinemark

Several institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. lifted its stake in Cinemark by 17.2% in the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company’s stock worth $67,000 after purchasing an additional 700 shares during the last quarter. Watershed Asset Management L.L.C. increased its holdings in shares of Cinemark by 6.2% in the fourth quarter. Watershed Asset Management L.L.C. now owns 15,658 shares of the company’s stock worth $221,000 after buying an additional 915 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Cinemark by 1.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 58,368 shares of the company’s stock valued at $1,071,000 after acquiring an additional 967 shares during the last quarter. First National Bank of Hutchinson boosted its holdings in Cinemark by 1.4% during the 3rd quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock valued at $1,282,000 after acquiring an additional 989 shares during the period. Finally, Natixis Advisors L.P. boosted its holdings in Cinemark by 5.9% during the 3rd quarter. Natixis Advisors L.P. now owns 22,210 shares of the company’s stock valued at $408,000 after acquiring an additional 1,241 shares during the period.

Cinemark Trading Down 0.6 %

NYSE:CNK opened at $17.54 on Tuesday. The company has a market cap of $2.13 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.08 and a beta of 2.27. Cinemark has a 1 year low of $13.19 and a 1 year high of $20.40. The company has a debt-to-equity ratio of 7.73, a current ratio of 1.45 and a quick ratio of 1.42. The stock’s fifty day moving average price is $17.81 and its two-hundred day moving average price is $15.82.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, February 16th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Cinemark had a return on equity of 72.91% and a net margin of 6.14%. The company had revenue of $638.90 million for the quarter, compared to analysts’ expectations of $619.67 million. During the same period last year, the company posted ($0.82) EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts expect that Cinemark will post 0.85 EPS for the current year.

About Cinemark

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.