Cinemark Holdings Inc (NYSE:CNK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Cinemark Holdings Inc (NYSE:CNK) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $32.0769.

A number of brokerages have commented on CNK. Wall Street Zen upgraded Cinemark from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Benchmark reiterated a “buy” rating on shares of Cinemark in a report on Thursday, February 19th. Barrington Research restated an “outperform” rating and issued a $32.00 price target on shares of Cinemark in a report on Thursday, February 19th. Moffett Nathanson raised shares of Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 20th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Cinemark in a research note on Thursday, February 19th.

Insider Buying and Selling

In other Cinemark news, EVP Melissa Thomas sold 22,082 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.81, for a total value of $547,854.42. Following the completion of the transaction, the executive vice president directly owned 167,360 shares of the company’s stock, valued at $4,152,201.60. This represents a 11.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Lavaca Capital LLC acquired a new stake in Cinemark during the 4th quarter valued at approximately $133,045,000. Marshall Wace LLP boosted its stake in shares of Cinemark by 758.9% during the 2nd quarter. Marshall Wace LLP now owns 4,497,305 shares of the company’s stock valued at $135,729,000 after buying an additional 3,973,689 shares during the last quarter. Orbis Allan Gray Ltd grew its position in shares of Cinemark by 31.0% during the fourth quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company’s stock worth $349,946,000 after buying an additional 3,563,810 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Cinemark during the fourth quarter worth approximately $55,296,000. Finally, Victory Capital Management Inc. increased its stake in shares of Cinemark by 12,759.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,026,245 shares of the company’s stock worth $47,090,000 after buying an additional 2,010,488 shares during the last quarter.

Cinemark Price Performance

CNK opened at $28.24 on Friday. Cinemark has a 52-week low of $21.60 and a 52-week high of $34.01. The company has a 50 day moving average of $24.79 and a two-hundred day moving average of $26.02. The company has a market cap of $3.26 billion, a P/E ratio of 32.46 and a beta of 1.08. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 4.74.

Cinemark (NYSE:CNK) last posted its earnings results on Wednesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). Cinemark had a net margin of 4.44% and a return on equity of 34.11%. The business had revenue of $776.30 million for the quarter, compared to analyst estimates of $778.41 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. On average, analysts expect that Cinemark will post 1.93 earnings per share for the current year.

Cinemark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $0.36 annualized dividend and a yield of 1.3%. Cinemark’s payout ratio is 41.38%.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.