Cinemark Holdings, Inc. (NYSE:CNK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Cinemark Holdings, Inc. (NYSE:CNK) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $32.70.

CNK has been the topic of a number of research reports. Benchmark reduced their target price on shares of Cinemark from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Cinemark in a report on Wednesday. Morgan Stanley lowered their target price on Cinemark from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday. StockNews.com raised Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Wells Fargo & Company lowered their price objective on Cinemark from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CNK. Vanguard Group Inc. increased its position in shares of Cinemark by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company’s stock valued at $387,408,000 after buying an additional 109,179 shares in the last quarter. Candlestick Capital Management LP increased its holdings in shares of Cinemark by 48.1% in the fourth quarter. Candlestick Capital Management LP now owns 4,931,618 shares of the company’s stock worth $152,782,000 after acquiring an additional 1,601,537 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Cinemark by 100.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,104,552 shares of the company’s stock worth $127,159,000 after purchasing an additional 2,054,579 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Cinemark by 12.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,801,578 shares of the company’s stock valued at $117,773,000 after purchasing an additional 430,006 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Cinemark by 14.5% in the 4th quarter. Marshall Wace LLP now owns 3,124,834 shares of the company’s stock valued at $96,807,000 after purchasing an additional 396,720 shares during the period.

Cinemark Trading Down 1.1 %

CNK stock opened at $27.47 on Monday. The business has a fifty day moving average price of $30.33 and a 200 day moving average price of $29.75. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.98 and a quick ratio of 0.96. Cinemark has a fifty-two week low of $15.74 and a fifty-two week high of $36.28. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 13.53 and a beta of 2.38.

Cinemark (NYSE:CNK) last announced its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The business had revenue of $814.30 million during the quarter, compared to analyst estimates of $797.18 million. Cinemark had a net margin of 10.16% and a return on equity of 65.83%. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.15) earnings per share. Analysts expect that Cinemark will post 1.98 EPS for the current fiscal year.

Cinemark Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. Cinemark’s dividend payout ratio is 15.76%.

Cinemark Company Profile

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.