Cinemark Holdings Inc (NYSE:CNK) has been assigned a $42.00 price target by research analysts at Wedbush in a research report issued on Monday. The brokerage currently has a “buy” rating on the stock. Wedbush’s price target would suggest a potential upside of 15.58% from the company’s current price.
A number of other research firms also recently commented on CNK. B. Riley restated a “buy” rating and issued a $51.00 target price on shares of Cinemark Holdings in a research report on Monday, July 31st. Barrington Research reduced their target price on Cinemark Holdings from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Zacks Investment Research downgraded Cinemark Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. ValuEngine downgraded Cinemark Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $43.00 target price on shares of Cinemark Holdings in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Cinemark Holdings presently has an average rating of “Hold” and an average price target of $41.85.
Cinemark Holdings (CNK) opened at 36.34 on Monday. The company has a market cap of $4.21 billion, a P/E ratio of 15.53 and a beta of 1.10. The firm has a 50-day moving average price of $36.12 and a 200 day moving average price of $38.20. Cinemark Holdings has a 12 month low of $32.03 and a 12 month high of $44.84.
Cinemark Holdings (NYSE:CNK) last posted its earnings results on Friday, August 4th. The company reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company had revenue of $751.20 million for the quarter, compared to the consensus estimate of $751.72 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Cinemark Holdings will post $2.06 EPS for the current year.
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In related news, CEO Mark Zoradi bought 5,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of $32.83 per share, with a total value of $164,150.00. Following the purchase, the chief executive officer now directly owns 167,456 shares of the company’s stock, valued at approximately $5,497,580.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNK. Victory Capital Management Inc. grew its stake in Cinemark Holdings by 1,771.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,510,900 shares of the company’s stock worth $127,129,000 after purchasing an additional 3,323,302 shares in the last quarter. FMR LLC grew its stake in Cinemark Holdings by 17.5% during the 2nd quarter. FMR LLC now owns 11,685,034 shares of the company’s stock worth $453,963,000 after purchasing an additional 1,742,861 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Cinemark Holdings by 5,955.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock worth $40,236,000 after purchasing an additional 1,085,334 shares in the last quarter. Jennison Associates LLC grew its stake in Cinemark Holdings by 32.9% during the 2nd quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock worth $154,960,000 after purchasing an additional 988,361 shares in the last quarter. Finally, AXA grew its stake in Cinemark Holdings by 1,227.3% during the 2nd quarter. AXA now owns 504,240 shares of the company’s stock worth $19,590,000 after purchasing an additional 466,250 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.
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.
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