Cinemark Holdings Inc (CNK) Given Average Recommendation of “Hold” by Brokerages

Shares of Cinemark Holdings Inc (NYSE:CNK) have been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $42.17.

CNK has been the subject of a number of recent analyst reports. J P Morgan Chase & Co decreased their price target on Cinemark from $47.00 to $42.00 in a research report on Tuesday, August 22nd. MKM Partners reiterated a “buy” rating and issued a $46.00 price target on shares of Cinemark in a research report on Monday, September 18th. Piper Jaffray Companies reiterated a “buy” rating on shares of Cinemark in a research report on Sunday, September 17th. Wedbush reiterated a “buy” rating on shares of Cinemark in a research report on Monday, August 7th. Finally, BidaskClub upgraded Cinemark from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.

In other Cinemark news, CEO Mark Zoradi acquired 5,000 shares of Cinemark stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average cost of $32.19 per share, with a total value of $160,950.00. Following the purchase, the chief executive officer now owns 172,456 shares in the company, valued at $5,551,358.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CNK. Cable Hill Partners LLC lifted its stake in Cinemark by 3,300.0% in the 3rd quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock worth $107,000 after acquiring an additional 2,871 shares in the last quarter. Ffcm LLC purchased a new stake in Cinemark in the 3rd quarter worth about $125,000. Zions Bancorporation purchased a new stake in Cinemark in the 3rd quarter worth about $125,000. Advisor Group Inc. raised its stake in shares of Cinemark by 2.3% during the 2nd quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock worth $145,000 after purchasing an additional 84 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Cinemark during the 2nd quarter worth about $146,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Cinemark (NYSE:CNK) opened at $35.85 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.46. Cinemark has a 1 year low of $32.03 and a 1 year high of $44.84. The firm has a market capitalization of $4,175.34, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.19 and a beta of 1.18.

Cinemark (NYSE:CNK) last released its quarterly earnings results on Friday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The company had revenue of $710.70 million during the quarter, compared to analyst estimates of $702.60 million. During the same quarter last year, the business earned $0.56 EPS. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. research analysts expect that Cinemark will post 2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, November 30th. Cinemark’s dividend payout ratio is currently 54.98%.

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Cinemark 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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