Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cinemark (CNK) Stock Price

News headlines about Cinemark (NYSE:CNK) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cinemark earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.5512101823631 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Cinemark (CNK) traded up $0.12 during trading on Monday, reaching $34.95. The company’s stock had a trading volume of 837,964 shares, compared to its average volume of 1,100,000. Cinemark has a 52 week low of $32.03 and a 52 week high of $44.84. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50. The firm has a market cap of $4,070.00, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, November 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Cinemark had a return on equity of 18.43% and a net margin of 8.36%. The company had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. During the same period in the previous year, the business posted $0.56 earnings per share. The firm’s revenue was down 7.5% compared to the same quarter last year. equities analysts predict that Cinemark will post 1.94 EPS for the current year.

CNK has been the subject of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $47.00 target price on shares of Cinemark in a research report on Tuesday, December 5th. Wedbush set a $42.00 price objective on Cinemark and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Zacks Investment Research raised Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Morgan Stanley raised Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price objective for the company in a research report on Thursday, October 5th. Finally, Royal Bank of Canada decreased their price objective on Cinemark from $43.00 to $40.00 and set a “sector perform” rating for the company in a research report on Monday, September 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Cinemark presently has an average rating of “Hold” and a consensus price target of $41.65.

In other news, EVP Tom Owens sold 9,213 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the transaction, the executive vice president now directly owns 42,722 shares of the company’s stock, valued at approximately $1,537,992. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lee Roy Mitchell sold 174,607 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $36.72, for a total value of $6,411,569.04. Following the transaction, the director now directly owns 5,528,843 shares of the company’s stock, valued at $203,019,114.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 483,820 shares of company stock valued at $17,672,093. Company insiders own 9.10% of the company’s stock.

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About Cinemark

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.

Insider Buying and Selling by Quarter for Cinemark (NYSE:CNK)

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