Cinemark Holdings, Inc. (NYSE:CNK) saw unusually large options trading on Wednesday. Stock investors bought 520 call options on the stock. This represents an increase of 654% compared to the average daily volume of 69 call options.
Cinemark (NYSE:CNK) opened at $37.59 on Friday. The firm has a market capitalization of $4,380.00, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50. Cinemark has a fifty-two week low of $32.03 and a fifty-two week high of $44.84.
Several research firms recently issued reports on CNK. Zacks Investment Research upgraded Cinemark from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Thursday, February 1st. Morgan Stanley boosted their price target on Cinemark from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Wedbush set a $42.00 price target on Cinemark and gave the company a “buy” rating in a research note on Monday, October 30th. B. Riley restated a “buy” rating and issued a $47.00 price target on shares of Cinemark in a research note on Tuesday, December 5th. Finally, MKM Partners reduced their price target on Cinemark to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $41.61.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cable Hill Partners LLC raised its holdings in shares of Cinemark by 3,300.0% during the 3rd quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock worth $107,000 after buying an additional 2,871 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Cinemark during the 4th quarter worth $118,000. Ffcm LLC acquired a new position in shares of Cinemark during the 3rd quarter worth $125,000. Zions Bancorporation acquired a new position in shares of Cinemark during the 3rd quarter worth $125,000. Finally, Advisor Group Inc. raised its holdings 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 buying an additional 84 shares in the last quarter. 91.90% of the stock is owned by hedge funds and other institutional investors.
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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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