Cinemark Holdings SVP Michael Cavalier Unloads 26,483 Shares (CNK)
Cinemark Holdings (NYSE:CNK) SVP Michael Cavalier sold 26,483 shares of the stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $30.66, for a total value of $811,968.78. Following the completion of the transaction, the senior vice president now directly owns 194,682 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CNK shares. Analysts at Barclays Capital raised their price target on shares of Cinemark Holdings (NYSE:CNK) from $26.00 to $30.00 in a research note to investors on Thursday, August 22nd. Separately, analysts at Wunderlich raised their price target on shares of Cinemark Holdings (NYSE:CNK) from $34.00 to $37.00 in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock.
Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cinemark Holdings currently has an average rating of “Buy” and a consensus target price of $33.03.
Cinemark Holdings (NYSE:CNK) traded up 0.29% on Friday, hitting $30.78. The stock had a trading volume of 226,118 shares. Cinemark Holdings has a 1-year low of $22.18 and a 1-year high of $31.77. The stock has a 50-day moving average of $30.28 and a 200-day moving average of $29.26. The company has a market cap of $3.509 billion and a price-to-earnings ratio of 27.65.
Cinemark Holdings (NYSE:CNK) last announced its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.33. The company had revenue of $725.60 million for the quarter, compared to the consensus estimate of $710.81 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Cinemark Holdings will post $1.52 EPS for the current fiscal year.
Cinemark Holdings, Inc , is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala.
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