Cinemark Holdings Inc. Sets New 1-Year High at $31.91 (CNK)
Cinemark Holdings (NYSE:CNK) set a new 52-week high during trading hours on Friday, StockRatingsNetwork.com reports. The company traded as high as $31.91 and last traded at $31.80, with a volume of 248,353 shares. The stock had previously closed at $31.64.
CNK has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $33.03.
In other Cinemark Holdings news, Insider Valmir Fernandes unloaded 5,860 shares of the stock on the open market in a transaction dated Friday, September 20th. The shares were sold at an average price of $31.30, for a total transaction of $183,418.00. Following the sale, the insider now directly owns 208,169 shares in the company, valued at approximately $6,515,690. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Cinemark Holdings has a one year low of $22.18 and a one year high of $31.77. The stock has a 50-day moving average of $30.69 and a 200-day moving average of $29.52. The company has a market cap of $3.598 billion and a price-to-earnings ratio of 28.50.
Cinemark Holdings (NYSE:CNK) last released its earnings data 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Cinemark Holdings will post $1.53 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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