Cinemark Holdings CEO Timothy Warner Sells 40,424 Shares (CNK)
Cinemark Holdings (NYSE:CNK) CEO Timothy Warner sold 40,424 shares of Cinemark Holdings stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $34.83, for a total transaction of $1,407,967.92. Following the sale, the chief executive officer now directly owns 232,355 shares of the company’s stock, valued at approximately $8,092,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CNK. Analysts at MKM Partners raised their price target on shares of Cinemark Holdings from $34.00 to $40.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Separately, analysts at Hudson Square Research initiated coverage on shares of Cinemark Holdings in a research note on Monday, July 7th. They set a “buy” rating on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Cinemark Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 7th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cinemark Holdings currently has an average rating of “Buy” and an average target price of $37.43.
Cinemark Holdings (NYSE:CNK) traded up 0.89% during mid-day trading on Friday, hitting $35.06. 260,127 shares of the company’s stock traded hands. Cinemark Holdings has a 52 week low of $27.29 and a 52 week high of $35.96. The stock has a 50-day moving average of $33.99 and a 200-day moving average of $30.85. The company has a market cap of $4.025 billion and a P/E ratio of 19.86.
Cinemark Holdings (NYSE:CNK) last announced its earnings results on Tuesday, August 5th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.14. The company had revenue of $717.90 million for the quarter, compared to the consensus estimate of $706.42 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts predict that Cinemark Holdings will post $1.74 earnings per share for the current fiscal year.
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres. The Company manages its business in two segments: United States markets and international markets.
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