Cinemark Holdings Insider Valmir Fernandes Unloads 24,141 Shares (CNK)
Cinemark Holdings (NYSE:CNK) Insider Valmir Fernandes sold 24,141 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $35.01, for a total transaction of $845,176.41. Following the completion of the sale, the insider now directly owns 158,663 shares of the company’s stock, valued at approximately $5,554,792. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Cinemark Holdings (NYSE:CNK) traded up 0.92% on Friday, hitting $35.07. 260,227 shares of the company’s stock traded hands. Cinemark Holdings has a 1-year low of $27.29 and a 1-year 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 $4.027 billion and a price-to-earnings ratio of 19.86.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data 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.
Several analysts have recently commented on the stock. 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 given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $37.43.
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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