Cinemark Holdings Inc. (CNK) Given Consensus Rating of “Hold” by Brokerages
Cinemark Holdings Inc. (NYSE:CNK) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $41.14.
Several equities research analysts recently weighed in on the stock. Loop Capital reaffirmed a “buy” rating and set a $44.00 target price on shares of Cinemark Holdings in a research note on Tuesday, October 4th. Wedbush reaffirmed a “neutral” rating and set a $40.00 target price on shares of Cinemark Holdings in a research note on Thursday, September 22nd. B. Riley reaffirmed a “buy” rating and set a $47.00 target price on shares of Cinemark Holdings in a research note on Sunday, August 14th. Wunderlich upped their target price on shares of Cinemark Holdings from $40.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Drexel Hamilton downgraded shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research note on Wednesday, August 10th.
Cinemark Holdings (NYSE:CNK) traded up 0.10% during midday trading on Wednesday, hitting $39.55. 88,069 shares of the stock traded hands. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 21.16 and a beta of 1.01. The company has a 50-day moving average price of $38.55 and a 200 day moving average price of $36.57. Cinemark Holdings has a one year low of $26.56 and a one year high of $40.19.
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Cinemark Holdings (NYSE:CNK) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. The company earned $744.40 million during the quarter, compared to analysts’ expectations of $746.05 million. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. Cinemark Holdings’s revenue was down 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Equities research analysts anticipate that Cinemark Holdings will post $1.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Wednesday, August 31st were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, August 29th. Cinemark Holdings’s payout ratio is 58.06%.
Hedge funds have recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock worth $122,000 after buying an additional 1,672 shares in the last quarter. Advisor Group Inc. acquired a new stake in shares of Cinemark Holdings during the second quarter worth $121,000. Cantab Capital Partners LLP acquired a new stake in shares of Cinemark Holdings during the second quarter worth $161,000. Park National Corp OH acquired a new stake in shares of Cinemark Holdings during the second quarter worth $203,000. Finally, Advance Capital I Inc. acquired a new stake in shares of Cinemark Holdings during the second quarter worth $204,000. Hedge funds and other institutional investors own 88.53% of the company’s stock.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
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