Cinemark Holdings Inc (CNK) Given Consensus Rating of “Hold” by Brokerages
Shares of Cinemark Holdings Inc (NYSE:CNK) have been given a consensus rating of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $42.61.
Several analysts have recently weighed in on the stock. J P Morgan Chase & Co dropped their price target on shares of Cinemark Holdings from $47.00 to $42.00 in a research note on Tuesday. BidaskClub cut shares of Cinemark Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. B. Riley reaffirmed a “buyl” rating on shares of Cinemark Holdings in a research report on Sunday, August 13th. Piper Jaffray Companies assumed coverage on shares of Cinemark Holdings in a research report on Friday, August 11th. They set an “overweight” rating and a $44.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $43.00 price objective on shares of Cinemark Holdings in a research report on Wednesday, August 9th.
Cinemark Holdings (NYSE CNK) opened at 33.35 on Friday. The firm’s 50-day moving average price is $37.20 and its 200-day moving average price is $40.66. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 14.25 and a beta of 1.03. Cinemark Holdings has a 52-week low of $32.85 and a 52-week high of $44.84.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The business had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. During the same quarter in the prior year, the company posted $0.46 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts anticipate that Cinemark Holdings will post $2.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st will be issued a $0.29 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.48%. Cinemark Holdings’s payout ratio is 49.57%.
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Large investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in shares of Cinemark Holdings by 2.3% in the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock worth $145,000 after buying an additional 84 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Cinemark Holdings during the second quarter worth $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Cinemark Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock worth $147,000 after buying an additional 330 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Cinemark Holdings by 224.8% in the second quarter. Advisors Asset Management Inc. now owns 4,752 shares of the company’s stock worth $185,000 after buying an additional 3,289 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Cinemark Holdings during the first quarter worth $200,000. Institutional investors and hedge funds own 89.52% of the company’s stock.
About Cinemark Holdings
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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