Cinemark Holdings Inc (CNK) Earns “Buy” Rating from MKM Partners
Cinemark Holdings Inc (NYSE:CNK)‘s stock had its “buy” rating restated by equities research analysts at MKM Partners in a report issued on Monday. They currently have a $46.00 price objective on the stock. MKM Partners’ price target indicates a potential upside of 26.34% from the stock’s current price.
CNK has been the topic of several other research reports. BidaskClub upgraded Cinemark Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Wedbush reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Monday, August 7th. Moffett Nathanson lowered Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 target price on the stock. in a research note on Monday, June 12th. B. Riley reiterated a “buyl” rating on shares of Cinemark Holdings in a research note on Sunday, August 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Sunday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.80.
Shares of Cinemark Holdings (NYSE CNK) traded up 2.56% during trading on Monday, reaching $36.41. 2,158,415 shares of the company were exchanged. Cinemark Holdings has a 1-year low of $32.03 and a 1-year high of $44.84. The firm has a market capitalization of $4.22 billion, a P/E ratio of 15.56 and a beta of 1.06. The firm’s 50 day moving average is $35.41 and its 200 day moving average is $39.79.
Cinemark Holdings (NYSE:CNK) last posted its earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company had revenue of $751.20 million for the quarter, compared to analyst estimates of $751.72 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Cinemark Holdings will post $2.09 EPS for the current fiscal year.
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In other news, CEO Mark Zoradi bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average price of $32.19 per share, with a total value of $160,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CNK. BlackRock Inc. lifted its holdings in shares of Cinemark Holdings by 13,956.8% during the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock worth $490,657,000 after purchasing an additional 10,987,085 shares during the period. FMR LLC lifted its holdings in shares of Cinemark Holdings by 83.9% during the first quarter. FMR LLC now owns 9,942,173 shares of the company’s stock worth $440,836,000 after purchasing an additional 4,534,853 shares during the period. Capital World Investors acquired a new stake in shares of Cinemark Holdings during the fourth quarter worth about $133,720,000. Credit Suisse AG lifted its holdings in shares of Cinemark Holdings by 842.5% during the third quarter. Credit Suisse AG now owns 1,666,182 shares of the company’s stock worth $63,781,000 after purchasing an additional 1,489,400 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Cinemark Holdings by 5,955.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock worth $40,236,000 after purchasing an additional 1,085,334 shares during the period. 90.13% of the stock is owned by hedge funds and other institutional investors.
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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