Cinemark’s (CNK) “Buy” Rating Reiterated at B. Riley
Cinemark (NYSE:CNK)‘s stock had its “buy” rating reissued by equities research analysts at B. Riley in a research note issued to investors on Tuesday. They presently have a $47.00 price objective on the stock. B. Riley’s target price would suggest a potential upside of 31.76% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on CNK. Royal Bank Of Canada set a $43.00 price target on shares of Cinemark and gave the stock a “hold” rating in a research report on Sunday, September 10th. Zacks Investment Research raised shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Morgan Stanley raised shares of Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 price target on the stock in a research report on Thursday, October 5th. MKM Partners reissued a “buy” rating and set a $46.00 price target on shares of Cinemark in a research report on Monday, September 18th. Finally, Wedbush set a $42.00 price target on shares of Cinemark and gave the stock a “buy” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Cinemark currently has an average rating of “Hold” and an average target price of $42.31.
Shares of Cinemark (NYSE CNK) traded down $0.74 during mid-day trading on Tuesday, reaching $35.67. 1,554,400 shares of the company’s stock were exchanged, compared to its average volume of 1,100,301. Cinemark has a 1 year low of $32.03 and a 1 year high of $44.84. The company has a market capitalization of $4,240.56, a PE ratio of 17.42, a PEG ratio of 1.21 and a beta of 1.18. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.50.
In related news, CEO Mark Zoradi acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average cost of $32.19 per share, for a total transaction of $160,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 172,456 shares in the company, valued at approximately $5,551,358.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Cable Hill Partners LLC increased its stake in Cinemark by 3,300.0% in the 3rd quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock valued at $107,000 after buying an additional 2,871 shares during the last quarter. Ffcm LLC acquired a new stake in Cinemark in the 3rd quarter valued at $125,000. Zions Bancorporation acquired a new stake in Cinemark in the 3rd quarter valued at $125,000. Advisor Group Inc. increased its stake in Cinemark by 2.3% in the 2nd quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after buying an additional 84 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Cinemark in the 2nd quarter valued at $146,000. Institutional investors and hedge funds own 94.63% of the company’s stock.
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Cinemark Company Profile
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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