Cinemark Holdings Inc (NYSE:CNK) Given Average Recommendation of “Moderate Buy” by Brokerages

Cinemark Holdings Inc (NYSE:CNK) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $32.0769.

Several brokerages have weighed in on CNK. Barrington Research reaffirmed an “outperform” rating and set a $32.00 price target on shares of Cinemark in a research report on Thursday, February 19th. Benchmark reaffirmed a “buy” rating on shares of Cinemark in a report on Thursday, February 19th. The Goldman Sachs Group reissued a “sell” rating and issued a $22.00 price target on shares of Cinemark in a report on Thursday, February 19th. UBS Group raised shares of Cinemark to a “buy” rating in a research note on Tuesday, January 20th. Finally, Zacks Research lowered shares of Cinemark from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd.

Insider Activity

In other news, EVP Melissa Thomas sold 7,944 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.05, for a total transaction of $206,941.20. Following the sale, the executive vice president directly owned 159,416 shares in the company, valued at $4,152,786.80. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cinemark

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in shares of Cinemark by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after buying an additional 507 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Cinemark in the 2nd quarter valued at $47,000. Financial Consulate Inc. acquired a new stake in Cinemark in the 3rd quarter valued at $50,000. Meeder Asset Management Inc. purchased a new stake in Cinemark in the 3rd quarter worth $63,000. Finally, Smartleaf Asset Management LLC raised its position in Cinemark by 20.1% during the third quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after acquiring an additional 506 shares during the period.

Cinemark Stock Performance

CNK opened at $26.67 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 4.74. Cinemark has a 12-month low of $21.60 and a 12-month high of $34.01. The firm has a 50 day moving average of $24.19 and a two-hundred day moving average of $25.92. The firm has a market capitalization of $3.08 billion, a PE ratio of 30.66 and a beta of 1.13.

Cinemark (NYSE:CNK) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $776.30 million during the quarter, compared to analyst estimates of $778.41 million. Cinemark had a return on equity of 34.11% and a net margin of 4.44%.The firm’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. On average, analysts anticipate that Cinemark will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Cinemark’s payout ratio is presently 41.38%.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.