Cinemark Holdings Inc (NYSE:CNK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Cinemark Holdings Inc (NYSE:CNK) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $33.3077.

A number of equities analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Cinemark in a report on Friday, March 27th. B. Riley Financial restated a “neutral” rating on shares of Cinemark in a report on Friday, April 17th. Barrington Research restated an “outperform” rating and issued a $36.00 price objective on shares of Cinemark in a report on Monday, May 4th. Benchmark restated a “buy” rating on shares of Cinemark in a report on Thursday, February 19th. Finally, Roth Mkm restated a “buy” rating and issued a $37.00 price objective on shares of Cinemark in a report on Thursday, April 23rd.

Hedge Funds Weigh In On Cinemark

A number of large investors have recently modified their holdings of the company. Maryland State Retirement & Pension System raised its holdings in shares of Cinemark by 3.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 15,157 shares of the company’s stock worth $352,000 after purchasing an additional 449 shares during the period. Gabelli Funds LLC raised its holdings in shares of Cinemark by 0.5% in the 1st quarter. Gabelli Funds LLC now owns 101,866 shares of the company’s stock worth $2,905,000 after purchasing an additional 490 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Cinemark by 20.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after purchasing an additional 506 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Cinemark by 2.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock valued at $548,000 after buying an additional 507 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake 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.

Cinemark Stock Performance

NYSE CNK opened at $31.36 on Friday. The business’s 50-day moving average price is $28.52 and its 200 day moving average price is $26.41. Cinemark has a twelve month low of $21.60 and a twelve month high of $32.95. The company has a market capitalization of $3.66 billion, a PE ratio of 27.75 and a beta of 1.00. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 5.03.

Cinemark (NYSE:CNK) last released its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The business had revenue of $643.10 million for the quarter, compared to analysts’ expectations of $632.74 million. During the same quarter last year, the company posted ($0.32) earnings per share. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, research analysts predict that Cinemark will post 2.11 earnings per share for the current year.

Cinemark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, May 28th. Cinemark’s dividend payout ratio (DPR) is 31.86%.

About Cinemark

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.