Cinemark Holdings, Inc. (NYSE:CNK) – Stock analysts at FBR & Co reduced their Q2 2017 EPS estimates for Cinemark Holdings in a research report issued on Monday, Zacks Investment Research reports. FBR & Co analyst B. Crockett now forecasts that the company will post earnings per share of $0.61 for the quarter, down from their previous forecast of $0.68. FBR & Co currently has a “Market Perform” rating and a $46.00 target price on the stock. FBR & Co also issued estimates for Cinemark Holdings’ Q4 2017 earnings at $0.34 EPS and FY2018 earnings at $2.06 EPS.
CNK has been the subject of several other research reports. Royal Bank of Canada lowered shares of Cinemark Holdings from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $43.00 to $45.00 in a report on Monday, February 27th. B. Riley raised their price target on shares of Cinemark Holdings to $52.20 in a report on Friday, February 17th. Wedbush restated a “neutral” rating and set a $45.00 price target (up previously from $43.00) on shares of Cinemark Holdings in a report on Friday, April 7th. Wunderlich lowered shares of Cinemark Holdings from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a report on Wednesday, March 22nd. Finally, Goldman Sachs Group Inc lowered shares of Cinemark Holdings from a “conviction-buy” rating to a “buy” rating and set a $49.00 price target for the company. in a report on Monday, April 10th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Cinemark Holdings presently has a consensus rating of “Hold” and an average target price of $44.12.
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Shares of Cinemark Holdings (NYSE:CNK) traded up 0.56% during trading on Tuesday, hitting $43.16. 83,570 shares of the company’s stock were exchanged. The stock has a market cap of $4.99 billion, a PE ratio of 19.71 and a beta of 0.97. Cinemark Holdings has a 1-year low of $32.60 and a 1-year high of $44.84. The stock’s 50-day moving average price is $43.09 and its 200-day moving average price is $41.10.
Cinemark Holdings (NYSE:CNK) last announced its earnings results on Thursday, February 23rd. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.23. Cinemark Holdings had a net margin of 8.06% and a return on equity of 20.75%. The company earned $707.20 million during the quarter, compared to the consensus estimate of $703.77 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was down .9% on a year-over-year basis.
In other Cinemark Holdings news, EVP Tom Owens sold 8,475 shares of Cinemark Holdings stock in a transaction on Monday, March 13th. The shares were sold at an average price of $44.00, for a total transaction of $372,900.00. Following the transaction, the executive vice president now directly owns 54,720 shares of the company’s stock, valued at approximately $2,407,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Cavalier sold 13,055 shares of Cinemark Holdings stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $44.03, for a total transaction of $574,811.65. Following the transaction, the executive vice president now directly owns 173,171 shares in the company, valued at $7,624,719.13. The disclosure for this sale can be found here. In the last three months, insiders sold 42,139 shares of company stock valued at $1,854,714. 9.20% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in Cinemark Holdings by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 36,160 shares of the company’s stock worth $1,384,000 after buying an additional 729 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Cinemark Holdings during the third quarter worth approximately $241,000. Bank of Montreal Can boosted its stake in Cinemark Holdings by 2.8% in the third quarter. Bank of Montreal Can now owns 448,856 shares of the company’s stock worth $17,183,000 after buying an additional 12,042 shares during the last quarter. Handelsinvest Investeringsforvaltning boosted its stake in Cinemark Holdings by 10.1% in the third quarter. Handelsinvest Investeringsforvaltning now owns 62,450 shares of the company’s stock worth $2,391,000 after buying an additional 5,750 shares during the last quarter. Finally, River Road Asset Management LLC boosted its stake in Cinemark Holdings by 1.5% in the third quarter. River Road Asset Management LLC now owns 1,994,754 shares of the company’s stock worth $76,359,000 after buying an additional 28,610 shares during the last quarter. Institutional investors own 90.73% 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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