Zacks Investment Research lowered shares of Cinemark Holdings Inc (NYSE:CNK) from a hold rating to a sell rating in a research report sent to investors on Tuesday, July 4th.
According to Zacks, “CINEMARK HOLDINGS Is a leader in the motion picture exhibition industry.Cinemark operates 408 theatres and 4,657 screens in 38 states in the United States and internationally in 12 countries, mainly in Mexico, South and Central America. “
Other analysts have also issued research reports about the stock. B. Riley reiterated a buy rating and issued a $53.50 price objective on shares of Cinemark Holdings in a research note on Sunday, May 7th. MKM Partners restated a buy rating and set a $50.00 price target (up previously from $48.00) on shares of Cinemark Holdings in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) 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 research note on Monday, April 10th. 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 research note on Wednesday, March 22nd. Finally, FBR & Co lowered shares of Cinemark Holdings from an outperform rating to a market perform rating and set a $46.00 price target for the company. in a research note on Monday, April 3rd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $43.50.
Shares of Cinemark Holdings (CNK) opened at 39.21 on Tuesday. The firm’s 50 day moving average is $38.73 and its 200-day moving average is $41.33. Cinemark Holdings has a 52 week low of $36.08 and a 52 week high of $44.84. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 16.54 and a beta of 1.04.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $779.60 million during the quarter, compared to analyst estimates of $750.75 million. Cinemark Holdings had a net margin of 9.23% and a return on equity of 21.75%. Cinemark Holdings’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. Equities research analysts predict that Cinemark Holdings will post $2.19 EPS for the current year.
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In related news, insider Valmir Fernandes sold 6,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $43.53, for a total value of $261,180.00. Following the transaction, the insider now directly owns 85,505 shares of the company’s stock, valued at approximately $3,722,032.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.20% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. increased its stake in Cinemark Holdings by 46.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 237,443 shares of the company’s stock valued at $9,107,000 after buying an additional 74,861 shares during the period. Quadrature Capital Ltd increased its stake in Cinemark Holdings by 127.8% in the fourth quarter. Quadrature Capital Ltd now owns 19,587 shares of the company’s stock valued at $751,000 after buying an additional 10,987 shares during the period. Norges Bank acquired a new stake in Cinemark Holdings during the fourth quarter valued at approximately $32,487,000. Numeric Investors LLC acquired a new stake in Cinemark Holdings during the fourth quarter valued at approximately $579,000. Finally, Thrivent Financial for Lutherans increased its stake in Cinemark Holdings by 1.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 107,750 shares of the company’s stock valued at $4,133,000 after buying an additional 1,510 shares during the period. 89.68% of the stock is currently owned by institutional investors and hedge funds.
Cinemark Holdings 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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