Cinemark Holdings, Inc. (NYSE:CNK) Given Consensus Rating of “Moderate Buy” by Brokerages

Cinemark Holdings, Inc. (NYSE:CNK) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.80.

A number of equities analysts have recently commented on the stock. Macquarie lifted their price target on shares of Cinemark from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Cinemark from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Cinemark from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of Cinemark in a research note on Friday, January 10th.

Insider Activity

In other news, insider Valmir Fernandes sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.68, for a total value of $817,000.00. Following the completion of the transaction, the insider now owns 179,729 shares in the company, valued at approximately $5,873,543.72. This represents a 12.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Cinemark

A number of hedge funds have recently made changes to their positions in CNK. Maverick Capital Ltd. raised its stake in shares of Cinemark by 1,356.4% in the 3rd quarter. Maverick Capital Ltd. now owns 1,517,771 shares of the company’s stock valued at $42,255,000 after buying an additional 1,413,557 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Cinemark by 1,532.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 650,227 shares of the company’s stock worth $18,102,000 after purchasing an additional 610,398 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Cinemark in the 3rd quarter worth about $12,133,000. Hennessy Advisors Inc. grew its holdings in shares of Cinemark by 13.8% in the 4th quarter. Hennessy Advisors Inc. now owns 1,989,300 shares of the company’s stock worth $61,629,000 after purchasing an additional 241,600 shares during the last quarter. Finally, Castellan Group bought a new stake in shares of Cinemark in the 3rd quarter worth about $6,130,000.

Cinemark Trading Up 1.7 %

Shares of NYSE:CNK opened at $29.31 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $3.59 billion, a PE ratio of 18.91 and a beta of 2.40. Cinemark has a 1 year low of $13.45 and a 1 year high of $36.28. The firm has a fifty day moving average price of $31.81 and a 200 day moving average price of $28.59.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.61. Cinemark had a return on equity of 60.21% and a net margin of 8.36%. The business had revenue of $921.80 million for the quarter, compared to analyst estimates of $894.90 million. During the same quarter in the prior year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Cinemark will post 2.05 EPS for the current fiscal year.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.