Zacks Investment Research upgraded shares of Cinemark Holdings Inc (NYSE:CNK) from a sell rating to a hold rating in a report released on Wednesday morning.
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. “
A number of other brokerages have also issued reports on CNK. Barrington Research decreased their price target on Cinemark Holdings from $49.00 to $46.00 and set an outperform rating on the stock in a research note on Monday, August 7th. Wedbush set a $42.00 price target on Cinemark Holdings and gave the stock a buy rating in a research note on Monday, October 30th. MKM Partners reissued a buy rating and issued a $46.00 price target on shares of Cinemark Holdings in a research note on Monday, September 18th. ValuEngine lowered Cinemark Holdings from a buy rating to a hold rating in a research note on Monday, July 24th. Finally, Credit Suisse Group decreased their price target on Cinemark Holdings from $34.00 to $30.00 and set an underperform rating on the stock in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $42.31.
Shares of Cinemark Holdings (NYSE:CNK) opened at $33.70 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.48 and a current ratio of 1.50. The company has a market capitalization of $3,948.23, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.12 and a beta of 1.18. Cinemark Holdings has a 52 week low of $32.03 and a 52 week high of $44.84.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings data on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. Cinemark Holdings had a net margin of 8.36% and a return on equity of 18.43%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS. research analysts expect that Cinemark Holdings will post 2.02 EPS for the current year.
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In other news, CEO Mark Zoradi acquired 5,000 shares of Cinemark Holdings stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of $32.19 per share, with a total value of $160,950.00. Following the purchase, the chief executive officer now directly owns 172,456 shares of the company’s stock, valued at approximately $5,551,358.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Cable Hill Partners LLC raised its holdings in shares of Cinemark Holdings by 3,300.0% during the 3rd quarter. Cable Hill Partners LLC now owns 2,958 shares of the company’s stock valued at $107,000 after buying an additional 2,871 shares during the period. Ffcm LLC purchased a new stake in shares of Cinemark Holdings during the 3rd quarter valued at about $125,000. Advisor Group Inc. raised its holdings in shares of Cinemark Holdings by 2.3% during the 2nd quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after buying an additional 84 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Cinemark Holdings during the 2nd quarter valued at about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cinemark Holdings by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock valued at $147,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 92.62% of the company’s stock.
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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