Cinemark (NYSE:CNK) issued its quarterly earnings results on Friday. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.47 by $0.35, Briefing.com reports. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. The firm had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $745.92 million. During the same period in the previous year, the business earned $0.66 earnings per share. Cinemark’s revenue for the quarter was up 7.0% compared to the same quarter last year.
Shares of Cinemark (NYSE:CNK) opened at $42.27 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.46 and a current ratio of 1.50. The stock has a market capitalization of $4,923.06, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.17 and a beta of 1.15. Cinemark has a twelve month low of $32.03 and a twelve month high of $44.84.
In other Cinemark news, EVP Tom Owens sold 9,213 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the sale, the executive vice president now owns 42,722 shares in the company, valued at approximately $1,537,992. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lee Roy Mitchell sold 299,700 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $36.43, for a total value of $10,918,071.00. Following the sale, the director now owns 5,528,843 shares in the company, valued at approximately $201,415,750.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 483,820 shares of company stock worth $17,672,093. Corporate insiders own 9.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cable Hill Partners LLC grew its stake in Cinemark 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 acquiring an additional 2,871 shares in the last quarter. Cerebellum GP LLC purchased a new position in Cinemark during the 4th quarter valued at about $118,000. Ffcm LLC purchased a new position in Cinemark during the 3rd quarter valued at about $125,000. Zions Bancorporation purchased a new position in Cinemark during the 3rd quarter valued at about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cinemark by 54.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,862 shares of the company’s stock valued at $204,000 after acquiring an additional 2,070 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.
CNK has been the topic of several research reports. MKM Partners dropped their price target on shares of Cinemark to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Wedbush set a $42.00 price target on shares of Cinemark and gave the stock a “buy” rating in a research report on Monday, October 30th. B. Riley reiterated a “buy” rating and issued a $47.00 price target on shares of Cinemark in a research report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Piper Jaffray Companies set a $47.00 price target on shares of Cinemark and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $41.82.
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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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