Shares of Cinemark Holdings, Inc. (NYSE:CNK) have earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $41.95.
Several research analysts have recently issued reports on CNK shares. Wedbush restated an “outperform” rating and issued a $47.00 target price on shares of Cinemark in a report on Monday. MKM Partners lowered their target price on shares of Cinemark to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Barrington Research reiterated a “buy” rating and issued a $49.00 price target on shares of Cinemark in a research report on Friday, March 2nd. Royal Bank of Canada upped their price target on shares of Cinemark to $46.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Moffett Nathanson upgraded shares of Cinemark from a “sell” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Thursday, April 5th.
Shares of Cinemark stock traded up $0.43 during trading hours on Friday, hitting $38.98. The company had a trading volume of 382,699 shares, compared to its average volume of 1,403,198. Cinemark has a twelve month low of $32.03 and a twelve month high of $44.74. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.45. The stock has a market cap of $4,510.94, a price-to-earnings ratio of 17.20, a PEG ratio of 1.10 and a beta of 0.99.
Cinemark (NYSE:CNK) last issued its earnings results on Friday, February 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.35. Cinemark had a net margin of 8.83% and a return on equity of 19.48%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $745.92 million. During the same quarter in the prior year, the business posted $0.66 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts forecast that Cinemark will post 2.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, March 7th. This represents a $1.28 dividend on an annualized basis and a yield of 3.28%. This is an increase from Cinemark’s previous quarterly dividend of $0.29. Cinemark’s dividend payout ratio is presently 56.64%.
In other Cinemark news, insider Valmir Fernandes sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $43.59, for a total transaction of $261,540.00. Following the completion of the transaction, the insider now owns 103,582 shares in the company, valued at approximately $4,515,139.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.20% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in Cinemark during the 3rd quarter worth $454,000. State of Alaska Department of Revenue purchased a new position in Cinemark during the 4th quarter worth $219,000. Mork Capital Management LLC purchased a new position in Cinemark during the 4th quarter worth $992,000. Fox Run Management L.L.C. purchased a new position in Cinemark during the 4th quarter worth $1,522,000. Finally, Swiss National Bank raised its position in Cinemark by 1.9% during the 4th quarter. Swiss National Bank now owns 178,500 shares of the company’s stock worth $6,215,000 after buying an additional 3,300 shares during the last quarter. Institutional investors own 93.97% of the company’s stock.
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. It operates theatres in the United States, Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay. As of December 31, 2017, the company operated 533 theatres and 5,959 screens.
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