Research Analysts’ Weekly Ratings Updates for Cinemark (CNK)

Several analysts have recently updated their ratings and price targets for Cinemark (NYSE: CNK):

• 10/15/2024 – Cinemark was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/14/2024 – Cinemark had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $29.00. They now have a “neutral” rating on the stock.
• 10/11/2024 – Cinemark had its price target raised by analysts at Morgan Stanley from $29.00 to $35.00. They now have an “overweight” rating on the stock.
• 10/10/2024 – Cinemark had its price target raised by analysts at Wells Fargo & Company from $28.00 to $31.00. They now have an “overweight” rating on the stock.
• 10/10/2024 – Cinemark had its price target raised by analysts at Roth Mkm from $30.00 to $33.00. They now have a “buy” rating on the stock.
• 10/7/2024 – Cinemark was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/19/2024 – Cinemark had its price target raised by analysts at The Goldman Sachs Group, Inc. from $16.00 to $20.00. They now have a “sell” rating on the stock.
• 9/3/2024 – Cinemark had its price target raised by analysts at Wedbush from $28.00 to $31.00. They now have an “outperform” rating on the stock.
• 8/28/2024 – Cinemark was downgraded by analysts at Barrington Research from an “outperform” rating to a “market perform” rating.
• 8/27/2024 – Cinemark was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $31.00 price target on the stock.

Cinemark Stock Performance

Shares of CNK traded down $0.19 during mid-day trading on Monday, reaching $28.58. The company’s stock had a trading volume of 1,233,370 shares, compared to its average volume of 2,866,888. The stock has a market cap of $3.50 billion, a P/E ratio of 19.71, a PEG ratio of 1.94 and a beta of 2.36. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 6.23. Cinemark Holdings, Inc. has a 1-year low of $13.19 and a 1-year high of $29.87. The business has a 50-day simple moving average of $27.81 and a two-hundred day simple moving average of $22.48.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.25. The firm had revenue of $734.20 million for the quarter, compared to analyst estimates of $691.74 million. Cinemark had a return on equity of 41.87% and a net margin of 5.05%. The company’s revenue was down 22.1% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. As a group, equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.41 earnings per share for the current fiscal year.

Insider Activity at Cinemark

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of Cinemark stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.19, for a total transaction of $679,750.00. Following the transaction, the insider now directly owns 204,729 shares of the company’s stock, valued at approximately $5,566,581.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cinemark

Large investors have recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Cinemark by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 30,636 shares of the company’s stock valued at $662,000 after purchasing an additional 556 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Cinemark by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 122,908 shares of the company’s stock worth $2,209,000 after buying an additional 612 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in Cinemark by 38.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,145 shares of the company’s stock worth $68,000 after purchasing an additional 877 shares during the period. GAMMA Investing LLC increased its stake in Cinemark by 106.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,020 shares of the company’s stock worth $56,000 after purchasing an additional 1,040 shares during the period. Finally, QRG Capital Management Inc. increased its stake in Cinemark by 5.9% in the 2nd quarter. QRG Capital Management Inc. now owns 20,557 shares of the company’s stock worth $444,000 after purchasing an additional 1,148 shares during the period.

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.