Cinemark Holdings Inc (NYSE:CNK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cinemark Holdings Inc (NYSE:CNK) have earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.0769.

Several analysts have issued reports on the stock. UBS Group raised shares of Cinemark to a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Wells Fargo & Company dropped their target price on shares of Cinemark from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cinemark in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price target on Cinemark from $37.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd.

Insider Buying and Selling at Cinemark

In related news, EVP Melissa Thomas sold 7,944 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.05, for a total transaction of $206,941.20. Following the transaction, the executive vice president directly owned 159,416 shares of the company’s stock, valued at approximately $4,152,786.80. The trade was a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Cinemark

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Cinemark by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 507 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Cinemark during the 2nd quarter worth about $47,000. Financial Consulate Inc. acquired a new stake in shares of Cinemark during the 3rd quarter worth about $50,000. Meeder Asset Management Inc. bought a new stake in shares of Cinemark during the 3rd quarter worth about $63,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Cinemark by 20.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock worth $83,000 after buying an additional 506 shares during the period.

Cinemark Stock Down 0.8%

CNK stock opened at $27.85 on Tuesday. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 32.01 and a beta of 1.08. Cinemark has a twelve month low of $21.60 and a twelve month high of $34.01. The business has a 50 day moving average price of $26.05 and a two-hundred day moving average price of $26.10. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 4.74.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). Cinemark had a return on equity of 34.11% and a net margin of 4.44%.The company had revenue of $776.30 million for the quarter, compared to the consensus estimate of $778.41 million. During the same quarter in the prior year, the company earned $0.33 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts anticipate that Cinemark will post 1.93 EPS for the current fiscal year.

Cinemark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, March 3rd. Cinemark’s payout ratio is currently 41.38%.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.