StockNews.com lowered shares of Cinemark (NYSE:CNK – Free Report) from a hold rating to a sell rating in a research report report published on Thursday.
Other equities research analysts have also issued reports about the company. Wedbush reaffirmed an outperform rating and issued a $23.00 price objective on shares of Cinemark in a research note on Thursday, April 25th. Benchmark reiterated a buy rating and set a $23.00 price objective on shares of Cinemark in a research report on Friday, May 3rd. Barrington Research restated an outperform rating and issued a $24.00 target price on shares of Cinemark in a report on Monday, May 6th. JPMorgan Chase & Co. lifted their price target on shares of Cinemark from $17.00 to $19.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Finally, Roth Mkm increased their price objective on shares of Cinemark from $17.00 to $19.00 and gave the stock a neutral rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $20.33.
Cinemark Stock Performance
NYSE CNK traded up $0.11 on Thursday, reaching $17.06. 2,779,667 shares of the stock were exchanged, compared to its average volume of 3,019,864. The company has a current ratio of 1.48, a quick ratio of 1.45 and a debt-to-equity ratio of 7.42. Cinemark has a one year low of $13.19 and a one year high of $20.40. The firm has a market capitalization of $2.09 billion, a PE ratio of 11.69, a PEG ratio of 1.52 and a beta of 2.25. The company’s 50-day simple moving average is $17.92 and its two-hundred day simple moving average is $16.09.
Cinemark (NYSE:CNK – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.40. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. The firm had revenue of $579.00 million during the quarter, compared to analyst estimates of $561.91 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Analysts expect that Cinemark will post 1.12 EPS for the current fiscal year.
Institutional Investors Weigh In On Cinemark
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Cinemark by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,844,490 shares of the company’s stock valued at $254,046,000 after acquiring an additional 214,102 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Cinemark by 1.7% in the third quarter. Wellington Management Group LLP now owns 13,550,176 shares of the company’s stock valued at $248,646,000 after purchasing an additional 232,619 shares during the last quarter. Third Point LLC acquired a new stake in Cinemark during the 1st quarter worth about $89,850,000. Dimensional Fund Advisors LP lifted its holdings in shares of Cinemark by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,568,871 shares of the company’s stock valued at $36,195,000 after buying an additional 213,593 shares during the period. Finally, Steadfast Capital Management LP purchased a new stake in shares of Cinemark in the first quarter worth about $29,323,000.
Cinemark Company Profile
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.