Cinemark Holdings, Inc. (NYSE: CNK) Given the average recommendation of “Hold” by brokers

Shares of Cinemark Holdings, Inc. (NYSE: CNK) received an average recommendation of “Hold” by the fourteen research companies that hedge the stock, reports MarketBeat Ratings. Six investment analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average price target among brokers who updated their stock coverage in the past year is $ 21.64.

CNK has been the subject of several recent research reports. Benchmark raised its price target on Cinemark shares from $ 21.00 to $ 30.00 and gave the company a “buy” rating in a research note on Wednesday, March 3. Wedbush reiterated a “buy” note on Cinemark shares in a Wednesday February 24 report. Barrington Research raised its price target on Cinemark from $ 22.00 to $ 26.00 and gave the stock an “outperformance” rating in a report on Wednesday March 3. Loop Capital downgraded Cinemark from a “buy” rating to a “maintain” rating and set a target price of $ 22.00 on the share. in a report from Monday, March 1. To finish, Zacks investment research changed Cinemark from a “sell” rating to a “hold” rating in a Monday February 22 report.

Shares of CNK opened at $ 22.66 on Tuesday. The company has a fifty-day moving average of $ 21.80 and a 200-day moving average of $ 19.93. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt ratio of 4.94. Cinemark has a 12 month low of $ 7.56 and a 12 month high of $ 27.84. The company has a market cap of $ 2.71 billion, a price-to-earnings ratio of -3.50 and a beta of 2.57.

Cinemark (NYSE: CNK) last released its quarterly earnings data on Thursday, May 6. The company reported earnings per share (EPS) of ($ 1.75) for the quarter, missing the Thomson Reuters consensus estimate of ($ 1.46) of ($ 0.29). Cinemark posted a negative return on equity of 87.21% and a negative net margin of 297.79%. The company reported sales of $ 114.40 million for the quarter, compared to the consensus estimate of $ 98.06 million. During the same period of the previous year, the company made EPS ($ 0.51). The company’s revenues were down 79.0% year over year. On average, equity analysts expect Cinemark to post -3.49 EPS for the current year.

In other news, insider Valmir Fernandes sold 12,000 shares of the stock in a trade that took place on Monday, March 8. The stock was sold for an average price of $ 24.98, for a total trade of $ 299,760.00. Following the transaction, the insider now owns 165,288 shares of the company, valued at $ 4,128,894.24. The sale was disclosed in a filing with the SEC, available through the SEC website. 10.00% of the shares are currently owned by insiders of the company.

Hedge funds and other institutional investors have recently changed their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Cinemark during the fourth quarter valued at approximately $ 25,000. Samalin Investment Counsel LLC increased its position in Cinemark by 2,439.7% during the fourth quarter. Samalin Investment Counsel LLC now owns 1,600 shares of the company valued at $ 28,000 after purchasing an additional 1,537 shares in the last quarter. Marshall Wace LLP acquired a new interest in Cinemark during the first quarter valued at approximately $ 65,000. Harvest Fund Management Co. Ltd. acquired a new stake in Cinemark during the first quarter valued at approximately $ 36,000. Finally, Rockbridge Investment Management LCC increased its position in Cinemark by 102.9% during the fourth quarter. Rockbridge Investment Management LCC now owns 2,778 shares of the company valued at $ 48,000 after purchasing an additional 1,409 shares in the last quarter. Institutional investors hold 88.84% of the company’s shares.

About Cinemark

Cinemark Holdings, Inc., along with its subsidiaries, is dedicated to film exhibition. As of March 4, 2021, it operated 531 theaters with 5,958 theaters in the United States, Brazil, Argentina, Chile, Colombia, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama , Guatemala, Bolivia, Curaçao and Paraguay.

Learn more: Pattern Day Trader

Analyst Recommendations for Cinemark (NYSE: CNK)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: What is the cost of goods sold (COGS)?

8 EV stocks to electrify your growth portfolio

If you’re looking for the next high-growth market, a market at the intersection of several age-old trends, look no further than the EV market. Electric vehicles. It may not seem like much, but the days of EV as a fringe market are over.

Think about it. On average, there are 90 million vehicles sold each year. These are units, not dollars, total vehicle sales topped $ 3.1 trillion in 2019, and the number is expected to increase in the long run.

The electric vehicle market represents less than 3% of global vehicle sales, but it is growing. Electric vehicles are expected to account for more than 50% of the total vehicle fleet by 2050, and that target could be reached much sooner if battery technology advances.

When it comes to the EV market, it’s a “rising tide lifts all ships” market, but there are still some clear winners to focus on.

See “8 EV Actions to Electrify Your Growth Portfolio”.

Source link

About George McKenley

Check Also

Amazon’s “Unrequited Attrition” said

Amazon routinely tries to funnel 6% of its office workers out of the company each …