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.
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.
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