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

Cinemark Holdings Inc (NYSE:CNK) has received an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $33.3077.

A number of brokerages have recently weighed in on CNK. Barrington Research reissued an “outperform” rating and set a $36.00 price objective on shares of Cinemark in a research note on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Cinemark in a research note on Friday, March 27th. Morgan Stanley lifted their target price on shares of Cinemark from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Moffett Nathanson raised shares of Cinemark from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, January 20th. Finally, Wells Fargo & Company lifted their target price on shares of Cinemark from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th.

Cinemark Trading Down 0.1%

Shares of CNK opened at $25.94 on Wednesday. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.62 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $28.14 and a 200-day simple moving average of $26.42. Cinemark has a 1-year low of $21.60 and a 1-year high of $34.01. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 22.96 and a beta of 1.03.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a return on equity of 41.31% and a net margin of 5.31%.The business had revenue of $643.10 million for the quarter, compared to analysts’ expectations of $632.74 million. During the same period last year, the business earned ($0.32) earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities analysts forecast that Cinemark will post 2.11 EPS for the current fiscal year.

Cinemark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, May 28th. Cinemark’s payout ratio is presently 31.86%.

Institutional Trading of Cinemark

Several hedge funds and other institutional investors have recently bought and sold shares of CNK. Lavaca Capital LLC purchased a new stake in Cinemark in the 4th quarter worth approximately $133,045,000. Orbis Allan Gray Ltd grew its stake in Cinemark by 31.0% in the 4th quarter. Orbis Allan Gray Ltd now owns 15,057,911 shares of the company’s stock worth $349,946,000 after acquiring an additional 3,563,810 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Cinemark in the 4th quarter worth approximately $55,296,000. Victory Capital Management Inc. grew its stake in Cinemark by 12,759.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,026,245 shares of the company’s stock worth $47,090,000 after acquiring an additional 2,010,488 shares during the period. Finally, Woodline Partners LP purchased a new stake in Cinemark in the 3rd quarter worth approximately $33,390,000.

Cinemark Company Profile

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.