A number of other research analysts have also recently issued reports on CNK. B. Riley reiterated a buyl rating on shares of Cinemark Holdings in a research note on Sunday, August 13th. BidaskClub lowered shares of Cinemark Holdings from a buy rating to a hold rating in a report on Friday, August 18th. Barrington Research lowered their price target on shares of Cinemark Holdings from $49.00 to $46.00 and set an outperform rating for the company in a report on Monday, August 7th. Wedbush reissued a buy rating on shares of Cinemark Holdings in a report on Monday, August 7th. Finally, Piper Jaffray Companies began coverage on shares of Cinemark Holdings in a report on Friday, August 11th. They issued an overweight rating and a $44.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Cinemark Holdings has an average rating of Hold and a consensus price target of $43.06.
Cinemark Holdings (NYSE CNK) opened at 33.85 on Friday. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 14.47 and a beta of 1.06. The company has a 50-day moving average price of $35.87 and a 200-day moving average price of $39.97. Cinemark Holdings has a one year low of $32.03 and a one year high of $44.84.
Cinemark Holdings (NYSE:CNK) last posted its earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The company had revenue of $751.20 million during the quarter, compared to analysts’ expectations of $751.72 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. Cinemark Holdings’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Cinemark Holdings will post $2.11 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Tuesday, August 29th. Cinemark Holdings’s dividend payout ratio is presently 49.57%.
In other Cinemark Holdings news, CEO Mark Zoradi bought 5,000 shares of the stock in a transaction on Friday, September 8th. The stock was purchased at an average price of $32.19 per share, with a total value of $160,950.00. Following the acquisition, the chief executive officer now owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 9.10% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNK. BlackRock Inc. grew its holdings in Cinemark Holdings by 13,956.8% during the 1st quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock worth $490,657,000 after acquiring an additional 10,987,085 shares during the period. FMR LLC grew its holdings in Cinemark Holdings by 83.9% during the 1st quarter. FMR LLC now owns 9,942,173 shares of the company’s stock worth $440,836,000 after acquiring an additional 4,534,853 shares during the period. Northwestern Mutual Investment Management Company LLC grew its holdings in Cinemark Holdings by 5,955.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,103,558 shares of the company’s stock worth $40,236,000 after acquiring an additional 1,085,334 shares during the period. Jennison Associates LLC grew its holdings in Cinemark Holdings by 32.9% during the 2nd quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock worth $154,960,000 after acquiring an additional 988,361 shares during the period. Finally, Mawer Investment Management Ltd. grew its holdings in Cinemark Holdings by 42.3% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,256,308 shares of the company’s stock worth $144,385,000 after acquiring an additional 967,579 shares during the period. 90.16% of the stock is owned by hedge funds and other institutional investors.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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