Shares of Cinemark Holdings, Inc. (NYSE:CNK) have been assigned an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $42.58.
CNK has been the subject of several research reports. B. Riley restated a “buy” rating and set a $47.00 price objective on shares of Cinemark in a research report on Tuesday, December 5th. Wedbush set a $42.00 price objective on Cinemark and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Cinemark from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Thursday, February 1st. Piper Jaffray Companies set a $47.00 price objective on Cinemark and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada lifted their price objective on Cinemark to $46.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th.
In other Cinemark news, insider Valmir Fernandes sold 6,000 shares of Cinemark stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $43.59, for a total value of $261,540.00. Following the completion of the sale, the insider now directly owns 103,582 shares of the company’s stock, valued at approximately $4,515,139.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tom Owens sold 9,213 shares of Cinemark stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the completion of the sale, the executive vice president now directly owns 42,722 shares of the company’s stock, valued at $1,537,992. The disclosure for this sale can be found here. 9.10% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in Cinemark in the 4th quarter worth approximately $118,000. Ffcm LLC purchased a new stake in shares of Cinemark during the 3rd quarter valued at $125,000. Zions Bancorporation purchased a new stake in shares of Cinemark during the 3rd quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cinemark by 54.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,862 shares of the company’s stock valued at $204,000 after buying an additional 2,070 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Cinemark during the 4th quarter valued at $219,000. 93.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Cinemark (CNK) traded down $0.39 during trading on Wednesday, hitting $38.72. The company had a trading volume of 1,264,052 shares, compared to its average volume of 1,539,809. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.40 and a quick ratio of 1.37. Cinemark has a 1 year low of $32.03 and a 1 year high of $44.84. The firm has a market cap of $4,555.20, a P/E ratio of 17.23, a P/E/G ratio of 1.10 and a beta of 0.94.
Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.35. Cinemark had a return on equity of 19.48% and a net margin of 8.83%. The firm had revenue of $750.00 million during the quarter, compared to the consensus estimate of $745.92 million. During the same period in the previous year, the firm posted $0.66 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. equities research analysts expect that Cinemark will post 2.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be paid a $0.32 dividend. This is a boost from Cinemark’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, March 7th. Cinemark’s payout ratio is presently 56.39%.
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Cinemark 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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