Cinemark Holdings Inc. (NYSE:CNK) shares traded -0.83% lower at $15.48 on Wall Street last session.
In accordance with the data, 12 analysts cover Cinemark Holdings Inc. (NYSE:CNK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $12.50, we find $18.50. Given the previous closing price of $15.61, this indicates a potential upside of 18.51 percent. CNK stock price is now -6.92% away from the 50-day moving average and 14.73% away from the 200-day moving average. The market capitalization of the company currently stands at $1.90B.
It has been rated a hold by 5 analysts and a buy by 6. Brokers who have rated the stock have averaged $18.54 as their price target over the next twelve months.
With the price target reduced from $21 to $18, JP Morgan Downgraded its rating from Overweight to Neutral for Cinemark Holdings Inc. (NYSE: CNK).
In other news, SENIOR ENRIQUE, Director sold 35,054 shares of the company’s stock on Dec 09. The stock was sold for $437,123 at an average price of $12.47. Upon completion of the transaction, the Director now directly owns 46,609 shares in the company, valued at $0.72 million. Insiders disposed of 164,787 shares of company stock worth roughly $2.55 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CNK stock. A new stake in Cinemark Holdings Inc. shares was purchased by HIGHLAND PEAK CAPITAL, LLC during the first quarter worth $8,935,000. MITCHELL CAPITAL MANAGEMENT CO invested $5,937,000 in shares of CNK during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Cinemark Holdings Inc. valued at approximately $5,440,000. ZENO RESEARCH, LLC acquired a new stake in CNK for approximately $4,866,000. BOOTHBAY FUND MANAGEMENT, LLC purchased a new stake in CNK valued at around $3,882,000 in the second quarter. In total, there are 300 active investors with 106.92% ownership of the company’s stock.
Cinemark Holdings Inc. (NYSE: CNK) opened at $15.69 on Friday. During the past 12 months, Cinemark Holdings Inc. has had a low of $8.28 and a high of $19.76. As of last week, the company has a debt-to-equity ratio of 22.69, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for CNK is $16.60 and a two-hundred day moving average price translates $13.51 for the stock.
The latest earnings results from Cinemark Holdings Inc. (NYSE: CNK) was released for Mar, 2023. According to the Entertainment Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.3 by 0.27. This compares to -$0.61 EPS in the same period last year. The net profit margin was -7.60% and return on equity was -125.80% for CNK. The company reported revenue of $610.7 million for the quarter, compared to $460.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.62 percent. For the current quarter, analysts expect CNK to generate $857.66M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/20/2020. Investors who held shares on 03/06/2020 were paid a $0.36 dividend.
Cinemark Holdings Inc.(CNK) Company Profile
Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of February 24, 20223 it operated 518 theatres with 5,847 screens in the United States, and South and Central America. The company was founded in 1984 and is headquartered in Plano, Texas.
