Analysts Set Cinemark Holdings, Inc. (NYSE:CNK) Price Target at $33.10

Shares of Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.80.

CNK has been the topic of a number of research analyst reports. Wedbush reiterated a "neutral" rating and issued a $32.00 target price on shares of Cinemark in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday. Barrington Research reissued an "outperform" rating and issued a $36.00 target price on shares of Cinemark in a report on Monday. Benchmark decreased their price target on shares of Cinemark from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Macquarie reissued an "outperform" rating and issued a $35.00 price objective on shares of Cinemark in a research note on Thursday, February 20th.

Insider Buying and Selling at Cinemark

In other news, insider Wanda Marie Gierhart sold 9,119 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $27.00, for a total value of $246,213.00. Following the completion of the sale, the insider now owns 147,414 shares in the company, valued at approximately $3,980,178. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cinemark

Large investors have recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in shares of Cinemark by 6.8% during the 4th quarter. LPL Financial LLC now owns 8,722 shares of the company's stock valued at $270,000 after purchasing an additional 556 shares during the last quarter. QRG Capital Management Inc. increased its position in Cinemark by 3.2% during the 4th quarter. QRG Capital Management Inc. now owns 17,730 shares of the company's stock valued at $549,000 after buying an additional 557 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Cinemark by 3.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,270 shares of the company's stock valued at $504,000 after buying an additional 591 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in Cinemark by 5.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 11,546 shares of the company's stock valued at $358,000 after buying an additional 618 shares during the last quarter. Finally, Quarry LP boosted its holdings in Cinemark by 41.8% in the fourth quarter. Quarry LP now owns 2,114 shares of the company's stock worth $65,000 after acquiring an additional 623 shares in the last quarter.

Cinemark Price Performance

CNK stock traded up $1.05 during midday trading on Friday, hitting $30.84. The company's stock had a trading volume of 4,481,328 shares, compared to its average volume of 3,011,126. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 3.28. Cinemark has a 12 month low of $16.32 and a 12 month high of $36.28. The company has a 50 day moving average of $26.47 and a two-hundred day moving average of $29.34. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.19 and a beta of 1.91.

Cinemark (NYSE:CNK - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported ($0.32) earnings per share for the quarter, meeting the consensus estimate of ($0.32). The company had revenue of $540.70 million during the quarter, compared to analysts' expectations of $604.62 million. Cinemark had a net margin of 10.16% and a return on equity of 65.83%. Cinemark's quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. On average, analysts expect that Cinemark will post 1.93 EPS for the current year.

Cinemark Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 5th. Cinemark's payout ratio is currently 21.05%.

About Cinemark

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.