Deutsche Bank Aktiengesellschaft Begins Coverage on Cinemark (NYSE:CNK)

Stock analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Cinemark (NYSE:CNK - Get Free Report) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a "buy" rating and a $36.00 price target on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 24.61% from the stock's previous close.

CNK has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Cinemark from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. B. Riley initiated coverage on shares of Cinemark in a research report on Friday, May 16th. They set a "neutral" rating and a $35.00 price target on the stock. Wedbush reissued a "neutral" rating and set a $32.00 price target on shares of Cinemark in a research report on Monday, April 28th. Roth Capital decreased their target price on shares of Cinemark from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Benchmark reaffirmed a "buy" rating and issued a $35.00 target price on shares of Cinemark in a research report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.58.

Cinemark Trading Down 5.7%

Shares of CNK opened at $28.89 on Thursday. The firm's fifty day moving average is $31.44 and its two-hundred day moving average is $29.24. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 5.53. The stock has a market cap of $3.32 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.88. Cinemark has a 52-week low of $20.43 and a 52-week high of $36.28.

Cinemark (NYSE:CNK - Get Free Report) last announced its quarterly 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 firm had revenue of $540.70 million for the quarter, compared to analysts' expectations of $604.62 million. Cinemark had a net margin of 8.17% and a return on equity of 51.68%. The company's revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. Research analysts forecast that Cinemark will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cinemark news, insider Valmir Fernandes sold 25,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $33.01, for a total transaction of $825,250.00. Following the sale, the insider directly owned 130,612 shares in the company, valued at $4,311,502.12. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melissa Thomas sold 7,200 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $31.43, for a total transaction of $226,296.00. Following the sale, the executive vice president owned 210,968 shares in the company, valued at $6,630,724.24. This trade represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,724 shares of company stock worth $2,724,435 over the last three months. Company insiders own 2.10% of the company's stock.

Institutional Trading of Cinemark

Large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd increased its stake in shares of Cinemark by 26.9% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 152,400 shares of the company's stock worth $4,722,000 after buying an additional 32,310 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Cinemark by 104.8% during the first quarter. GHP Investment Advisors Inc. now owns 28,365 shares of the company's stock worth $706,000 after buying an additional 14,518 shares during the period. Franklin Resources Inc. increased its stake in shares of Cinemark by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 70,964 shares of the company's stock worth $2,198,000 after buying an additional 14,207 shares during the period. GAMMA Investing LLC increased its stake in shares of Cinemark by 1,677.9% during the first quarter. GAMMA Investing LLC now owns 52,020 shares of the company's stock worth $1,295,000 after buying an additional 49,094 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Cinemark by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,505,099 shares of the company's stock worth $387,408,000 after buying an additional 109,179 shares during the period.

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.

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