Cinemark Stock Forecast, Price & News

Cinemark's stock was trading at $19.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CNK stock has decreased by 42.7% and is now trading at $11.16.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cinemark in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Cinemark.

Cinemark is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Cinemark.

Cinemark Holdings, Inc. (NYSE:CNK) released its quarterly earnings data on Tuesday, August, 4th. The company reported ($1.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.46) by $0.01. The business earned $8.97 million during the quarter, compared to the consensus estimate of $7.24 million. Cinemark had a negative net margin of 7.96% and a negative return on equity of 9.76%. The company's revenue was down 99.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS.
View Cinemark's earnings history.

Cinemark announced a quarterly dividend on Monday, February 24th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.36 per share on Friday, March 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.90%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Cinemark's previous quarterly dividend of $0.34.
View Cinemark's dividend history.

12 analysts have issued 12 month price targets for Cinemark's stock. Their forecasts range from $12.00 to $23.00. On average, they expect Cinemark's share price to reach $17.58 in the next year. This suggests a possible upside of 57.6% from the stock's current price.
View analysts' price targets for Cinemark.

Cinemark saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 23,310,000 shares, an increase of 11.7% from the August 15th total of 20,860,000 shares. Based on an average daily volume of 6,400,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 23.7% of the company's stock are sold short.
View Cinemark's Short Interest.

Some companies that are related to Cinemark include Walt Disney (DIS), Live Nation Entertainment (LYV), Viacom (VIAB), News (NWSA), Madison Square Garden (MSG), World Wrestling Entertainment (WWE) and Reading International (RDI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cinemark investors own include Carnival (CCL), AT&T (T), AMC Entertainment (AMC), Pfizer (PFE), Tesla (TSLA), Southwest Airlines (LUV), Royal Caribbean Cruises (RCL), Wells Fargo & Company (WFC), Micron Technology (MU) and Alibaba Group (BABA).

Cinemark trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNK."

Cinemark's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.22%), ArrowMark Colorado Holdings LLC (4.55%), AQR Capital Management LLC (3.71%), Goldman Sachs Group Inc. (1.57%), Bank of New York Mellon Corp (1.25%) and Nuveen Asset Management LLC (1.04%). Company insiders that own Cinemark stock include Lee Roy Mitchell, Mark Zoradi, Sean Gamble, Valmir Fernandes and Ximena G Humrichouse.
View institutional ownership trends for Cinemark.

CNK stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, ArrowMark Colorado Holdings LLC, Vanguard Group Inc., DNB Asset Management AS, WINTON GROUP Ltd, Cubist Systematic Strategies LLC, Goldman Sachs Group Inc., and Bank of New York Mellon Corp.
View insider buying and selling activity for Cinemark.

CNK stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Impala Asset Management LLC, First Trust Advisors LP, Nuveen Asset Management LLC, Bain Capital Credit LP, Charles Schwab Investment Management Inc., Athanor Capital LP, and KLCM Advisors Inc.. Company insiders that have bought Cinemark stock in the last two years include Lee Roy Mitchell, Mark Zoradi, and Ximena G Humrichouse.
View insider buying and selling activity for Cinemark.

Shares of CNK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CNK stock can currently be purchased for approximately $11.16.

Cinemark has a market capitalization of $1.31 billion and generates $3.28 billion in revenue each year. The company earns $191.39 million in net income (profit) each year or $1.63 on an earnings per share basis. Cinemark employs 22,000 workers across the globe.

The official website for Cinemark is www.cinemark.com.

Cinemark's mailing address is 3900 DALLAS PARKWAY, PLANO TX, 75093. The company can be reached via phone at 972-665-1000 or via email at [email protected]