Cinemark Holdings Inc. (NYSE:CNK)‘s stock had its “buy” rating reissued by analysts at Loop Capital in a research note issued to investors on Tuesday. They currently have a $44.00 price target on the stock. Loop Capital’s price objective would indicate a potential upside of 13.17% from the stock’s previous close.
Several other equities analysts have also recently issued reports on CNK. Stifel Nicolaus reissued a “buy” rating on shares of Cinemark Holdings in a research note on Friday, June 10th. Credit Suisse Group AG started coverage on shares of Cinemark Holdings in a research note on Monday, June 13th. They issued a “neutral” rating and a $33.00 price objective on the stock. Drexel Hamilton reissued a “buy” rating on shares of Cinemark Holdings in a research note on Thursday, July 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Cinemark Holdings in a research note on Sunday, July 10th. Finally, Wedbush reaffirmed a “neutral” rating and set a $40.00 price target on shares of Cinemark Holdings in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.46.
Shares of Cinemark Holdings (NYSE:CNK) opened at 38.88 on Tuesday. The company’s 50-day moving average is $38.37 and its 200 day moving average is $36.46. Cinemark Holdings has a 52-week low of $26.56 and a 52-week high of $39.45. The firm has a market capitalization of $4.49 billion, a PE ratio of 20.80 and a beta of 1.01.
Cinemark Holdings (NYSE:CNK) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. The firm earned $744.40 million during the quarter, compared to analyst estimates of $746.05 million. Cinemark Holdings had a net margin of 7.58% and a return on equity of 19.68%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. Equities analysts expect that Cinemark Holdings will post $1.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Wednesday, August 31st were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.08 dividend on an annualized basis and a yield of 2.78%. Cinemark Holdings’s dividend payout ratio (DPR) is 58.06%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new position in Cinemark Holdings during the second quarter worth about $121,000. Bessemer Group Inc. raised its position in Cinemark Holdings by 99.9% in the second quarter. Bessemer Group Inc. now owns 3,346 shares of the company’s stock worth $122,000 after buying an additional 1,672 shares during the period. Cantab Capital Partners LLP purchased a new position in Cinemark Holdings during the second quarter worth about $161,000. Park National Corp OH purchased a new position in Cinemark Holdings during the second quarter worth about $203,000. Finally, Advance Capital I Inc. purchased a new position in Cinemark Holdings during the second quarter worth about $204,000. Institutional investors own 88.53% of the company’s stock.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets.
Receive News & Ratings for Cinemark Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinemark Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.