Cinemark Holdings Inc. (NYSE:CNK)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a note issued to investors on Wednesday. They presently have a $47.00 price objective on the stock. B. Riley’s price objective indicates a potential upside of 11.88% from the stock’s current price.
A number of other research analysts also recently issued reports on the company. Goldman Sachs Group Inc. upgraded Cinemark Holdings from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Monday, October 31st. Loop Capital started coverage on Cinemark Holdings in a report on Tuesday, August 23rd. They set a “buy” rating and a $44.00 price objective for the company. Wedbush reiterated a “neutral” rating and set a $40.00 price objective on shares of Cinemark Holdings in a report on Thursday, September 22nd. Credit Suisse Group AG set a $37.00 price objective on Cinemark Holdings and gave the stock a “hold” rating in a report on Monday, August 1st. Finally, Drexel Hamilton downgraded Cinemark Holdings from a “buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a report on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Cinemark Holdings currently has a consensus rating of “Buy” and an average price target of $41.62.
Shares of Cinemark Holdings (NYSE:CNK) traded up 0.77% on Wednesday, reaching $42.01. The company’s stock had a trading volume of 122,132 shares. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 20.69 and a beta of 1.01. Cinemark Holdings has a 1-year low of $26.56 and a 1-year high of $42.56. The company’s 50 day moving average is $40.22 and its 200-day moving average is $37.69.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $768.60 million for the quarter, compared to the consensus estimate of $776.40 million. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. Equities research analysts expect that Cinemark Holdings will post $1.99 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.08 annualized dividend and a yield of 2.57%. Cinemark Holdings’s payout ratio is currently 53.47%.
A number of hedge funds have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC raised its position in Cinemark Holdings by 67.6% in the third quarter. ETRADE Capital Management LLC now owns 10,541 shares of the company’s stock worth $404,000 after buying an additional 4,250 shares during the period. LPL Financial LLC raised its position in Cinemark Holdings by 10.1% in the third quarter. LPL Financial LLC now owns 6,515 shares of the company’s stock worth $249,000 after buying an additional 600 shares during the period. Kalos Management Inc. raised its position in Cinemark Holdings by 4.6% in the third quarter. Kalos Management Inc. now owns 53,024 shares of the company’s stock worth $2,030,000 after buying an additional 2,314 shares during the period. Credit Suisse AG raised its position in Cinemark Holdings by 842.5% in the third quarter. Credit Suisse AG now owns 1,666,182 shares of the company’s stock worth $63,781,000 after buying an additional 1,489,400 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in Cinemark Holdings by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 32,256 shares of the company’s stock worth $1,235,000 after buying an additional 15,540 shares during the period. 87.89% of the stock is owned by institutional investors and hedge funds.
About Cinemark Holdings