Cinemark Holdings, Inc. (CNK) Given New $47.00 Price Target at Royal Bank of Canada
Cinemark Holdings, Inc. (NYSE:CNK) had its target price raised by Royal Bank of Canada from $45.00 to $47.00 in a research report released on Monday. They currently have a sector perform rating on the stock.
Other equities analysts have also issued reports about the company. B. Riley reaffirmed a buy rating and issued a $52.50 price objective on shares of Cinemark Holdings in a research note on Monday, February 27th. FBR & Co downgraded Cinemark Holdings from an outperform rating to a market perform rating and set a $46.00 target price on the stock. in a report on Monday, April 3rd. Goldman Sachs Group Inc downgraded Cinemark Holdings from a conviction-buy rating to a buy rating and set a $49.00 target price on the stock. in a report on Monday, April 10th. Wedbush raised their target price on Cinemark Holdings from $40.00 to $43.00 and gave the company a neutral rating in a report on Thursday, February 16th. Finally, Wunderlich downgraded Cinemark Holdings from a buy rating to a hold rating and set a $47.00 target price on the stock. in a report on Wednesday, March 22nd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $44.12.
Shares of Cinemark Holdings (NYSE:CNK) opened at 43.51 on Monday. The company has a 50-day moving average of $43.13 and a 200 day moving average of $41.12. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 19.87 and a beta of 0.97. Cinemark Holdings has a one year low of $32.60 and a one year high of $44.84.
Cinemark Holdings (NYSE:CNK) last released its quarterly earnings data on Thursday, February 23rd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.23. The business had revenue of $707.20 million for the quarter, compared to analyst estimates of $703.77 million. Cinemark Holdings had a return on equity of 20.75% and a net margin of 8.06%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. Equities research analysts forecast that Cinemark Holdings will post $2.31 earnings per share for the current fiscal year.
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In other Cinemark Holdings news, EVP Tom Owens sold 8,475 shares of Cinemark Holdings stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $44.00, for a total transaction of $372,900.00. Following the sale, the executive vice president now directly owns 54,720 shares in the company, valued at approximately $2,407,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Cavalier sold 20,609 shares of Cinemark Holdings stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $44.01, for a total value of $907,002.09. Following the sale, the executive vice president now owns 152,562 shares in the company, valued at $6,714,253.62. The disclosure for this sale can be found here. Insiders have sold a total of 42,139 shares of company stock worth $1,854,714 over the last 90 days. 9.20% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Cinemark Holdings by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 26,700 shares of the company’s stock valued at $1,184,000 after buying an additional 600 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Cinemark Holdings during the first quarter valued at about $647,000. Capstone Asset Management Co. increased its stake in Cinemark Holdings by 5.3% in the first quarter. Capstone Asset Management Co. now owns 10,492 shares of the company’s stock valued at $465,000 after buying an additional 530 shares in the last quarter. Highland Capital Management LLC acquired a new stake in Cinemark Holdings during the first quarter valued at about $629,000. Finally, Macquarie Group Ltd. increased its stake in Cinemark Holdings by 27.8% in the fourth quarter. Macquarie Group Ltd. now owns 1,493,837 shares of the company’s stock valued at $57,304,000 after buying an additional 325,277 shares in the last quarter. Institutional investors own 90.73% of the company’s stock.
Cinemark Holdings Company Profile
Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres in the United States (U.S.), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Paraguay, Curacao and Bolivia. The Company manages its business in two segments: U.S.
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