Cinemark Holdings Inc (CNK) PT Lowered to $30.00
Cinemark Holdings Inc (NYSE:CNK) had its price target trimmed by Credit Suisse Group from $34.00 to $30.00 in a report published on Thursday. The firm currently has an underperform rating on the stock.
Several other equities analysts also recently weighed in on the company. Royal Bank Of Canada cut their target price on Cinemark Holdings from $43.00 to $40.00 and set a sector perform rating on the stock in a research report on Monday, September 25th. MKM Partners restated a buy rating and issued a $46.00 price target on shares of Cinemark Holdings in a research report on Monday, September 18th. Piper Jaffray Companies restated a buy rating on shares of Cinemark Holdings in a research report on Sunday, September 17th. Zacks Investment Research raised shares of Cinemark Holdings from a sell rating to a hold rating in a research note on Monday, September 11th. Finally, J P Morgan Chase & Co dropped their price objective on shares of Cinemark Holdings from $47.00 to $42.00 in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Cinemark Holdings presently has an average rating of Hold and a consensus price target of $42.33.
Shares of Cinemark Holdings (NYSE CNK) opened at 36.21 on Thursday. Cinemark Holdings has a 12 month low of $32.03 and a 12 month high of $44.84. The firm’s 50-day moving average is $35.22 and its 200 day moving average is $39.67. The stock has a market cap of $4.19 billion, a PE ratio of 15.47 and a beta of 1.10.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $751.20 million during the quarter, compared to analyst estimates of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. On average, equities analysts predict that Cinemark Holdings will post $2.08 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 31st were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.20%. Cinemark Holdings’s payout ratio is 49.57%.
In related news, CEO Mark Zoradi bought 5,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $32.19 per share, for a total transaction of $160,950.00. Following the purchase, the chief executive officer now directly owns 172,456 shares of the company’s stock, valued at $5,551,358.64. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 9.10% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of CNK. Advisor Group Inc. boosted its holdings in shares of Cinemark Holdings by 2.3% in the second quarter. Advisor Group Inc. now owns 3,767 shares of the company’s stock valued at $145,000 after purchasing an additional 84 shares during the period. Quantbot Technologies LP bought a new position in Cinemark Holdings in the second quarter worth approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cinemark Holdings by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the company’s stock worth $147,000 after purchasing an additional 330 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Cinemark Holdings by 224.8% in the second quarter. Advisors Asset Management Inc. now owns 4,752 shares of the company’s stock worth $185,000 after purchasing an additional 3,289 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new position in Cinemark Holdings in the first quarter worth approximately $200,000. 90.13% of the stock is owned by hedge funds and other institutional investors.
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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