Wedbush upgraded shares of Cinemark Holdings Inc (NYSE:CNK) from a neutral rating to an outperform rating in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm currently has $44.00 target price on the stock.

A number of other analysts have also issued reports on the company. Credit Suisse Group lowered Cinemark Holdings from a neutral rating to an underperform rating and lowered their price target for the stock from $38.00 to $34.00 in a research note on Thursday, June 22nd. Moffett Nathanson lowered Cinemark Holdings from a neutral rating to a sell rating and set a $33.00 price target on the stock. in a research note on Monday, June 12th. Royal Bank Of Canada lifted their price target on Cinemark Holdings from $45.00 to $47.00 and gave the stock a sector perform rating in a research note on Monday, April 17th. Goldman Sachs Group, Inc. (The) lowered Cinemark Holdings from a conviction-buy rating to a buy rating and set a $49.00 price target on the stock. in a research note on Monday, April 10th. Finally, MKM Partners reaffirmed a buy rating and issued a $50.00 price target (up from $48.00) on shares of Cinemark Holdings in a research note on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $43.50.

Cinemark Holdings (NYSE:CNK) opened at 39.21 on Wednesday. Cinemark Holdings has a 52-week low of $36.08 and a 52-week high of $44.84. The stock’s 50 day moving average price is $38.73 and its 200-day moving average price is $41.33. The company has a market capitalization of $4.54 billion, a P/E ratio of 16.54 and a beta of 1.04.

Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The firm had revenue of $779.60 million for the quarter, compared to analyst estimates of $750.75 million. Cinemark Holdings had a return on equity of 21.75% and a net margin of 9.23%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. Analysts predict that Cinemark Holdings will post $2.19 earnings per share for the current fiscal year.

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In other Cinemark Holdings news, insider Valmir Fernandes sold 6,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $43.53, for a total transaction of $261,180.00. Following the transaction, the insider now owns 85,505 shares of the company’s stock, valued at $3,722,032.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in shares of 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. Jennison Associates LLC raised its position in shares of Cinemark Holdings by 5.9% in the first quarter. Jennison Associates LLC now owns 3,000,315 shares of the company’s stock valued at $133,034,000 after buying an additional 167,327 shares in the last quarter. Sit Investment Associates Inc. raised its position in shares of Cinemark Holdings by 7.6% in the first quarter. Sit Investment Associates Inc. now owns 95,925 shares of the company’s stock valued at $4,253,000 after buying an additional 6,800 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Cinemark Holdings by 36.1% in the fourth quarter. Guggenheim Capital LLC now owns 16,048 shares of the company’s stock valued at $616,000 after buying an additional 4,256 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Cinemark Holdings by 46.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 237,443 shares of the company’s stock valued at $9,107,000 after buying an additional 74,861 shares in the last quarter. 89.68% of the stock is currently owned by 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.

Analyst Recommendations for Cinemark Holdings (NYSE:CNK)

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