Cinemark (NYSE:CNK) Trading Down 3.7%

Cinemark Holdings, Inc. (NYSE:CNKGet Free Report) was down 3.7% on Tuesday . The stock traded as low as $17.15 and last traded at $17.22. Approximately 590,011 shares were traded during trading, a decline of 80% from the average daily volume of 3,009,230 shares. The stock had previously closed at $17.88.

Analyst Ratings Changes

Several analysts recently commented on CNK shares. Wells Fargo & Company raised Cinemark from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $13.00 to $23.00 in a report on Friday, April 5th. downgraded Cinemark from a “hold” rating to a “sell” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and issued a $23.00 price objective on shares of Cinemark in a research note on Friday, May 3rd. B. Riley boosted their target price on shares of Cinemark from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $24.00 target price on shares of Cinemark in a report on Monday, May 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.33.

View Our Latest Report on Cinemark

Cinemark Stock Performance

The company has a market cap of $2.07 billion, a P/E ratio of 11.69, a PEG ratio of 1.52 and a beta of 2.25. The business’s 50 day simple moving average is $17.92 and its 200 day simple moving average is $16.09. The company has a current ratio of 1.48, a quick ratio of 1.45 and a debt-to-equity ratio of 7.42.

Cinemark (NYSE:CNKGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.40. The firm had revenue of $579.00 million for the quarter, compared to the consensus estimate of $561.91 million. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm earned ($0.03) EPS. Sell-side analysts predict that Cinemark Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cinemark

Large investors have recently made changes to their positions in the business. NBC Securities Inc. bought a new stake in Cinemark during the 3rd quarter valued at approximately $74,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Cinemark during the third quarter valued at approximately $193,000. Algert Global LLC purchased a new position in shares of Cinemark in the third quarter worth $222,000. Inspire Advisors LLC purchased a new position in shares of Cinemark in the first quarter worth $240,000. Finally, Virtu Financial LLC purchased a new position in Cinemark during the fourth quarter valued at $192,000.

Cinemark Company Profile

(Get Free Report)

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.

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