Cinemark Holdings Inc (NYSE:CNK)‘s stock had its “hold” rating reiterated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, August 9th. They currently have a $43.00 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 24.57% from the stock’s current price.
CNK has been the subject of a number of other reports. BidaskClub raised Cinemark Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Wedbush reissued a “buy” rating on shares of Cinemark Holdings in a research report on Monday, August 7th. Moffett Nathanson downgraded Cinemark Holdings from a “neutral” rating to a “sell” rating and set a $33.00 price objective for the company. in a research report on Monday, June 12th. B. Riley reissued a “buy” rating and set a $53.50 price objective on shares of Cinemark Holdings in a research report on Thursday, April 27th. Finally, MKM Partners reissued a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Cinemark Holdings in a research report on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Cinemark Holdings presently has an average rating of “Hold” and a consensus price target of $43.14.
Cinemark Holdings (CNK) traded down 3.06% on Wednesday, reaching $34.52. 2,275,672 shares of the company’s stock were exchanged. Cinemark Holdings has a one year low of $34.32 and a one year high of $44.84. The firm has a market cap of $4.00 billion, a PE ratio of 14.75 and a beta of 1.03. The firm has a 50 day moving average price of $37.82 and a 200 day moving average price of $40.98.
Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $751.20 million during the quarter, compared to the consensus estimate of $751.72 million. Cinemark Holdings had a return on equity of 20.98% and a net margin of 9.12%. The company’s quarterly revenue 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 anticipate that Cinemark Holdings will post $2.13 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its stake in 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 buying an additional 84 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Cinemark Holdings during the second quarter valued at $146,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $147,000 after buying an additional 330 shares during the last quarter. Advisors Asset Management Inc. boosted 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 valued at $185,000 after buying an additional 3,289 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new stake in Cinemark Holdings during the first quarter valued at $200,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.
About Cinemark Holdings
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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