Cinemark (NYSE:CNK) had its price objective cut by research analysts at MKM Partners to $44.00 in a research report issued on Wednesday. The firm presently has a “buy” rating on the stock. MKM Partners’ price objective would indicate a potential upside of 21.65% from the stock’s previous close.

A number of other equities research analysts have also recently commented on CNK. Credit Suisse Group lowered their target price on Cinemark from $34.00 to $30.00 and set an “underperform” rating on the stock in a report on Thursday, September 28th. Morgan Stanley upgraded Cinemark from an “underweight” rating to an “equal weight” rating and set a $38.00 target price on the stock in a report on Thursday, October 5th. Wedbush reiterated an “outperform” rating and set a $44.00 target price on shares of Cinemark in a report on Thursday, October 5th. Zacks Investment Research cut Cinemark from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Finally, B. Riley set a $47.00 target price on Cinemark and gave the company a “buy” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.50.

Cinemark (NYSE CNK) opened at $36.17 on Wednesday. Cinemark has a one year low of $32.03 and a one year high of $44.84. The firm has a market capitalization of $4,083.33, a P/E ratio of 17.14, a P/E/G ratio of 0.99 and a beta of 1.18. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.50.

Cinemark (NYSE:CNK) last announced its earnings results on Friday, November 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $710.70 million for the quarter, compared to analyst estimates of $702.60 million. Cinemark had a net margin of 8.36% and a return on equity of 18.43%. Cinemark’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. equities analysts predict that Cinemark will post 1.92 earnings per share for the current fiscal year.

In other news, EVP Tom Owens sold 9,213 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $36.00, for a total transaction of $331,668.00. Following the sale, the executive vice president now owns 42,722 shares in the company, valued at $1,537,992. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lee Roy Mitchell sold 299,700 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $36.43, for a total value of $10,918,071.00. Following the sale, the director now owns 5,528,843 shares in the company, valued at approximately $201,415,750.49. The disclosure for this sale can be found here. Insiders have sold 483,820 shares of company stock worth $17,672,093 in the last 90 days. Insiders own 9.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Cinemark by 1,771.5% in the third quarter. Victory Capital Management Inc. now owns 3,510,900 shares of the company’s stock valued at $127,129,000 after acquiring an additional 3,323,302 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Cinemark by 4.3% in the second quarter. Vanguard Group Inc. now owns 9,385,792 shares of the company’s stock valued at $364,639,000 after acquiring an additional 382,700 shares during the last quarter. River Road Asset Management LLC boosted its holdings in Cinemark by 16.2% in the third quarter. River Road Asset Management LLC now owns 2,269,850 shares of the company’s stock valued at $82,191,000 after acquiring an additional 317,029 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Cinemark in the second quarter valued at $8,856,000. Finally, Sarasin & Partners LLP boosted its holdings in Cinemark by 17.2% in the third quarter. Sarasin & Partners LLP now owns 1,406,339 shares of the company’s stock valued at $50,924,000 after acquiring an additional 206,877 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

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About Cinemark

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 (NYSE:CNK)

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