Cinemark Holdings, Inc. (NYSE:CNK) CEO Mark Zoradi acquired 20,000 shares of Cinemark stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $25.87 per share, for a total transaction of $517,400.00.
Shares of CNK stock opened at $25.96 on Friday. Cinemark Holdings, Inc. has a 1-year low of $23.70 and a 1-year high of $43.51. The stock’s fifty day moving average price is $31.07 and its 200 day moving average price is $34.90. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.87 and a beta of 0.68.
Cinemark (NYSE:CNK) last announced its earnings results on Friday, February 21st. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.23). Cinemark had a return on equity of 14.74% and a net margin of 5.83%. The business had revenue of $788.80 million for the quarter, compared to analysts’ expectations of $799.87 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.55%. This is an increase from Cinemark’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 5th. Cinemark’s payout ratio is 83.44%.
A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in Cinemark by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 6,424,421 shares of the company’s stock worth $217,467,000 after buying an additional 43,203 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its stake in Cinemark by 29.9% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 5,738,752 shares of the company’s stock worth $194,257,000 after buying an additional 1,319,655 shares during the last quarter. Renaissance Technologies LLC grew its stake in Cinemark by 7.1% during the 4th quarter. Renaissance Technologies LLC now owns 3,956,000 shares of the company’s stock worth $133,911,000 after buying an additional 263,600 shares during the last quarter. Raymond James & Associates grew its stake in Cinemark by 5.9% during the 4th quarter. Raymond James & Associates now owns 2,518,356 shares of the company’s stock worth $85,246,000 after buying an additional 139,884 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in Cinemark by 23.7% during the 4th quarter. Macquarie Group Ltd. now owns 2,300,282 shares of the company’s stock worth $77,864,000 after buying an additional 440,372 shares during the last quarter. Hedge funds and other institutional investors own 99.89% of the company’s stock.
A number of research analysts have recently issued reports on CNK shares. Zacks Investment Research upgraded Cinemark from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. B. Riley cut their price target on Cinemark from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $39.00 price target (down from $40.00) on shares of Cinemark in a report on Monday, February 24th. MKM Partners cut their price target on Cinemark from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Wedbush cut their price target on Cinemark from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Cinemark has a consensus rating of “Buy” and a consensus target price of $40.58.
Cinemark Company Profile
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of December 31, 2018, it operated 341 theatres and 4,586 screens in 41 states of the United States; and 205 theatres and 1,462 screens in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.
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