Cinemark Holdings Inc (NYSE:CNK) had its target price lowered by Barrington Research from $49.00 to $46.00 in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock. Barrington Research also issued estimates for Cinemark Holdings’ Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.10 EPS, Q1 2018 earnings at $0.72 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.35 EPS and FY2019 earnings at $2.65 EPS.
Several other research firms have also issued reports on CNK. Wedbush boosted their price target on shares of Cinemark Holdings from $43.00 to $45.00 and gave the company a neutral rating in a research report on Tuesday, July 4th. Credit Suisse Group lowered shares of Cinemark Holdings from a neutral rating to an underperform rating and lowered their price target for the company from $38.00 to $34.00 in a research report on Thursday, June 22nd. Morgan Stanley lowered their price target on shares of Cinemark Holdings from $43.00 to $40.00 and set an underweight rating on the stock in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) lowered shares of Cinemark Holdings from a conviction-buy rating to a buy rating and set a $49.00 price target on the stock. in a research report on Monday, April 10th. Finally, ValuEngine lowered shares of Cinemark Holdings from a buy rating to a hold rating in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $43.14.
Cinemark Holdings (CNK) traded down 0.03% on Monday, reaching $36.81. 671,223 shares of the company’s stock traded hands. The company’s 50 day moving average is $38.26 and its 200-day moving average is $41.23. Cinemark Holdings has a 52-week low of $36.60 and a 52-week high of $44.84. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 15.73 and a beta of 1.03.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. Cinemark Holdings had a net margin of 9.12% and a return on equity of 20.98%. The company had revenue of $751.20 million for the quarter, compared to analyst estimates of $751.72 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts expect that Cinemark Holdings will post $2.16 EPS for the current year.
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A number of hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in Cinemark Holdings by 17.5% in the second quarter. FMR LLC now owns 11,685,034 shares of the company’s stock worth $453,963,000 after buying an additional 1,742,861 shares during the period. BlackRock Inc. raised its stake in Cinemark Holdings by 13,956.8% in the first quarter. BlackRock Inc. now owns 11,065,807 shares of the company’s stock worth $490,657,000 after buying an additional 10,987,085 shares during the period. Vanguard Group Inc. raised its stake in Cinemark Holdings by 4.3% in the second quarter. Vanguard Group Inc. now owns 9,385,792 shares of the company’s stock worth $364,639,000 after buying an additional 382,700 shares during the period. JPMorgan Chase & Co. raised its stake in Cinemark Holdings by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 6,095,192 shares of the company’s stock worth $236,798,000 after buying an additional 160,113 shares during the period. Finally, Jennison Associates LLC raised its stake in Cinemark Holdings by 32.9% in the second quarter. Jennison Associates LLC now owns 3,988,676 shares of the company’s stock worth $154,960,000 after buying an additional 988,361 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.
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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