Cinemark’s (CNK) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Cinemark (NYSE:CNK) in a research note released on Monday, Benzinga reports. The brokerage currently has a $24.00 price objective on the stock. Barrington Research also issued estimates for Cinemark’s Q3 2024 earnings at $0.27 EPS, FY2024 earnings at $0.84 EPS, Q3 2025 earnings at $0.49 EPS, FY2025 earnings at $1.35 EPS, Q1 2026 earnings at $0.17 EPS and FY2026 earnings at $1.76 EPS.

A number of other research firms also recently issued reports on CNK. B. Riley lifted their price objective on shares of Cinemark from $14.00 to $16.00 and gave the company a neutral rating in a report on Friday, May 3rd. Wedbush reissued an outperform rating and issued a $23.00 price target on shares of Cinemark in a report on Thursday, April 25th. Wells Fargo & Company raised shares of Cinemark from an underweight rating to an overweight rating and boosted their price objective for the company from $13.00 to $23.00 in a report on Friday, April 5th. JPMorgan Chase & Co. upped their price target on shares of Cinemark from $17.00 to $19.00 and gave the stock a neutral rating in a report on Monday, April 8th. Finally, StockNews.com lowered shares of Cinemark from a hold rating to a sell rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cinemark has a consensus rating of Hold and an average target price of $20.33.

Cinemark Trading Down 0.1 %

Shares of CNK opened at $17.37 on Monday. The firm has a market capitalization of $2.13 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 2.06 and a beta of 2.25. The company has a quick ratio of 1.45, a current ratio of 1.48 and a debt-to-equity ratio of 7.42. Cinemark has a 12-month low of $13.19 and a 12-month high of $20.40. The stock’s fifty day simple moving average is $17.94 and its 200-day simple moving average is $15.87.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.40. The company had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $561.91 million. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. Cinemark’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS. As a group, research analysts predict that Cinemark will post 0.86 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Wanda Marie Gierhart sold 19,593 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $16.75, for a total transaction of $328,182.75. Following the transaction, the insider now directly owns 179,591 shares of the company’s stock, valued at $3,008,149.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Cinemark

A number of large investors have recently added to or reduced their stakes in CNK. Commonwealth Equity Services LLC increased its holdings in shares of Cinemark by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 320,879 shares of the company’s stock worth $5,888,000 after purchasing an additional 13,720 shares during the period. First National Bank of Hutchinson raised its holdings in shares of Cinemark by 1.4% in the 3rd quarter. First National Bank of Hutchinson now owns 69,853 shares of the company’s stock valued at $1,282,000 after acquiring an additional 989 shares in the last quarter. Mitchell Capital Management Co. boosted its position in shares of Cinemark by 0.4% during the 3rd quarter. Mitchell Capital Management Co. now owns 387,784 shares of the company’s stock valued at $7,116,000 after acquiring an additional 1,470 shares during the last quarter. Capula Management Ltd grew its holdings in shares of Cinemark by 53.4% during the third quarter. Capula Management Ltd now owns 57,040 shares of the company’s stock worth $1,047,000 after purchasing an additional 19,860 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Cinemark during the third quarter worth about $74,000.

Cinemark Company Profile

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.