Cinemark Holdings, Inc. (NYSE:CNK) Short Interest Update
Cinemark Holdings, Inc. (NYSE:CNK – Get Free Report) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 27,070,000 shares, an increase of 9.2% from the November 15th total of 24,780,000 shares. Currently, 24.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,990,000 shares, the days-to-cover ratio is currently 9.1 days.
Hedge Funds Weigh In On Cinemark
Hedge funds and other institutional investors have recently made changes to their positions in the business. VitalStone Financial LLC acquired a new stake in Cinemark in the first quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew its holdings in Cinemark by 38.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock valued at $39,000 after purchasing an additional 749 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in Cinemark by 28.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,194 shares of the company’s stock worth $45,000 after buying an additional 1,147 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of Cinemark in the second quarter worth $48,000. Finally, State of Wyoming acquired a new position in Cinemark in the second quarter worth about $55,000.
Analyst Ratings Changes
CNK has been the subject of several analyst reports. Roth Mkm cut their target price on shares of Cinemark from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, December 5th. StockNews.com initiated coverage on shares of Cinemark in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Wedbush reaffirmed an “outperform” rating and issued a $22.00 target price (up from $20.00) on shares of Cinemark in a research note on Monday, October 30th. Benchmark lifted their target price on shares of Cinemark from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Wells Fargo & Company decreased their price target on Cinemark from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Cinemark currently has an average rating of “Hold” and a consensus price target of $19.05.
Get Our Latest Research Report on Cinemark
Cinemark Trading Down 0.4 %
CNK stock traded down $0.06 during midday trading on Friday, reaching $15.29. 8,235,479 shares of the company’s stock traded hands, compared to its average volume of 2,869,655. The company has a debt-to-equity ratio of 7.36, a current ratio of 1.55 and a quick ratio of 1.51. Cinemark has a fifty-two week low of $8.28 and a fifty-two week high of $19.85. The business has a 50-day moving average price of $15.43 and a two-hundred day moving average price of $16.39. The company has a market capitalization of $1.86 billion, a P/E ratio of 27.30, a PEG ratio of 1.13 and a beta of 2.14.
Cinemark (NYSE:CNK – Get Free Report) last posted its earnings results on Friday, November 3rd. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. The business had revenue of $874.80 million for the quarter, compared to analyst estimates of $845.61 million. Cinemark had a net margin of 3.53% and a return on equity of 51.32%. The business’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.20) EPS. Equities research analysts forecast that Cinemark will post 1.36 EPS for the current fiscal year.
About Cinemark (Get Free Report)
Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 24, 20223 it operated 518 theatres with 5,847 screens in the United States, and South and Central America. The company was founded in 1984 and is headquartered in Plano, Texas.
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Original: MarketBeat News Feed: Cinemark Holdings, Inc. (NYSE:CNK) Short Interest Update