Cinemark Holdings, Inc. (NYSE:CNK – Get Rating) shares reached a new 52-week low during trading on Wednesday after Benchmark lowered their price target on the stock from $22.00 to $17.00. Benchmark currently has a buy rating on the stock. Cinemark traded as low as $8.91 and last traded at $8.95, with a volume of 229104 shares traded. The stock had previously closed at $9.21.

CNK has been the subject of several other research reports. Morgan Stanley decreased their price objective on shares of Cinemark from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, October 27th. Credit Suisse Group downgraded shares of Cinemark from an "outperform" rating to an "underperform" rating and decreased their price objective for the stock from $25.00 to $9.00 in a research note on Wednesday, October 12th. StockNews.com started coverage on shares of Cinemark in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. Wells Fargo & Company decreased their price objective on shares of Cinemark from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Monday, November 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Cinemark from $19.00 to $15.00 and set a "neutral" rating for the company in a research note on Monday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $15.89.

Insider Activity at Cinemark

In related news, Director Enrique Senior sold 35,054 shares of Cinemark stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $12.47, for a total transaction of $437,123.38. Following the transaction, the director now directly owns 46,609 shares of the company's stock, valued at $581,214.23. The sale was disclosed in a filing with the SEC, which is accessible through this link. 10.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cinemark

Cinemark Stock Down 2.8 %

The company's fifty day simple moving average is $11.57 and its 200-day simple moving average is $13.91. The company has a debt-to-equity ratio of 12.49, a current ratio of 1.27 and a quick ratio of 1.24. The firm has a market capitalization of $1.08 billion, a PE ratio of -6.49 and a beta of 2.07.

Cinemark (NYSE:CNK – Get Rating) last released its quarterly earnings results on Friday, November 4th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.01. Cinemark had a negative net margin of 6.59% and a negative return on equity of 27.93%. The business had revenue of $650.40 million for the quarter, compared to analyst estimates of $616.20 million. On average, analysts forecast that Cinemark Holdings, Inc. will post -1.45 EPS for the current year.

Cinemark Company Profile

(Get Rating)

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of June 30, 2022, it operated 522 theatres with 5,868 screens in the United States, and South and Central America. The company was founded in 1984 and is headquartered in Plano, Texas.

Further Reading

• Get a free copy of the StockNews.com research report on Cinemark (CNK)
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