Cinemark Holdings, Inc. (NYSE:CNK) Short Interest Down 6.8% in May (2024)

Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 27,110,000 shares, a decrease of 6.8% from the April 30th total of 29,090,000 shares. Approximately 24.8% of the company's stock are sold short. Based on an average daily volume of 2,940,000 shares, the short-interest ratio is currently 9.2 days.

Wall Street Analysts Forecast Growth

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CNK has been the topic of several recent analyst reports. Barrington Research reiterated an "outperform" rating and issued a $24.00 price target on shares of Cinemark in a research note on Monday, May 6th. JPMorgan Chase & Co. increased their price target on shares of Cinemark from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. StockNews.com lowered shares of Cinemark from a "hold" rating to a "sell" rating in a research note on Thursday. Wedbush reiterated an "outperform" rating and issued a $23.00 price target on shares of Cinemark in a research note on Thursday, April 25th. Finally, B. Riley increased their price objective on Cinemark from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.33.

View Our Latest Analysis on CNK

Cinemark Stock Performance

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Shares of CNK stock traded down $0.16 during trading hours on Monday, hitting $17.11. The stock had a trading volume of 2,168,885 shares, compared to its average volume of 3,015,333. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.48 and a quick ratio of 1.45. The stock's 50 day moving average is $17.87 and its 200 day moving average is $16.15. Cinemark has a twelve month low of $13.19 and a twelve month high of $20.40. The firm has a market capitalization of $2.09 billion, a PE ratio of 11.80, a PEG ratio of 1.58 and a beta of 2.27.

Cinemark (NYSE:CNK - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.40. Cinemark had a return on equity of 69.48% and a net margin of 7.12%. The firm had revenue of $579.00 million during the quarter, compared to the consensus estimate of $561.91 million. During the same period last year, the company earned ($0.03) earnings per share. The company's revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts forecast that Cinemark will post 1.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cinemark

Hedge funds have recently modified their holdings of the stock. NBC Securities Inc. acquired a new stake in shares of Cinemark during the third quarter worth $74,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Cinemark during the third quarter worth $193,000. Algert Global LLC acquired a new stake in shares of Cinemark during the third quarter worth $222,000. Inspire Advisors LLC acquired a new stake in Cinemark in the first quarter valued at $240,000. Finally, Virtu Financial LLC acquired a new stake in Cinemark in the fourth quarter valued at $192,000.

Cinemark Company Profile

(Get Free Report)

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.

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