Media headlines about Cinemark Holdings (NYSE:CNK) have trended somewhat negative recently, according to AlphaOne Sentiment. The research firm, a division of Accern, identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cinemark Holdings earned a media sentiment score of -0.03 on AlphaOne’s scale. AlphaOne also gave news articles about the company an impact score of 43 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted AlphaOne Sentiment’s scoring:
- Cinemark Holdings, Inc. – Value Analysis (NYSE:CNK) : April 19, 2017 (finance.yahoo.com)
- Cinemark to Host First Quarter 2017 Earnings Conference Call (finance.yahoo.com)
- Cinemark Holdings, Inc. breached its 50 day moving average in a Bullish Manner : CNK-US : April 18, 2017 (finance.yahoo.com)
- Positive News Coverage Very Likely to Effect Cinemark Holdings (CNK) Stock Price (americanbankingnews.com)
- Cinemark Holdings, Inc. (CNK) Price Target Raised to $47.00 at Royal Bank of Canada (americanbankingnews.com)
Cinemark Holdings (NYSE:CNK) traded up 1.37% during trading on Thursday, hitting $43.51. 480,070 shares of the company traded hands. The company’s 50 day moving average is $43.09 and its 200-day moving average is $41.10. The stock has a market capitalization of $5.03 billion, a PE ratio of 19.87 and a beta of 0.97. Cinemark Holdings has a 52 week low of $32.60 and a 52 week high of $44.84.
Cinemark Holdings (NYSE:CNK) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.23. The firm had revenue of $707.20 million for the quarter, compared to analysts’ expectations of $703.77 million. Cinemark Holdings had a net margin of 8.06% and a return on equity of 20.75%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. Analysts predict that Cinemark Holdings will post $2.31 earnings per share for the current year.
Several research firms have recently weighed in on CNK. B. Riley restated a “buy” rating and set a $53.50 price objective on shares of Cinemark Holdings in a research report on Tuesday. Goldman Sachs Group Inc cut shares of Cinemark Holdings from a “conviction-buy” rating to a “buy” rating and set a $49.00 price objective on the stock. in a research report on Monday, April 10th. Wedbush restated a “neutral” rating and set a $45.00 price objective (up previously from $43.00) on shares of Cinemark Holdings in a research report on Friday, April 7th. Royal Bank of Canada raised their price objective on shares of Cinemark Holdings from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, FBR & Co raised their price objective on shares of Cinemark Holdings from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $44.12.
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In other news, EVP Tom Owens sold 8,475 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $44.00, for a total value of $372,900.00. Following the transaction, the executive vice president now directly owns 54,720 shares in the company, valued at $2,407,680. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael Cavalier sold 20,609 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $44.01, for a total transaction of $907,002.09. Following the completion of the transaction, the executive vice president now owns 152,562 shares in the company, valued at $6,714,253.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,139 shares of company stock worth $1,854,714. Company insiders own 9.20% of the company’s stock.
Cinemark Holdings Company Profile
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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