Stock of The Day: What’s Propelling Cinemark Holdings, Inc. to Increase So Much?

Stock of The Day: What's Propelling Cinemark Holdings, Inc. to Increase So Much?

The stock of Cinemark Holdings, Inc. (NYSE:CNK) is a huge mover today! About 191,276 shares traded hands. Cinemark Holdings, Inc. (NYSE:CNK) has risen 19.67% since March 3, 2016 and is uptrending. It has outperformed by 11.32% the S&P500.
The move comes after 7 months positive chart setup for the $4.70 billion company. It was reported on Oct, 6 by Barchart.com. We have $55.11 PT which if reached, will make NYSE:CNK worth $1.83B more.

Analysts await Cinemark Holdings, Inc. (NYSE:CNK) to report earnings on November, 3. They expect $0.50 earnings per share, up 25.00% or $0.10 from last year’s $0.4 per share. CNK’s profit will be $59.27M for 19.83 P/E if the $0.50 EPS becomes a reality. After $0.46 actual earnings per share reported by Cinemark Holdings, Inc. for the previous quarter, Wall Street now forecasts 8.70% EPS growth.

Cinemark Holdings, Inc. (NYSE:CNK) Ratings Coverage

Out of 16 analysts covering Cinemark Holdings (NYSE:CNK), 10 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 63% are positive. Cinemark Holdings has been the topic of 33 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, July 23 by Benchmark. The firm has “Buy” rating by Stifel Nicolaus given on Monday, September 28. Topeka Capital Markets maintained the stock with “Buy” rating in Tuesday, January 12 report. Loop Capital initiated it with “Buy” rating and $44 target price in Wednesday, August 24 report. BB&T Capital upgraded Cinemark Holdings, Inc. (NYSE:CNK) rating on Friday, August 7. BB&T Capital has “Hold” rating and $45 price target. As per Friday, February 5, the company rating was initiated by Credit Suisse. The rating was downgraded by Moffet Nathanson on Thursday, March 17 to “Neutral”. On Tuesday, October 4 the stock rating was maintained by Wunderlich with “Buy”. M Partners maintained Cinemark Holdings, Inc. (NYSE:CNK) rating on Thursday, January 28. M Partners has “Buy” rating and $37 price target. The firm earned “Outperform” rating on Monday, August 10 by RBC Capital Markets.

According to Zacks Investment Research, “CINEMARK HOLDINGS Is a leader in the motion picture exhibition industry.Cinemark operates 408 theatres and 4,657 screens in 38 states in the United States and internationally in 12 countries, mainly in Mexico, South and Central America.”

Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.23, from 1.01 in 2016Q1. The ratio improved, as 27 funds sold all Cinemark Holdings, Inc. shares owned while 85 reduced positions. 37 funds bought stakes while 102 increased positions. They now own 97.80 million shares or 2.30% less from 100.10 million shares in 2016Q1.
Magnetar Financial Limited last reported 6,227 shares in the company. Dorsey & Whitney Limited Liability Company last reported 0.09% of its portfolio in the stock. Bb&T Securities Limited Liability Com holds 0.01% or 18,339 shares in its portfolio. Park National Corporation Oh accumulated 0.01% or 5,575 shares. National Bank Of New York Mellon Corp last reported 2.18 million shares in the company. Teacher Retirement Of Texas holds 0% or 14,720 shares in its portfolio. State Treasurer State Of Michigan last reported 0.01% of its portfolio in the stock. Chicago Equity Prtn Limited Liability Company accumulated 0.03% or 29,280 shares. Gerstein Fisher holds 0.04% or 8,730 shares in its portfolio. Teachers Advsrs Incorporated has 92,547 shares for 0.01% of their US portfolio. Allianz Asset Ag last reported 0.01% of its portfolio in the stock. Blackrock Institutional Tru Na last reported 3.33 million shares in the company. Blackrock Investment Mngmt holds 0.02% of its portfolio in Cinemark Holdings, Inc. (NYSE:CNK) for 342,999 shares. Principal Fincl Grp Inc has 405,772 shares for 0.02% of their US portfolio. Evercore Wealth Mngmt Limited Liability holds 1,000 shares or 0% of its portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 1 sale for $643,432 net activity. Shares for $643,432 were sold by Fernandes Valmir.

More recent Cinemark Holdings, Inc. (NYSE:CNK) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Cinemark Holdings, Scripps Networks Interactive and Time …” on August 25, 2016. Also Businesswire.com published the news titled: “Cinemark Appoints Angelia E. Pelham as Chief Human Resources Officer” on January 15, 2016. Businesswire.com‘s news article titled: “Cinemark Holdings, Inc. Reports Record Revenues of $707.2 Million and Adjusted …” with publication date: February 24, 2016 was also an interesting one.

CNK Company Profile

Cinemark Holdings, Inc. (Cinemark), incorporated on August 2, 2006, is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Firm manages its business in two divisions: United States markets and international markets. The international segment consists of activities in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao. The Firm operates approximately 500 theatres and over 5,800 screens in the United States and Latin America. The Company’s United States circuit has approximately 340 theatres and over 4,510 screens in over 40 states and its international circuit has over 180 theatres and approximately 1,280 screens. It develops new platforms for its theatre circuit, such as XD, Movie Bistro, Cinemark Reserve, Luxury Lounger reclining seats, D-BOX seating, CineArts and other concepts. It plays mainstream films from various genres, such as animated films, family films, dramas, comedies, horror and action films. It offers content in both two-dimension (2-D) and three-dimension (3-D) formats in all of its theatres, and in select locations, it also offers a D-BOX format. The D-BOX format features moving seats and added sensory features in addition to the ultra-realistic images of 3-D technology.

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