Check out these key findings about Cinemark Holdings Inc. (CNK)

Cinemark Holdings Inc. (NYSE: CNK) stock fell -0.15% on Friday to $19.35 against a previous-day closing price of $19.38. With 2.3 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.38 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $19.73 whereas the lowest price it dropped to was $19.21. The 52-week range on CNK shows that it touched its highest point at $23.15 and its lowest point at $13.37 during that stretch. It currently has a 1-year price target of $21.41. Beta for the stock currently stands at 2.19.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNK was up-trending over the past week, with a rise of 2.16%, but this was up by 25.16% over a month. Three-month performance surged to 20.71% while six-month performance rose 27.05%. The stock gained 35.03% in the past year, while it has gained 20.04% so far this year. A look at the trailing 12-month EPS for CNK yields -4.02 with Next year EPS estimates of 1.04. For the next quarter, that number is 0.23. This implies an EPS growth rate of 24.90% for this year and 1628.60% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -34.20%.

Float and Shares Shorts:

At present, 117.90 million CNK shares are outstanding with a float of 107.11 million shares on hand for trading. On Jul 14, 2022, short shares totaled 22.63 million, which was 18.79% higher than short shares on Jun 14, 2022. In addition to Mr. Sean Gamble as the firm’s CEO, Pres & Director, Mr. Lee Roy Mitchell serves as its Founder & Director.

Institutional Ownership:

Through their ownership of 99.19% of CNK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.19% of CNK, in contrast to 44.71% held by mutual funds. Shares owned by individuals account for 25.08%. As the largest shareholder in CNK with 13.75% of the stake, BlackRock Fund Advisors holds 16,564,335 shares worth 16,564,335. A second-largest stockholder of CNK, The Vanguard Group, Inc., holds 11,380,542 shares, controlling over 9.45% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in CNK, holding 10,801,403 shares or 8.97% stake. With a 6.28% stake in CNK, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 7,559,468 shares are owned by the mutual fund manager. The GBM 106 SA de CV SIRV, which owns about 4.92% of CNK stock, is the second-largest Mutual Fund holder. It holds 5,920,000 shares valued at 88.92 million. Vanguard Explorer Fund holds 3.40% of the stake in CNK, owning 4,097,749 shares worth 61.55 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, CNK reported revenue of $460.50M and operating income of -$39.90M. Over the past year, revenue came in at $1.86B while operating income stood at -$115.97M. It generated -$74.00M net income for the quarter, which came to -$288.48M over the last twelve months. The EBITDA in the recently reported quarter was $21.20M and diluted EPS was -$0.62. EBITDA for the full year was $159.63M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNK since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CNK analysts setting a high price target of $27.00 and a low target of $13.50, the average target price over the next 12 months is $21.46. Based on these targets, CNK could surge 39.53% to reach the target high and fall by -30.23% to reach the target low. Reaching the average price target will result in a growth of 10.9% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CNK will report FY 2022 earnings on 02/24/2023. Analysts have provided yearly estimates in a range of $0.59 being high and -$0.56 being low. For CNK, this leads to a yearly average estimate of -$0.12. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Cinemark Holdings Inc. surprised analysts by $0.01 when it reported -$0.62 EPS against a consensus estimate of -$0.63. The surprise factor in the prior quarter was $0.18. Based on analyst estimates, the high estimate for the next quarter is $0.39 and the low estimate is -$0.01. The average estimate for the next quarter is thus $0.23.

Summary of Insider Activity:

Insiders traded CNK stock several times over the past three months with 9 Buys and 1 Sells. In these transactions, 75,654 shares were bought while 5,500 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 403,693 while 434,423 shares were sold.

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