Cinemark Holdings Inc. (NYSE: CNK) stock jumped 0.78% on Monday to $16.90 against a previous-day closing price of $16.77. With 2.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.7 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $17.16 whereas the lowest price it dropped to was $16.41. The 52-week range on CNK shows that it touched its highest point at $18.85 and its lowest point at $8.28 during that stretch. It currently has a 1-year price target of $19.67. Beta for the stock currently stands at 2.27.
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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 4.97%, but this was down by -4.57% over a month. Three-month performance dropped to -0.88% while six-month performance rose 37.73%. The stock gained 22.38% in the past year, while it has gained 95.15% so far this year. A look at the trailing 12-month EPS for CNK yields -0.29 with Next year EPS estimates of 1.22. For the next quarter, that number is 0.37. This implies an EPS growth rate of 36.30% for this year and 0.33% 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 -26.20%.
Float and Shares Shorts:
At present, 119.10 million CNK shares are outstanding with a float of 108.71 million shares on hand for trading. On Aug 30, 2023, short shares totaled 23.33 million, which was 19.18% higher than short shares on Jul 30, 2023. In addition to Mr. Sean Gamble as the firm’s CEO, Pres & Director, Ms. Melissa Thomas serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 112.99% of CNK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.95% of CNK, in contrast to 51.97% held by mutual funds. Shares owned by individuals account for 25.59%. As the largest shareholder in CNK with 13.41% of the stake, BlackRock Fund Advisors holds 16,315,333 shares worth 16,315,333. A second-largest stockholder of CNK, The Vanguard Group, Inc., holds 13,331,352 shares, controlling over 10.96% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in CNK, holding 13,317,557 shares or 10.95% stake. With a 6.28% stake in CNK, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 7,635,446 shares are owned by the mutual fund manager. The GBM 106 SA de CV SIRV, which owns about 4.87% of CNK stock, is the second-largest Mutual Fund holder. It holds 5,920,000 shares valued at 96.38 million. Vanguard Explorer Fund holds 3.52% of the stake in CNK, owning 4,276,931 shares worth 69.63 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 Jun 29, 2023, CNK reported revenue of $744.10M and operating income of $72.80M. The EBITDA in the recently reported quarter was $131.40M and diluted EPS was -$0.61.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNK since 0 analysts follow the stock currently. 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 $24.00 and a low target of $14.00, the average target price over the next 12 months is $19.67. Based on these targets, CNK could surge 42.01% to reach the target high and fall by -17.16% to reach the target low. Reaching the average price target will result in a growth of 16.39% 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.
Summary of Insider Activity:
Insiders traded CNK stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 2,276 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 899,712 while 153,039 shares were sold.
