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Will Cinemark Holdings Inc (CNK) benefit from Wall Street bulls Calls?

Cinemark Holdings Inc (NYSE: CNK) is 27.54% higher on its value in year-to-date trading and has touched a low of $13.19 and a high of $19.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNK stock was last observed hovering at around $18.07 in the last trading session, with the day’s loss setting it -0.1%.

Currently trading at $17.97, the stock is 0.84% and 11.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing -0.55% at the moment leaves the stock 11.88% off its SMA200. CNK registered 28.08% gain for a year compared to 6-month loss of -0.66%. The firm has a 50-day simple moving average (SMA 50) of $1.59 and a 200-day simple moving average (SMA200) of $8.09.

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The stock witnessed a 4.54% gain in the last 1 month and extending the period to 3 months gives it a 28.45%, and is 0.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.47% over the week and 3.27% over the month.

Cinemark Holdings Inc (CNK) has around 17500 employees, a market worth around $2.18B and $3.07B in sales. Current P/E ratio is 14.54 and Fwd P/E is 11.20. Profit margin for the company is 6.01%. Distance from 52-week low is 36.24% and -9.47% from its 52-week high. The company has generated returns on investments over the last 12 months (5.08%).

Cinemark Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.26 with sales reaching $533.7M over the same period.The EPS is expected to shrink by -48.60% this year, but quarterly earnings will post -7.00% year-over-year. Quarterly sales are estimated to shrink -5.80% in year-over-year returns.

Cinemark Holdings Inc (CNK) Top Institutional Holders

339 institutions hold shares in Cinemark Holdings Inc (CNK), with institutional investors hold 125.34% of the company’s shares. The shares outstanding are 121.60M, and float is at 108.55M with Short Float at 24.94%. Institutions hold 111.95% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 17.9 million shares valued at $295.36 million. The investor’s holdings represent 14.72% of the CNK Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 13.63 million shares valued at $224.9 million to account for 11.21% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 13.32 million shares representing 10.95% and valued at over $219.74 million, while Orbis Allan Gray Ltd holds 9.02% of the shares totaling 10.97 million with a market value of $180.99 million.

Cinemark Holdings Inc (CNK) Insider Activity

The most recent transaction is an insider sale by Gierhart Wanda Marie,the company’sChief Marketing & Content Ofc. SEC filings show that Gierhart Wanda Marie sold 19,593 shares of the company’s common stock on Feb 28 ’24 at a price of $16.75 per share for a total of $0.33 million. Following the sale, the insider now owns 0.18 million shares.

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