Credit Suisse Assumes Cinemark Holdings to Neutral

Brokerage firm Credit Suisse Assumes its rating on Cinemark Holdings(NYSE:CNK). The shares have been rated Neutral. The rating by Credit Suisse was issued on Jun 13, 2016.

In a different note, On Apr 4, 2016, JP Morgan said it Maintains its rating on Cinemark Holdings. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 30, 2016, B. Riley said it Downgrades its rating on Cinemark Holdings. The shares have been rated ‘Neutral’ by the firm. On Mar 17, 2016, Moffet Nathanson said it Downgrades its rating on Cinemark Holdings. The shares have been rated ‘Neutral’ by the firm.

Cinemark Holdings (CNK) made into the market gainers list on Fridays trading session with the shares advancing 0.83% or 0.28 points. Due to strong positive momentum, the stock ended at $34.08, which is also near the day’s high of $34.17. The stock began the session at $33.86 and the volume stood at 7,90,857 shares. The 52-week high of the shares is $42.52 and the 52 week low is $26.56. The company has a current market capitalization of $3,959 M and it has 11,61,71,106 shares in outstanding.

Cinemark Holdings(CNK) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $704.87M. Analysts had an estimated revenue of $698.68M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Valmir Fernandes (Pr – Cinemark International) sold 17,983 shares at $35.78 per share price.Also, On Aug 31, 2015, Timothy Warner (Vice Chairman of the Board) sold 15,676 shares at $35.73 per share price.On Aug 31, 2015, Robert Copple (President & COO) sold 28,250 shares at $36.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Cinemark Holdings Inc. 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 and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31 2014 the Company operated 495 theatres and 5676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit including NextGen CineArts Cinemark Bistro Cinemark Reserve and other premium concepts such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31 2014 the Company’s United States circuit had 335 theatres and 4499 screens in 41 states and its international circuit had 160 theatres and 1177 screens.

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