Wunderlich Downgrades Cinemark Holdings to Hold

Brokerage firm Wunderlich Downgrades its rating on Cinemark Holdings(CNK). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Wunderlich was issued on Mar 22, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 27, 2017, RBC Capital said it Upgrades its rating on Cinemark Holdings. The shares have been rated ‘Sector Perform’ by the firm.

Cinemark Holdings (CNK) made into the market gainers list on Fridays trading session with the shares advancing 0.14% or 0.06 points. Due to strong positive momentum, the stock ended at $43.26, which is also near the day’s high of $43.59. The stock began the session at $43.36 and the volume stood at 7,84,434 shares. The 52-week high of the shares is $44.84 and the 52 week low is $32.6. The company has a current market capitalization of $5,227 M and it has 12,08,34,036 shares in outstanding.

Cinemark Holdings(CNK) last announced its earnings results on Feb 23, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $700.918M. Analysts had an estimated revenue of $709.590M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Mar 20, 2017, Michael Cavalier (EVP-General Counsel) sold 20,609 shares at $44.01 per share price.Also, On Mar 14, 2017, Tom Owens (EVP – Real Estate) sold 8,475 shares at $44.00 per share price.On Dec 21, 2016, Sean Gamble (Chief Financial Officer) sold 3,412 shares at $39.24 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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