Cinemark Holdings, Inc(CNK)- NYSE
  • Mon, Aug. 29, 11:42 AM
    • The U.S. box office is up 5.5% to $7.9328B after the first eight months of the year, according to tallying from Box Office Mojo.
    • Higher ticket prices account for some of the gain.
    • Despite a solid summer in terms of movie theater attendance, studios may have left something on the table as they suffered from "sequelitis virus," according to an insider look from The Hollywood Reporter.
    • SA contributor L&F Capital Management pointed out last week that Disney's box office dominance (Finding Dory, Captain America: Civil War, The Jungle Book) this year bodes well for Netflix (NFLX +0.7%) which has exclusive streaming rights for the movies geared at children.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Mon, Aug. 29, 11:42 AM | 3 Comments
  • Wed, Aug. 24, 7:33 AM
    • Exhibitor stocks have a new fan in boutique firm Loop Capital.
    • Loop Capital starts coverage on Cinemark (NYSE:CNK) and AMC Entertainment (NYSE:AMC) with Buy ratings. Regal Entertainment (NYSE:RGC) is initiated with a Hold rating.
    • The U.S. box office is up 4.8% over last year's level through August 22, according to tracking from Box Office Mojo.
    | Wed, Aug. 24, 7:33 AM
  • Thu, Aug. 18, 7:45 AM
    • Cinemark Holdings (NYSE:CNK) declares $0.27/share quarterly dividend, in line with previous.
    • Forward yield 2.84%
    • Payable Sept. 13; for shareholders of record Aug. 31; ex-div Aug. 29.
    | Thu, Aug. 18, 7:45 AM
  • Tue, Aug. 9, 6:32 AM
    • Cinemark Holdings (NYSE:CNK): Q2 EPS of $0.46 misses by $0.03.
    • Revenue of $744.4M (-6.9% Y/Y) beats by $5.32M.
    • Press Release
    | Tue, Aug. 9, 6:32 AM
  • Mon, Aug. 8, 5:30 PM
  • Thu, Aug. 4, 9:34 AM
    • B. Riley CNK)+to+Buy/11901141.html" target="_blank">upgrades Cinemark Holdings (CNK +1.4%) to a Buy rating from Neutral.
    • Analyst Eric Wold suggests taking the longer view on Cinemark with stronger box office trends expected for 2017.
    • The investment firm lifts its price target on the exhibitor stock to $47 from $41.75 based off a 8.2X multiple of 2017 EBITDA.
    | Thu, Aug. 4, 9:34 AM
  • Thu, Jul. 14, 9:34 AM
    • Niantic Labs appears set to allow businesses to officially sponsor locations for in-game activities for Nintendo's (OTCPK:NTDOY, OTCPK:NTDOF) Pokémon, according to media reports.
    • That's not news to followers of Reddit posts which dug deep into the Pokémon code to discover bits with "McDonald's" already in it (see code here)
    • Though the monetization of the Pokémon phenomenon was widely expected, it also has deeper implications for retailers even beyond trying to scrap for foot traffic through establishing Lure modules, PokeStops, and Pokemon Gyms. Pokémon may come and go. The intersection of real-world shopping and augmented reality games is probably here to stay.
    • Companies with an eye on augmented reality and location-based entertainment as it relates to increasing traffic run far and wide. Restaurants (QSR, SBUX, MCD, CMG, WEN, NDLS, PNRA, DNKN), store chains (GPS, AEO, ANF, TGT, ROST, DG, DLTR), and movie theaters (AMC, CKEC, IMAX, CNK, RGC) come to mind.
    • Google (GOOGL, GOOG) is also keeping track of all the Pokémon developments as it served as an incubator for Niantic Labs up until the Alphabet creation. Recode says it's unclear what stake that Google still has in the software developer.
    • Pokémon news on Seeking Alpha
    | Thu, Jul. 14, 9:34 AM | 26 Comments
  • Wed, Jul. 13, 2:02 PM
    • Wedbush Securities analyst Michael Pachter updates investors on its view on theater stocks with the back half of the year starting to ramp up.
    • IMAX (NYSE:IMAX): Q2 results are forecast to arrive in-line with consensus estimates. A number of growth drivers -- including virtual reality, global growth, higher film volume, and laser projectors -- keep Wedbush locked in with an Outperform rating and $40 price target.
    • AMC Entertainment (NYSE:AMC): Shares are rated at Outperform with a $33 price target. Though AMC is expected to lose market share in Q2, concessions and film rental margins are seen improving.
    • Carmike Cinemas (NASDAQ:CKEC): Held at Neutral with a $30 price target. The AMC acquisition is seen closing by the end of the year.
    • Cinemark Holdings (NYSE:CNK): Also rated at Neutral, the view on Cinemark is that a strong domestic performance will be muted by F/X pressure abroad.
    • Regal Entertainment Group (NYSE:RGC): The investment firm expects in-line performance from the chain at the box office.
    • Previously: U.S. box office up 1.3% YTD after 4th of July weekend (July 8)
    | Wed, Jul. 13, 2:02 PM
  • Fri, Jul. 8, 10:32 AM
    • The U.S box office is only up 1.3% through the 4th of July weekend compared to last year, according to an updated tabulation from BoxOfficeMojo.
    • Drexel Hamilton says its the filler movies scheduled between blockbusters that are to blame for the sub-2% growth. The investment firm points to Sony's (NYSE:SNE) Money Monster as an example of the trend. The film was set up as a blockbuster gap filler (Julia Roberts, George Clooney, and Jodie Foster as director), but has only brought in $41M to date.
    • What to watch: The exhibitor industry is desperate to hold on to the dinner-and-a-movie date concept with more data out suggesting that younger generations are skipping out on the latter half of the equation. Ticket pricing (+2% Y/Y) and concessions revenue per patron have been solid, but growing traffic steadily has been a challenge.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Fri, Jul. 8, 10:32 AM | 1 Comment
  • Mon, Jun. 13, 2:31 PM
    • Credit Suisse initiates coverage on National CineMedia (NCMI -0.6%) with an Outperform rating.
    • The investment firm assigns a price target of $21 to the theater advertising concern.
    • AMC Entertainment (AMC -2.2%) catches an Outperform rating and $34 PT (+29% upside).
    • Regal Entertainment (RGC -1.6%) is launched at Neutral with a $20 PT.
    • Cinemark (CNK -1.3%) is lined up at Neutral with a $33 PT.
    • The sector is under some selling pressure today due to the terrorist attack in Orlando.
    | Mon, Jun. 13, 2:31 PM
  • Mon, Jun. 13, 9:30 AM
    • The summer box office in the U.S. is off to a painfully slow start.
    • Revenue for the May 6 to June 12 period fell 22% Y/Y to $1.24B, according to The Hollywood Reporter. The YTD box office tally is still up about 4% compared to last year.
    • A failure of sequels to generate large interest with moviegoers has led to the summer slide.
    • Major summer releases still on the way include Jason Bourne, Star Trek Beyond, Suicide Squad, and Independence Day: Resurgence.
    • Related stocks: CKEC, CNK, RGC, MCS, RDI, AMC, IMAX, DCIN.
    | Mon, Jun. 13, 9:30 AM | 5 Comments
  • Thu, May 26, 7:12 PM
    • Four Hollywood studios have now backed off from supporting the movie-exhibition practice called "clearance," which has drawn scrutiny (and lawsuits) from the Justice Dept.
    • Movie theaters by tradition have asked studios to support the practice, allowing some of them exclusive access to showing some movies in a market.
    • But with Lions Gate (NYSE:LGF) and Universal (NASDAQ:CMCSA) joining Paramount (VIA, VIAB) and Fox (FOX, FOXA, which has stopped honoring clearance starting with this weekend's X-Men: Apocalypse), a majority of major studios are now lined up against.
    • That means some films may see wider or different distribution as theaters show them who wouldn't previously have been able to. And it may act as a check against increasingly powerful theater chains, including AMC, Regal (NYSE:RGC) and Cinemark (NYSE:CNK). Last year, iPic Entertainment sued AMC and Regal, charging that clearance was designed to drive business away; that case is scheduled for an October trial.
    • Disney (NYSE:DIS), Warner Bros. (NYSE:TWX) and Sony Pictures (NYSE:SNE) haven't yet indicated any change in stance toward the practice, though.
    | Thu, May 26, 7:12 PM | 4 Comments
  • Thu, May 26, 4:36 PM
    • Cinemark Holdings (NYSE:CNK) declares $0.27/share quarterly dividend, in line with previous.
    • Forward yield 2.99%
    • Payable June 22; for shareholders of record June 8; ex-div June 6.
    | Thu, May 26, 4:36 PM
  • Sun, May 22, 6:09 PM
    • The U.S. box office continues to stay ahead of last year's pace after Angry Birds and Captain America: Civil War performed well over their opening weekend. Both films were comfortably over $30M level (domestic) for the weekend.
    • Next week could be even stronger with X-Men: Apocalyse set to debut. The superhero mashup has already earned more than $100M in the 75 global markets where it has opened (ranking #1 in 71 markets).
    • The U.S. box office YTD tally of $4.229B through May 22 is up 5.6% from the level of last year and 11.7% higher than the running total in 2014 through the same weekend.
    • Looking ahead, exhibitors hope to cash in even more on theater and format upgrades after reporting strong concessions revenue growth in Q1 (AMC was a leader with a 21% Y/Y jump or +6% per patron). Movie ticket prices have also trickled higher, averaging $8.58 this year sector-wide.
    • Looking even further ahead, despite some dabbling with a shortened release window and Netflix (NASDAQ:NFLX) introducing some movies on the big screen, the industry has stayed relatively consolidated in preventing a major disruption to its model such as the The Screening Room (see prior coverage) aims to unveil.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS, NCMI.
    | Sun, May 22, 6:09 PM | 2 Comments
  • Thu, May 19, 3:36 PM
    • Cinemark (CNK -0.8%) was cleared of any responsibility for the Colorado theater shooting by a state jury.
    • A federal trial on the same issue is scheduled to begin this summer.
    | Thu, May 19, 3:36 PM
  • Tue, May 10, 6:31 AM
    • Cinemark Holdings (NYSE:CNK): Q1 EPS of $0.50 beats by $0.03.
    • Revenue of $704.87M (+9.2% Y/Y) beats by $5.64M.
    • Press Release
    | Tue, May 10, 6:31 AM