Cinemark Holdings, IncNYSE
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  • Fri, Dec. 2, 2:49 PM
    • Theater stocks spiral lower amid increased focus on a shorter window before movies are available at home.
    • A top exec at Warner Bros. (TWX -0.6%) said at an investor conference earlier this week that he has held constructive talks within the industry about offering faster home rentals on top movies at a premium price ($25 to $50). Kevin Tsujihara says some films could be available for streaming as soon as two weeks after their big screen debut.
    • On watch: Cinemark (CNK -3.6%), Regal Entertainment (RGC -2.5%), Carmike Cinemas (CNK -3.6%), Marcus Corp (MCS -0.5%), AMC Entertainment (AMC -3.6%) and IMAX (IMAX).
    • The development could be positive for Netflix (NFLX +2.3%).
    | Fri, Dec. 2, 2:49 PM | 22 Comments
  • Wed, Nov. 16, 5:08 PM
    • Cinemark Holdings (NYSE:CNK) declares $0.27/share quarterly dividend, in line with previous.
    • Forward yield 2.59%
    • Payable Dec. 16; for shareholders of record Dec. 2; ex-div Nov. 30.
    | Wed, Nov. 16, 5:08 PM
  • Tue, Nov. 8, 8:09 AM
    • Cinemark Holdings (NYSE:CNK) reports attendance increased 7.2% to 76.2M patrons in Q3.
    • Concession revenue per patron rose 5.9% to $3.43.
    • The average ticket price was up 2.0% to $6.21.
    • The company's adjusted EBITDA for the period came in 16% higher than last year at $185M.
    • "We are pleased to see how our strategic investments and emphasis on enriching the guest experience favorably impacted our third quarter results." says Mark Zoradi.
    • "We remain opportunistic regarding these endeavors with an eye toward driving long-term shareholder value," he adds.
    | Tue, Nov. 8, 8:09 AM
  • Tue, Nov. 8, 6:33 AM
    • Cinemark Holdings (NYSE:CNK): Q3 EPS of $0.56 in-line.
    • Revenue of $768.57M (+9.8% Y/Y) misses by $8.34M.
    • Press Release
    | Tue, Nov. 8, 6:33 AM
  • Mon, Nov. 7, 5:30 PM
  • Mon, Oct. 31, 10:57 AM
    • Cinemark Holdings (CNK +2.5%) shoots higher after Goldman Sachs CNK)+and+Adds+Stock+to+Conviction+Buy+List/12183703.html" target="_blank">adds the exhibitor stock to Conviction Buy list status.
    • Goldman points to the upside from a strong 2017 film slate and the company's recliner roll-out. Results from the Latin America business could also get a boost from steadier economies in the region and F/X improvement.
    • "CNK’s valuation is attractive given its growth profile vs. exhibitor peers," writes the GS team.
    • Cinemark is due to report Q3 earnings on November 8.
    | Mon, Oct. 31, 10:57 AM | 2 Comments
  • Mon, Oct. 10, 7:52 AM
    • The U.S. box office is up 3.8% Y/Y to $8.7781B through October 9, according to the latest tabulation from Box Office Mojo.
    • The sector received a boost in the third quarter from the strong runs of The Secret Life of Pets and Suicide Squad.
    • A higher average ticket price this year helped to offset some traffic slips.
    • Movie theaters face a tough comparison in Q4 after Star Wars: The Force Awakens brought in $652M during the period last year.
    • Related stocks: CKEC, AMC, CNK, IMAX, RDI, MCS, NCMI.
    | Mon, Oct. 10, 7:52 AM | 10 Comments
  • 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