Carmike Cinemas Inc. (CKEC) Trading Up 1.8%
Carmike Cinemas Inc. (NASDAQ:CKEC)’s share price was up 1.8% during mid-day trading on Wednesday . The company traded as high as $31.01 and last traded at $30.95, with a volume of 351,550 shares trading hands. The stock had previously closed at $30.39.
A number of equities analysts have recently issued reports on CKEC shares. Zacks Investment Research downgraded shares of Carmike Cinemas from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. B. Riley reiterated a “neutral” rating and issued a $30.00 price target on shares of Carmike Cinemas in a report on Sunday, May 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $31.17.
The firm’s 50-day moving average is $30.10 and its 200-day moving average is $27.22. The firm has a market capitalization of $755.96 million and a PE ratio of 603.73.
Carmike Cinemas (NASDAQ:CKEC) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. The firm had revenue of $206.20 million for the quarter, compared to the consensus estimate of $206.17 million. During the same period last year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts anticipate that Carmike Cinemas Inc. will post $0.47 earnings per share for the current fiscal year.
Other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Carmike Cinemas by 30.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,119,932 shares of the company’s stock valued at $25,691,000 after buying an additional 263,603 shares during the period. Gluskin Sheff & Assoc Inc. increased its position in shares of Carmike Cinemas by 40.7% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 133,180 shares of the company’s stock valued at $3,055,000 after buying an additional 38,500 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of Carmike Cinemas by 23.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 103,237 shares of the company’s stock valued at $2,368,000 after buying an additional 19,337 shares during the period. Sei Investments Co. purchased a new position in shares of Carmike Cinemas during the fourth quarter valued at about $2,015,000. Finally, California State Teachers Retirement System increased its position in shares of Carmike Cinemas by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 45,381 shares of the company’s stock valued at $1,041,000 after buying an additional 861 shares during the period.
Carmike Cinemas, Inc is a motion picture exhibitor company. The Company owns and operates theatres and screens. Its theatres are equipped to provide digital cinema. It owns, operates or has an interest in approximately 280 theatres with over 2,940 screens located in over 40 states. In addition, it has approximately 260 theatres with over 1,090 screens equipped for three dimension (3-D).
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