Carmike Cinemas Inc. (CKEC) Trading 1.8% Higher
Carmike Cinemas Inc. (NASDAQ:CKEC)’s share price traded up 1.8% during trading on Wednesday . The company traded as high as $31.01 and last traded at $30.95, with a volume of 351,550 shares. The stock had previously closed at $30.39.
A number of equities analysts have commented on the stock. B. Riley reissued a “neutral” rating and issued a $30.00 price target on shares of Carmike Cinemas in a research note on Tuesday, May 3rd. Zacks Investment Research cut shares of Carmike Cinemas from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Carmike Cinemas has a consensus rating of “Hold” and a consensus target price of $31.17.
The firm has a market capitalization of $756.20 million and a P/E ratio of 603.92. The stock’s 50 day moving average price is $30.15 and its 200 day moving average price is $27.27.
Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. The business had revenue of $206.20 million for the quarter, compared to the consensus estimate of $206.17 million. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. Equities analysts forecast that Carmike Cinemas Inc. will post $0.47 earnings per share for the current fiscal year.
Several hedge funds recently modified their holdings of CKEC. Gluskin Sheff & Assoc Inc. raised its stake 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 worth $3,055,000 after buying an additional 38,500 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 worth $25,691,000 after buying an additional 263,603 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake 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 worth $2,368,000 after buying an additional 19,337 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Carmike Cinemas during the fourth quarter worth about $2,015,000. Finally, California State Teachers Retirement System raised its stake 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 worth $1,041,000 after buying an additional 861 shares in the last quarter.
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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