Carmike Cinemas Inc. (CKEC) Hits New 12-Month High at $31.51
Carmike Cinemas Inc. (NASDAQ:CKEC) shares hit a new 52-week high during trading on Friday . The stock traded as high as $31.51 and last traded at $31.48, with a volume of 581,167 shares. The stock had previously closed at $30.59.
CKEC has been the subject of several research reports. B. Riley reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Carmike Cinemas in a research report on Tuesday, May 3rd. Zacks Investment Research cut Carmike Cinemas from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Wedbush reissued a “neutral” rating and set a $30.00 price objective on shares of Carmike Cinemas in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.17.
The stock’s 50-day moving average price is $30.20 and its 200-day moving average price is $27.34. The firm has a market capitalization of $772.90 million and a price-to-earnings ratio of 617.25.
Carmike Cinemas (NASDAQ:CKEC) last posted its earnings results on Monday, May 2nd. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The company earned $206.20 million during the quarter, compared to analyst estimates of $206.17 million. The company’s revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that Carmike Cinemas Inc. will post $0.49 EPS for the current fiscal year.
Other hedge funds and institutional investors have bought and sold shares of the company. Gluskin Sheff & Assoc Inc. raised its position in 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 during the last quarter. Victory Capital Management Inc. raised 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 worth $25,691,000 after buying an additional 263,603 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised 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 worth $2,368,000 after buying an additional 19,337 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Carmike Cinemas during the fourth quarter worth approximately $2,015,000. Finally, California State Teachers Retirement System raised 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 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.