Carmike Cinemas Inc. (CKEC) Sees Large Volume Increase
Shares of Carmike Cinemas Inc. (NASDAQ:CKEC) saw unusually-strong trading volume on Thursday . Approximately 1,045,112 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 541,845 shares.The stock last traded at $31.35 and had previously closed at $30.21.
A number of research analysts have recently commented on CKEC shares. B. Riley reissued a “neutral” rating and issued a $30.00 target price on shares of Carmike Cinemas in a report on Tuesday, May 3rd. Zacks Investment Research lowered shares of Carmike Cinemas from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Wedbush reiterated a “neutral” rating and issued a $30.00 price objective on shares of Carmike Cinemas in a report on Friday, July 15th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Carmike Cinemas presently has an average rating of “Hold” and a consensus price target of $30.33.
The stock has a market capitalization of $765.30 million and a PE ratio of 627.60. The stock has a 50-day moving average of $30.59 and a 200-day moving average of $28.15.
Carmike Cinemas (NASDAQ:CKEC) last posted its earnings results on Monday, August 1st. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.04. The business earned $204.70 million during the quarter, compared to analyst estimates of $209.35 million. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. Equities research analysts forecast that Carmike Cinemas Inc. will post $0.40 earnings per share for the current year.
A number of hedge funds and institutional investors recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in 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 during 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 valued at $2,368,000 after buying an additional 19,337 shares during the last quarter. Gluskin Sheff & Assoc Inc. raised 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 last quarter. Finally, 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 valued at $25,691,000 after buying an additional 263,603 shares during 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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