Carmike Cinemas Inc. (CKEC) Hits New 1-Year High at $31.93
Carmike Cinemas Inc. (NASDAQ:CKEC)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $31.93 and last traded at $31.91, with a volume of 136,299 shares traded. The stock had previously closed at $31.67.
A number of equities analysts have issued reports on CKEC shares. Zacks Investment Research upgraded Carmike Cinemas from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Wedbush restated a “neutral” rating and set a $30.00 target price on shares of Carmike Cinemas in a report on Friday, July 15th. Finally, B. Riley restated a “neutral” rating and set a $32.75 target price on shares of Carmike Cinemas in a report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Carmike Cinemas presently has an average rating of “Hold” and an average target price of $30.33.
The firm has a market cap of $778.22 million and a P/E ratio of 638.20. The company has a 50 day moving average price of $30.83 and a 200-day moving average price of $28.79.
Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.04. During the same period in the prior year, the business earned $0.36 earnings per share. The firm earned $204.70 million during the quarter, compared to the consensus estimate of $209.35 million. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Carmike Cinemas Inc. will post $0.31 EPS for the current year.
A hedge fund recently raised its stake in Carmike Cinemas stock. Cornerstone Capital Management Holdings LLC. boosted its position in Carmike Cinemas Inc. (NASDAQ:CKEC) by 23.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 103,237 shares of the company’s stock after buying an additional 19,337 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.42% of Carmike Cinemas worth $2,368,000 as of its most recent filing with the SEC.
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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