Brown Advisory Inc. Maintains Position in Carmike Cinemas, Inc. (CKEC)
Brown Advisory Inc. continued to hold its stake in shares of Carmike Cinemas, Inc. (NASDAQ:CKEC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,834 shares of the company’s stock at the end of the second quarter. Brown Advisory Inc. owned approximately 0.06% of Carmike Cinemas worth $417,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of CKEC. Teacher Retirement System of Texas increased its stake in Carmike Cinemas by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,437 shares of the company’s stock worth $104,000 after buying an additional 423 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Carmike Cinemas by 5.5% in the second quarter. UBS Asset Management Americas Inc. now owns 11,500 shares of the company’s stock worth $346,000 after buying an additional 600 shares during the last quarter. Nationwide Fund Advisors increased its stake in Carmike Cinemas by 2.3% in the second quarter. Nationwide Fund Advisors now owns 18,014 shares of the company’s stock worth $543,000 after buying an additional 403 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in Carmike Cinemas during the second quarter worth about $1,878,000. Finally, California Public Employees Retirement System increased its stake in Carmike Cinemas by 13.6% in the second quarter. California Public Employees Retirement System now owns 64,300 shares of the company’s stock worth $1,937,000 after buying an additional 7,700 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.
Carmike Cinemas, Inc. (NASDAQ:CKEC) traded up 0.46% during trading on Monday, reaching $32.84. The company had a trading volume of 21,745 shares. The company’s 50-day moving average is $32.18 and its 200 day moving average is $30.70. Carmike Cinemas, Inc. has a 52 week low of $18.52 and a 52 week high of $32.88. The firm has a market capitalization of $800.90 million, a price-to-earnings ratio of 656.80 and a beta of 1.39.
Carmike Cinemas (NASDAQ:CKEC) last posted its earnings results on Monday, August 1st. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.04. Carmike Cinemas had a return on equity of 3.65% and a net margin of 0.15%. The firm had revenue of $204.70 million for the quarter, compared to analyst estimates of $209.35 million. During the same quarter last year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts anticipate that Carmike Cinemas, Inc. will post $0.25 EPS for the current year.
CKEC has been the topic of a number of research reports. Zacks Investment Research raised Carmike Cinemas from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. B. Riley set a $32.75 price objective on Carmike Cinemas and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Carmike Cinemas in a research note on Thursday, September 22nd. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $30.83.
Carmike Cinemas Company Profile
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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