Candriam Luxembourg S.C.A. Maintains Stake in Carmike Cinemas Inc. (CKEC)
Candriam Luxembourg S.C.A. maintained its stake in Carmike Cinemas Inc. (NASDAQ:CKEC) during the second quarter, Holdings Channel reports. The institutional investor owned 45,000 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Carmike Cinemas were worth $1,355,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc raised its stake in Carmike Cinemas by 16.9% in the first quarter. Legal & General Group Plc now owns 4,040 shares of the company’s stock worth $122,000 after buying an additional 583 shares in the last quarter. Opera Trading Capital purchased a new stake in Carmike Cinemas during the first quarter worth approximately $300,000. Bayesian Capital Management LP purchased a new stake in Carmike Cinemas during the first quarter worth approximately $309,000. Springbok Capital Management LLC raised its stake in Carmike Cinemas by 87.0% in the first quarter. Springbok Capital Management LLC now owns 11,000 shares of the company’s stock worth $330,000 after buying an additional 5,118 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Carmike Cinemas by 7.4% in the second quarter. Capital Investment Advisors LLC now owns 28,809 shares of the company’s stock worth $868,000 after buying an additional 1,985 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.
Carmike Cinemas Inc. (NASDAQ:CKEC) traded up 0.27% during mid-day trading on Wednesday, hitting $33.01. 170,493 shares of the stock were exchanged. Carmike Cinemas Inc. has a 52-week low of $18.52 and a 52-week high of $33.16. The stock has a market cap of $805.05 million, a price-to-earnings ratio of 660.20 and a beta of 1.39. The stock has a 50 day moving average of $32.30 and a 200-day moving average of $30.78.
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 analysts’ consensus estimates of $0.14 by $0.04. Carmike Cinemas had a net margin of 0.15% and a return on equity of 3.65%. The business earned $204.70 million during the quarter, compared to analysts’ expectations of $209.35 million. During the same period last year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities analysts predict that Carmike Cinemas Inc. will post $0.25 EPS for the current fiscal year.
A number of research firms recently commented on CKEC. B. Riley reiterated a “neutral” rating and set a $32.75 price target on shares of Carmike Cinemas in a report on Tuesday, August 2nd. Wedbush reiterated a “neutral” rating and set a $30.00 price target on shares of Carmike Cinemas in a report on Friday, July 15th. Finally, Zacks Investment Research lowered shares of Carmike Cinemas from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Carmike Cinemas currently has a consensus rating of “Hold” and a consensus 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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