Carmike Cinemas Inc. (CKEC) Receives Average Rating of “Hold” from Analysts
Shares of Carmike Cinemas Inc. (NASDAQ:CKEC) have earned an average rating of “Hold” from the eight ratings firms that are covering the company. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $31.40.
CKEC has been the subject of several recent research reports. B. Riley reissued a “neutral” rating and set a $32.75 price objective on shares of Carmike Cinemas in a report on Tuesday, August 2nd. Wedbush reissued a “neutral” rating and set a $33.00 price objective on shares of Carmike Cinemas in a report on Thursday, September 22nd. Finally, Zacks Investment Research raised Carmike Cinemas from a “strong sell” rating to a “hold” rating in a report on Monday, October 10th.
Several institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System raised its position 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 valued at $1,937,000 after buying an additional 7,700 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of Carmike Cinemas by 19.9% in the second quarter. OMERS ADMINISTRATION Corp now owns 429,200 shares of the company’s stock valued at $12,928,000 after buying an additional 71,100 shares in the last quarter. Societe Generale acquired a new position in shares of Carmike Cinemas during the second quarter valued at about $2,738,000. Sanders Morris Harris Inc. acquired a new position in shares of Carmike Cinemas during the second quarter valued at about $1,551,000. Finally, Mittleman Brothers LLC raised its position in shares of Carmike Cinemas by 33.0% in the second quarter. Mittleman Brothers LLC now owns 2,331,185 shares of the company’s stock valued at $70,215,000 after buying an additional 578,275 shares in the last quarter. Institutional investors own 88.73% of the company’s stock.
Carmike Cinemas (NASDAQ:CKEC) traded up 0.15% during mid-day trading on Wednesday, hitting $33.95. 154,047 shares of the stock were exchanged. Carmike Cinemas has a 12-month low of $18.51 and a 12-month high of $34.53. The stock has a market capitalization of $827.97 million, a P/E ratio of 138.01 and a beta of 1.74. The firm has a 50-day moving average price of $33.22 and a 200-day moving average price of $31.65.
Carmike Cinemas (NASDAQ:CKEC) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.16. The firm earned $209.70 million during the quarter, compared to analysts’ expectations of $205.63 million. Carmike Cinemas had a return on equity of 6.73% and a net margin of 0.72%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.19) EPS. Equities analysts predict that Carmike Cinemas will post $0.09 earnings per share for the current fiscal year.
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About Carmike Cinemas
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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