Carmike Cinemas Inc. (CKEC) Hits New 52-Week High at $31.93
Carmike Cinemas Inc. (NASDAQ:CKEC) reached a new 52-week high during mid-day trading on Thursday . The stock 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.
Several equities research analysts have issued reports on the company. Wedbush reissued a “neutral” rating and set a $30.00 target price on shares of Carmike Cinemas in a research note on Friday, July 15th. Zacks Investment Research raised Carmike Cinemas from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Finally, B. Riley reissued a “neutral” rating and set a $30.00 target price on shares of Carmike Cinemas in a research note on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Carmike Cinemas currently has an average rating of “Hold” and an average target price of $30.33.
The firm’s 50 day moving average price is $30.88 and its 200 day moving average price is $28.86. The stock has a market capitalization of $774.81 million and a price-to-earnings ratio of 635.40.
Carmike Cinemas (NASDAQ:CKEC) last posted its earnings results on Monday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.04. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company earned $204.70 million during the quarter, compared to analysts’ expectations of $209.35 million. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. Equities analysts predict that Carmike Cinemas Inc. will post $0.31 EPS for the current fiscal year.
A hedge fund recently raised its stake in Carmike Cinemas stock. Cornerstone Capital Management Holdings LLC. increased its position in shares of Carmike Cinemas Inc. (NASDAQ:CKEC) by 23.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent 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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