Carmike Cinemas Inc. (NASDAQ:CKEC) Given Average Rating of “Hold” by Analysts
Shares of Carmike Cinemas Inc. (NASDAQ:CKEC) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.80.
Several research analysts have recently weighed in on CKEC shares. B. Riley set a $32.75 price target on shares of Carmike Cinemas and gave the stock a “hold” rating in a report on Thursday, July 28th. Zacks Investment Research raised shares of Carmike Cinemas from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Finally, Wedbush reissued a “neutral” rating and issued a $30.00 target price on shares of Carmike Cinemas in a research note on Friday, July 15th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Carmike Cinemas by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 87,045 shares of the company’s stock worth $2,622,000 after buying an additional 1,482 shares during the period. TIG Advisors LLC bought a new position in shares of Carmike Cinemas during the second quarter worth about $3,919,000. Carlson Capital L P bought a new position in shares of Carmike Cinemas during the second quarter worth about $11,054,000. Walleye Trading LLC boosted its position in shares of Carmike Cinemas by 94.4% in the second quarter. Walleye Trading LLC now owns 103,397 shares of the company’s stock worth $3,114,000 after buying an additional 50,197 shares during the period. Finally, Barclays PLC boosted its position in shares of Carmike Cinemas by 75.1% in the second quarter. Barclays PLC now owns 3,502 shares of the company’s stock worth $106,000 after buying an additional 1,502 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Carmike Cinemas (NASDAQ:CKEC) traded down 0.12% on Wednesday, hitting $32.64. The stock had a trading volume of 46,660 shares. The firm has a 50 day moving average of $31.83 and a 200-day moving average of $30.55. Carmike Cinemas has a 1-year low of $18.52 and a 1-year high of $32.74. The firm has a market capitalization of $796.02 million, a price-to-earnings ratio of 652.80 and a beta of 1.37.
Carmike Cinemas (NASDAQ:CKEC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.04. The firm earned $204.70 million during the quarter, compared to the consensus estimate of $209.35 million. Carmike Cinemas had a return on equity of 3.65% and a net margin of 0.15%. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. Equities analysts predict that Carmike Cinemas will post $0.31 earnings per share for the current year.
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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