Carmike Cinemas Inc. (CKEC) Receives Average Rating of “Hold” from Analysts
Shares of Carmike Cinemas Inc. (NASDAQ:CKEC) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the company. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $31.40.
A number of brokerages have weighed in on CKEC. B. Riley reissued a “neutral” rating and set a $32.75 target price on shares of Carmike Cinemas in a report on Tuesday, August 2nd. Zacks Investment Research raised shares of Carmike Cinemas from a “strong sell” rating to a “hold” rating in a report on Monday, October 10th. Finally, Wedbush reissued a “neutral” rating and set a $33.00 target price on shares of Carmike Cinemas in a report on Thursday, September 22nd.
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A number of institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in shares of 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 in the last quarter. Barclays PLC raised 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 in the last quarter. BlackRock Inc. raised its position in shares of Carmike Cinemas by 247.7% in the second quarter. BlackRock Inc. now owns 5,028 shares of the company’s stock worth $151,000 after buying an additional 3,582 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of Carmike Cinemas during the second quarter worth about $163,000. Finally, Ancora Advisors LLC bought a new position in shares of Carmike Cinemas during the second quarter worth about $211,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.
Shares of Carmike Cinemas (NASDAQ:CKEC) traded up 0.15% during mid-day trading on Wednesday, hitting $33.95. 154,047 shares of the stock traded hands. Carmike Cinemas has a 12-month low of $18.51 and a 12-month high of $34.53. The stock has a market cap of $827.97 million, a P/E ratio of 138.01 and a beta of 1.74. The firm’s 50 day moving average price is $33.22 and its 200-day moving average price is $31.65.
Carmike Cinemas (NASDAQ:CKEC) last issued its earnings results on Monday, November 7th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.16. The company had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $205.63 million. Carmike Cinemas had a net margin of 0.72% and a return on equity of 6.73%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) earnings per share. Analysts predict that Carmike Cinemas will post $0.09 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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