JPMorgan Chase & Co. Has $4,370,000 Stake in Carmike Cinemas Inc. (CKEC)
JPMorgan Chase & Co. decreased its position in Carmike Cinemas Inc. (NASDAQ:CKEC) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,692 shares of the company’s stock after selling 715 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of Carmike Cinemas worth $4,370,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas increased 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 during the period. Barclays PLC increased 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. BlackRock Inc. increased 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 during the period. Pacad Investment Ltd. acquired a new position in shares of Carmike Cinemas during the second quarter worth about $163,000. Finally, Ancora Advisors LLC acquired a new position in shares of Carmike Cinemas during the second quarter worth about $211,000. 87.54% of the stock is owned by institutional investors and hedge funds.
Shares of Carmike Cinemas Inc. (NASDAQ:CKEC) opened at 33.40 on Friday. Carmike Cinemas Inc. has a one year low of $18.52 and a one year high of $34.53. The firm’s 50-day moving average price is $33.56 and its 200-day moving average price is $32.05.
Carmike Cinemas (NASDAQ:CKEC) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.16. The business earned $209.70 million during the quarter, compared to the consensus estimate of $205.63 million. Carmike Cinemas had a return on equity of 6.73% and a net margin of 0.72%. The business’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. Equities research analysts expect that Carmike Cinemas Inc. will post $0.10 earnings per share for the current year.
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Several equities analysts recently weighed in on the company. B. Riley reaffirmed a “hold” rating and issued a $32.75 price objective on shares of Carmike Cinemas in a research note on Tuesday, November 1st. Zacks Investment Research raised Carmike Cinemas from a “strong sell” rating to a “hold” rating in a research note on Monday, October 10th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Carmike Cinemas in a research note on Thursday, September 22nd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.83.
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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