Short Interest Summary: How Analysts Feel About Carmike Cinemas Incorporated (NASDAQ:CKEC) After Increase in Sellers?

November 29, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Summary: How Analysts Feel About Carmike Cinemas Incorporated (NASDAQ:CKEC) After Increase in Sellers?

The stock of Carmike Cinemas Incorporated (NASDAQ:CKEC) registered an increase of 27.67% in short interest. CKEC’s total short interest was 927,400 shares in November as published by FINRA. Its up 27.67% from 726,400 shares, reported previously. With 241,200 shares average volume, it will take short sellers 4 days to cover their CKEC’s short positions. The short interest to Carmike Cinemas Incorporated’s float is 3.9%. About 74,431 shares traded hands. Carmike Cinemas, Inc. (NASDAQ:CKEC) has risen 12.87% since April 26, 2016 and is uptrending. It has outperformed by 7.61% the S&P500.

Carmike Cinemas, Inc. is a motion picture exhibitor company. The company has a market cap of $819.51 million. The Firm owns and operates theatres and screens. It has a 142.01 P/E ratio. The Company’s theatres are equipped to provide digital cinema.

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.16, from 0.88 in 2016Q1. The ratio increased, as 30 funds sold all Carmike Cinemas, Inc. shares owned while 37 reduced positions. 25 funds bought stakes while 34 increased positions. They now own 19.54 million shares or 9.56% less from 21.60 million shares in 2016Q1.
The New York-based Mason Cap Management Limited Liability Com has invested 0.34% in Carmike Cinemas, Inc. (NASDAQ:CKEC). Orinda Asset Mgmt Limited Liability Company, a California-based fund reported 19,315 shares. Mutual Of America Capital Mgmt Ltd Llc accumulated 92,527 shares or 0.06% of the stock. Moreover, Ubs Asset Americas has 0% invested in Carmike Cinemas, Inc. (NASDAQ:CKEC) for 11,500 shares. Tig Advsrs Limited Liability Corporation holds 0.34% or 130,122 shares in its portfolio. Pnc Svcs Inc last reported 0% of its portfolio in the stock. Alliancebernstein L P reported 32,100 shares or 0% of all its holdings. The New York-based Amer International Group Inc Inc Inc has invested 0% in Carmike Cinemas, Inc. (NASDAQ:CKEC). Sphinx Trading Ltd Partnership last reported 3,000 shares in the company. Moreover, Polar Asset Mgmt Ptnrs has 0.02% invested in Carmike Cinemas, Inc. (NASDAQ:CKEC) for 15,000 shares. California Pub Employees Retirement System holds 64,300 shares or 0% of its portfolio. Jpmorgan Chase & has 134,407 shares for 0% of their US portfolio. Lombard Odier Asset Management (Usa) accumulated 10,000 shares or 0.04% of the stock. The New York-based Engineers Gate Manager L P has invested 0.07% in Carmike Cinemas, Inc. (NASDAQ:CKEC). D E Shaw Inc has 0% invested in the company for 11,017 shares.

Carmike Cinemas, Inc. (NASDAQ:CKEC) Ratings Coverage

Out of 7 analysts covering Carmike Cinemas (NASDAQ:CKEC), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Carmike Cinemas has been the topic of 13 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Tuesday, July 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Neutral” rating by B. Riley & Co given on Tuesday, March 8. The rating was maintained by Topeka Capital Markets on Wednesday, December 30 with “Buy”. The rating was downgraded by Macquarie Research on Wednesday, March 9 to “Neutral”. On Wednesday, July 29 the stock rating was maintained by Barrington Research with “Outperform”. Benchmark maintained Carmike Cinemas, Inc. (NASDAQ:CKEC) rating on Monday, July 27. Benchmark has “Buy” rating and $35.83 price target. The stock of Carmike Cinemas, Inc. (NASDAQ:CKEC) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 10. The firm earned “Hold” rating on Monday, March 7 by Topeka Capital Markets. B. Riley & Co maintained it with “Buy” rating and $35 target price in Tuesday, July 28 report. Wedbush downgraded the stock to “Neutral” rating in Monday, March 7 report.

CKEC Company Profile

Carmike Cinemas, Inc., incorporated on April 2, 1982, is a motion picture exhibitor company. The Firm owns and operates theatres and screens. The Company’s theatres are equipped to provide digital cinema. The Firm owns, operates or has an interest in approximately 280 theatres with over 2,940 screens located in over 40 states. In addition, the Company has approximately 260 theatres with over 1,090 screens equipped for three dimension (3-D). The Firm is focused on mid-size non-urban markets. The Firm operates approximately 20 theatres with over 110 screens as discount theatres.

More important recent Carmike Cinemas, Inc. (NASDAQ:CKEC) news were published by: Marketwatch.com which released: “AMC agrees to $1.2 billion acquisition of Carmike Cinemas” on July 25, 2016, also Fool.com published article titled: “Instant Analysis: AMC Entertainment to Acquire Carmike Cinemas Inc.”, Fool.com published: “Carmike Cinemas Inc. Surges on Acquisition by AMC Entertainment Holdings” on March 04, 2016. More interesting news about Carmike Cinemas, Inc. (NASDAQ:CKEC) was released by: Valuewalk.com and their article: “Mittleman Brothers Issue New Letter To Carmike Cinemas, Inc.” with publication date: March 22, 2016.

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By Adrian Mccoy


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