Simplex Trading buys $252,582 stake in Carmike Cinemas (CKEC)

Carmike Cinemas (CKEC) : Simplex Trading scooped up 6,074 additional shares in Carmike Cinemas during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 7,654 shares of Carmike Cinemas which is valued at $252,582.Carmike Cinemas makes up approximately 0.03% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in CKEC in the latest quarter, The investment management firm added 723 additional shares and now holds a total of 1,659 shares of Carmike Cinemas which is valued at $54,764.

Carmike Cinemas closed down -0.26 points or -0.78% at $33 with 2,04,447 shares getting traded on Friday. Post opening the session at $33.26, the shares hit an intraday low of $33 and an intraday high of $33.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Carmike Cinemas reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.17. The company had revenue of $204.67 million for the quarter, compared to analysts expectations of $210.78 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.

Carmike Cinemas Inc. (Carmike) is a motion picture exhibitor company. The Company owns and operates theatres and screens. In certain locations the Company offers a food and beverage menu including the sale of alcoholic beverages. The Company owns and operates approximately 274 theatres with 2909 screens located in 41 states. In addition it has approximately 257 theatres with 1080 screens (37% of its screens) equipped for three dimension (3-D). The Company operates one family entertainment center under the name Hollywood Connection which features a multiplex theatre and other forms of family entertainment. It also operates two Bogart’s Bar and Grill Restaurants (Bogart’s). Bogart’s is a full service restaurant and bar. As of December 31 2014 the Company operated 45 auditoriums which operate under the Big D IMAX and MuviXL names. The Company sells its tickets at its theatre box offices before the start of a film.

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