Act Ii Management Lp Exits Position in Carmike Cinemas (CKEC)

Carmike Cinemas (CKEC) : Act Ii Management Lp has sold out all of its stake in Carmike Cinemas during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 100,000 shares of Carmike Cinemas which is valued at $3,160,000.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in CKEC in the latest quarter, The investment management firm added 27,243 additional shares and now holds a total of 70,151 shares of Carmike Cinemas which is valued at $2,216,772. Carmike Cinemas makes up approx 0.01% of Susquehanna International Group Llp’s portfolio. Hsbc Holdings Plc sold out all of its stake in CKEC during the most recent quarter. The investment firm sold 9,210 shares of CKEC which is valued $291,036.Tiaa Cref Investment Management reduced its stake in CKEC by selling 2,025 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 74,901 shares of CKEC which is valued at $2,366,872. Lmr Partners Llp sold out all of its stake in CKEC during the most recent quarter. The investment firm sold 25,000 shares of CKEC which is valued $770,500.

Carmike Cinemas closed down -0.04 points or -0.12% at $32.05 with 86,402 shares getting traded on Thursday. Post opening the session at $32.02, the shares hit an intraday low of $31.99 and an intraday high of $32.12 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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