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Carmike Cinemas, Inc. (CKEC) [hlAlert]

up 37.87 %

Carmike Cinemas, Inc. (CKEC) rated Buy with price target $24 by Ascendiant Capital Markets

Posted on: Tuesday,  Jul 9, 2013  8:25 AM ET by Ascendiant Capital Markets

Ascendiant Capital Markets rated Buy Carmike Cinemas, Inc. (NASDAQ: CKEC) on 07/09/2013. Previously Ascendiant Capital Markets rated Buy Carmike Cinemas, Inc. (NASDAQ: CKEC)
on 04/26/2013., when the stock price was $16.95. Since then, Carmike Cinemas, Inc. has gained 37.88% as of 01/11/2016's recent price of $23.37.
If you would have followed the previous Ascendiant Capital Markets's recommendation on CKEC, you would have gained 37.87% of your investment in 990 days.

Carmike Cinemas, Inc. is a motion picture exhibitor in the United States. As of December 31, 2008, it owned, operated or had an interest in 250 theatres with 2,287 screens located in 36 states. As of December 31, 2008, the Company had 231 theatres (92% of its theatres) with 2,157 screens (94% of its screens) on a digital-based platform. In addition, it had 193 theatres (77% of its theatres) with 452 screens (20% of its screens) equipped for three-dimensional (3-D). During the year ended December 31, 2008, it operated 22 theatres with 131 screens as discount theatres. The majority of its revenues come from the sale of movie tickets. As of December 31, 2008, of Carmike Cinemas, Inc.?s 250 theatres, 228 showed first-run films, which it licenses from distributors owned by the studios, as well as from independent distributors, nine of which exhibited first-run films at an admission price, and the remaining 22 of its theatres featured films at a discount price.

Ascendiant Capital Markets is led by George Santana, who has nearly twenty years of equity research experience in the United States and foreign markets. During his career, Mr. Santana has been recognized six consecutive times in the Institutional Investor magazine poll of top analysts.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/9/2013 8:25 AM Buy
20.24 24.00
as of 12/13/2013
1 Week down  -0.78 %
1 Month up  2.73 %
3 Months up  19.02 %
1 YTD up  18.67 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/26/2013 10:25 AM Buy
16.95 20.00

(*) Stock Price at the time of the recommendation.
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