In a recent 13D filing, Oasis Management reported its stake in Carmike Cinemas, Inc. (NASDAQ:CKEC). The filing with the US Securities and Exchange Commission showed that Oasis owns some 959,800 shares of Carmike Cinemas, down from 1.24 million shares it disclosed in its last 13F filing. Following the decline, Oasis holds 3.9% of Carmike Cinemas’ outstanding stock.
Among the funds followed by Insider Monkey, 22 reported long positions in Carmike Cinemas as of the end of 2015, down by 15% over the quarter. Manatuck Hill Partners, managed by Mark Broach, holds the largest position in Carmike Cinemas, Inc. (NASDAQ:CKEC), worth $19.9 million and comprising 6.7% of its 13F portfolio. The second most bullish fund manager is Israel Englander’s Millennium Management, which holds a $16.1 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Some other members of the smart money that hold long positions contain Brett Hendrickson’s Nokomis Capital, Ken Griffin’s Citadel Investment Group and Julian Allen’s Spitfire Capital.
Moreover, there was a specific group of hedgies who were dropping their positions entirely heading into Q4. At the top of the heap, Ken Grossman and Glen Schneider’s SG Capital Management cut the biggest position of all the hedgies watched by Insider Monkey, valued at about $12.6 million in stock, and Zac Hirzel’s Hirzel Capital Management was right behind this move, as the fund sold off about $4.3 million worth of shares.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Oasis Management Company Ltd | 0 | 959,842 | 0 | 959,842 | 959,842 | 3.9% |
| Oasis Investments II Master Fund Ltd | 0 | 959,842 | 0 | 959,842 | 959,842 | 3.9% |
| Seth Fischer | 0 | 959,842 | 0 | 959,842 | 959,842 | 3.9% |
Page 1 of 8 SEC Filing
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| SCHEDULE 13D/A | |
| Under the Securities Exchange Act of 1934 | |
| (Amendment No. 1)* | |
|
Carmike Cinemas, |
|
| (Name of Issuer) | |
|
Common stock, |
|
| (Title of Class of Securities) | |
|
143436400 |
|
| (CUSIP Number) | |
|
Oasis Management c/o Oasis Management (Hong Kong) LLC 21/F Man Yee Building 68 Des Voeux Road, Central Hong Kong Attention: Phillip Meyer (852) 2847-7708 with a copy to: Schulte Roth & Zabel LLP 919 Third Avenue New York, NY 10022 Attention: Eleazer N. Klein, Esq. (212) 756-2000 |
|
| (Name, Address and Telephone Number of Person | |
| Authorized to Receive Notices and Communications) | |
|
March 16, |
|
| (Date of Event Which Requires Filing of This Statement) | |
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule
13d-1(f) or Rule 13d-1(g), check the following box. [ ]
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