Oasis Management Co Ltd. Trims Position in Carmike Cinemas Inc (CKEC)

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

Page 1 of 8 SEC Filing