According to one report, a couple of hedge funds recently sold their CSTR positions and lost out on the recent runup. JAT Capital Management cut the largest position of all the hedge funds, divesting close to $29 million in stock. LaGrange Capital cut about $8 million. This suggests that these hedge funds missed the runup which is now aiming at 59-60.
The earnings report in April should reflect the "flat" earnings quarter on a year to year basis, which will be partly impacted by the fact that there were half as many blockbuster films this quarter as the same quarter last year - this was previously mentioned in Management's guidance. The question is, will there be any surprise announcements in the earnings announcement, or in guidance that is sometimes released in advance of official earnings?