IMAX Co. (NYSE:IMAX) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in IMAX Co. (NYSE:IMAXFree Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,029,200 shares of the company’s stock after selling 16,900 shares during the quarter. Primecap Management Co. CA’s holdings in IMAX were worth $15,459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of IMAX by 86.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,824 shares of the company’s stock valued at $480,000 after buying an additional 11,516 shares in the last quarter. Arizona State Retirement System increased its stake in IMAX by 8.9% during the third quarter. Arizona State Retirement System now owns 13,212 shares of the company’s stock worth $255,000 after purchasing an additional 1,085 shares during the period. Fox Run Management L.L.C. purchased a new position in IMAX in the 3rd quarter valued at approximately $198,000. Swiss National Bank grew its stake in IMAX by 8.5% during the 3rd quarter. Swiss National Bank now owns 102,000 shares of the company’s stock worth $1,971,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC lifted its stake in IMAX by 33.8% in the third quarter. Alpine Woods Capital Investors LLC now owns 392,278 shares of the company’s stock worth $7,579,000 after acquiring an additional 99,163 shares during the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

Insider Buying and Selling

In related news, EVP Calamera Pablo sold 6,130 shares of IMAX stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $17.05, for a total transaction of $104,516.50. Following the completion of the transaction, the executive vice president now directly owns 42,269 shares of the company’s stock, valued at approximately $720,686.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other IMAX news, VP Robert D. Lister sold 25,000 shares of IMAX stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $16.87, for a total value of $421,750.00. Following the sale, the vice president now directly owns 138,889 shares in the company, valued at approximately $2,343,057.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Calamera Pablo sold 6,130 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $17.05, for a total value of $104,516.50. Following the transaction, the executive vice president now directly owns 42,269 shares in the company, valued at approximately $720,686.45. The disclosure for this sale can be found here. Company insiders own 24.08% of the company’s stock.

IMAX Stock Up 2.2 %

Shares of IMAX traded up $0.36 during mid-day trading on Friday, reaching $16.90. The company’s stock had a trading volume of 520,120 shares, compared to its average volume of 781,178. IMAX Co. has a 1 year low of $13.20 and a 1 year high of $20.70. The company has a market cap of $889.28 million, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. The business has a fifty day moving average of $16.60 and a 200 day moving average of $15.88.

IMAX (NYSE:IMAXGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. The business had revenue of $79.12 million during the quarter, compared to the consensus estimate of $77.88 million. IMAX had a net margin of 7.13% and a return on equity of 9.47%. On average, analysts predict that IMAX Co. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Benchmark reiterated a “buy” rating and issued a $22.00 price target on shares of IMAX in a research note on Friday, April 26th. StockNews.com downgraded shares of IMAX from a “buy” rating to a “hold” rating in a report on Saturday, January 27th. JPMorgan Chase & Co. reduced their price objective on shares of IMAX from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Rosenblatt Securities reduced their price objective on shares of IMAX from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. Finally, Wedbush restated an “outperform” rating and issued a $22.00 price target on shares of IMAX in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.57.

Read Our Latest Analysis on IMAX

IMAX Company Profile

(Free Report)

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.

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Institutional Ownership by Quarter for IMAX (NYSE:IMAX)

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