Mizuho Markets Americas LLC Has $3.45 Million Holdings in IMAX Co. (NYSE:IMAX)

Mizuho Markets Americas LLC lifted its stake in IMAX Co. (NYSE:IMAX) by 5.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 213,525 shares of the company’s stock after buying an additional 11,500 shares during the quarter. Mizuho Markets Americas LLC’s holdings in IMAX were worth $3,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new stake in IMAX during the 4th quarter valued at $33,000. Tower Research Capital LLC TRC increased its holdings in IMAX by 545.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the company’s stock valued at $75,000 after purchasing an additional 4,218 shares in the last quarter. Partnership Wealth Management LLC acquired a new stake in IMAX during the 4th quarter valued at $111,000. SG Americas Securities LLC increased its holdings in IMAX by 65.5% during the 4th quarter. SG Americas Securities LLC now owns 11,868 shares of the company’s stock valued at $178,000 after purchasing an additional 4,699 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in IMAX during the 1st quarter valued at $222,000. 93.51% of the stock is owned by institutional investors and hedge funds.

IMAX Trading Up 0.6 %

Shares of NYSE:IMAX traded up $0.10 during midday trading on Friday, hitting $17.74. The company had a trading volume of 723,624 shares, compared to its average volume of 587,343. IMAX Co. has a 12 month low of $13.20 and a 12 month high of $20.70. The stock has a market cap of $933.48 million, a price-to-earnings ratio of 36.96, a PEG ratio of 1.47 and a beta of 1.26. The firm has a fifty day simple moving average of $16.63 and a 200 day simple moving average of $16.01.

IMAX (NYSE:IMAX) last posted its quarterly earnings results 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. IMAX had a return on equity of 9.47% and a net margin of 7.13%. The business had revenue of $79.12 million for the quarter, compared to analyst estimates of $77.88 million. Equities analysts forecast that IMAX Co. will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on IMAX. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price target on shares of IMAX in a report on Monday, April 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of IMAX in a report on Monday, June 17th. B. Riley raised their price target on IMAX from $27.00 to $30.00 and gave the company a “buy” rating in a report on Monday, July 8th. Benchmark reissued a “buy” rating and issued a $22.00 target price on shares of IMAX in a research note on Thursday, June 20th. Finally, Roth Mkm lifted their target price on IMAX from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, IMAX currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Insider Transactions at IMAX

In other news, EVP Calamera Pablo sold 6,130 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.08% of the stock is owned by corporate insiders.

IMAX Profile

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.