Nationwide Fund Advisors decreased its holdings in Imax Corporation (NYSE:IMAX) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,316 shares of the company’s stock after selling 1,373 shares during the quarter. Nationwide Fund Advisors owned 0.05% of Imax Corporation worth $733,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Imax Corporation by 13.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,522 shares of the company’s stock worth $181,000 after buying an additional 748 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Imax Corporation by 1,151.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,818 shares of the company’s stock worth $150,000 after buying an additional 6,273 shares during the last quarter. Seven Eight Capital LP boosted its holdings in shares of Imax Corporation by 1,115.7% in the second quarter. Seven Eight Capital LP now owns 7,294 shares of the company’s stock worth $160,000 after buying an additional 6,694 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Imax Corporation in the second quarter worth approximately $205,000. Finally, First Mercantile Trust Co. purchased a new position in shares of Imax Corporation in the second quarter worth approximately $250,000. 82.88% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $35.00 price objective on shares of Imax Corporation in a report on Friday. Wedbush reissued a “buy” rating and issued a $31.00 price objective on shares of Imax Corporation in a report on Friday. J P Morgan Chase & Co raised shares of Imax Corporation from a “neutral” rating to an “overweight” rating in a report on Friday. Canaccord Genuity set a $32.00 price objective on shares of Imax Corporation and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, BidaskClub cut shares of Imax Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Imax Corporation presently has a consensus rating of “Hold” and an average target price of $32.10.
In other news, CFO Patrick Mcclymont sold 1,760 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $20.50, for a total transaction of $36,080.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Greg Foster sold 9,417 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $19.55, for a total value of $184,102.35. Following the transaction, the chief executive officer now owns 67,018 shares in the company, valued at approximately $1,310,201.90. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.
Shares of Imax Corporation (NYSE IMAX) opened at 24.90 on Monday. Imax Corporation has a 52-week low of $17.58 and a 52-week high of $35.30. The company has a market cap of $1.61 billion, a PE ratio of 168.24 and a beta of 0.99. The stock’s 50 day moving average is $21.89 and its 200 day moving average is $23.61.
Imax Corporation (NYSE:IMAX) last announced its earnings results on Thursday, October 26th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. Imax Corporation had a return on equity of 2.62% and a net margin of 1.78%. The firm had revenue of $98.80 million for the quarter, compared to analyst estimates of $86.17 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that Imax Corporation will post $0.57 EPS for the current year.
About Imax Corporation
IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.
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