Becker Capital Management Inc. Trims Stock Holdings in IMAX Co. (NYSE:IMAX)

Becker Capital Management Inc. reduced its position in shares of IMAX Co. (NYSE:IMAX - Free Report) by 59.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,660 shares of the company's stock after selling 127,525 shares during the quarter. Becker Capital Management Inc. owned 0.16% of IMAX worth $2,218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of IMAX. Blue Trust Inc. boosted its holdings in IMAX by 138.5% in the 4th quarter. Blue Trust Inc. now owns 966 shares of the company's stock worth $25,000 after buying an additional 561 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of IMAX by 415.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock valued at $185,000 after acquiring an additional 5,832 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of IMAX in the fourth quarter worth approximately $217,000. Cornerstone Investment Partners LLC purchased a new stake in shares of IMAX during the fourth quarter worth $248,000. Finally, Savant Capital LLC acquired a new stake in IMAX in the 4th quarter valued at about $249,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

IMAX Stock Performance

Shares of IMAX stock traded up $0.72 during trading hours on Friday, reaching $24.87. 711,560 shares of the company were exchanged, compared to its average volume of 747,916. The firm has a market cap of $1.34 billion, a PE ratio of 50.76, a PEG ratio of 1.49 and a beta of 0.79. The stock's fifty day moving average is $24.47 and its 200 day moving average is $24.46. IMAX Co. has a 1 year low of $14.94 and a 1 year high of $27.77.

IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The business had revenue of $86.67 million during the quarter, compared to the consensus estimate of $82.95 million. IMAX had a return on equity of 8.60% and a net margin of 7.40%. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. Research analysts expect that IMAX Co. will post 0.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IMAX shares. Wells Fargo & Company lowered their price objective on IMAX from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Rosenblatt Securities reissued a "buy" rating and set a $35.00 price target on shares of IMAX in a research report on Thursday, April 24th. Barrington Research reissued an "outperform" rating and set a $32.00 target price on shares of IMAX in a research note on Thursday, April 24th. Macquarie boosted their price target on shares of IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $30.56.

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.