BNP Paribas Financial Markets Purchases 69,901 Shares of IMAX Co. (NYSE:IMAX)

BNP Paribas Financial Markets grew its position in shares of IMAX Co. (NYSE:IMAX - Free Report) by 267.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,062 shares of the company's stock after acquiring an additional 69,901 shares during the quarter. BNP Paribas Financial Markets owned about 0.18% of IMAX worth $2,459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in IMAX by 69.3% during the fourth quarter. Principal Financial Group Inc. now owns 103,946 shares of the company's stock worth $2,661,000 after buying an additional 42,562 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of IMAX by 116.1% during the 4th quarter. Intech Investment Management LLC now owns 21,589 shares of the company's stock valued at $553,000 after buying an additional 11,597 shares during the last quarter. Raymond James Financial Inc. bought a new position in IMAX during the fourth quarter worth about $9,143,000. Savant Capital LLC bought a new position in IMAX in the 4th quarter worth approximately $249,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of IMAX by 45.4% in the fourth quarter. Wells Fargo & Company MN now owns 624,510 shares of the company's stock worth $15,987,000 after acquiring an additional 194,917 shares during the period. 93.51% of the stock is owned by institutional investors and hedge funds.

IMAX Price Performance

NYSE:IMAX traded down $0.07 during mid-day trading on Tuesday, hitting $27.07. 778,205 shares of the company's stock were exchanged, compared to its average volume of 754,748. The company has a market cap of $1.45 billion, a PE ratio of 55.25, a P/E/G ratio of 1.49 and a beta of 0.79. IMAX Co. has a one year low of $14.94 and a one year high of $27.77. The business has a fifty day moving average price of $24.72 and a 200 day moving average price of $24.84.

IMAX (NYSE:IMAX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $86.67 million during the quarter, compared to analyst estimates of $82.95 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%. The business's revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. On average, equities analysts forecast that IMAX Co. will post 0.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on IMAX shares. Wells Fargo & Company reduced their price objective on shares of IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. StockNews.com upgraded shares of IMAX from a "hold" rating to a "buy" rating in a report on Friday. B. Riley started coverage on IMAX in a report on Friday. They set a "buy" rating and a $36.00 target price for the company. Macquarie boosted their price objective on shares of IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, 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. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, IMAX presently has a consensus rating of "Buy" and an average target price of $31.22.

IMAX Company 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.