39,035 Shares in IMAX Co. (NYSE:IMAX) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in IMAX Co. (NYSE:IMAX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,035 shares of the company's stock, valued at approximately $999,000. Squarepoint Ops LLC owned about 0.07% of IMAX at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IMAX. Blue Trust Inc. grew its stake in shares of IMAX by 138.5% in the 4th quarter. Blue Trust Inc. now owns 966 shares of the company's stock worth $25,000 after acquiring an additional 561 shares in the last quarter. Tower Research Capital LLC TRC grew its position in IMAX by 415.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock worth $185,000 after purchasing an additional 5,832 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in IMAX in the 4th quarter valued at about $217,000. Cornerstone Investment Partners LLC bought a new position in shares of IMAX during the 4th quarter worth approximately $248,000. Finally, Savant Capital LLC purchased a new position in shares of IMAX in the 4th quarter worth approximately $249,000. 93.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen upgraded IMAX from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Wells Fargo & Company cut their price target on shares of IMAX from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Macquarie raised their price objective on shares of IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Benchmark reaffirmed a "buy" rating and issued a $30.00 price objective on shares of IMAX in a research report on Thursday, April 10th. Finally, B. Riley reissued a "buy" rating and set a $36.00 target price on shares of IMAX in a research report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, IMAX presently has a consensus rating of "Buy" and a consensus price target of $31.22.

IMAX Price Performance

IMAX traded down $0.21 during trading on Wednesday, hitting $27.72. 553,262 shares of the stock traded hands, compared to its average volume of 761,143. The firm has a market capitalization of $1.49 billion, a P/E ratio of 56.57, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79. IMAX Co. has a 12-month low of $14.94 and a 12-month high of $28.42. The firm has a 50-day moving average of $25.09 and a 200 day moving average of $25.09.

IMAX (NYSE:IMAX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.13 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 the consensus estimate of $82.95 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%. The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. As a group, equities analysts predict that IMAX Co. will post 0.91 EPS for the current fiscal year.

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.