Deutsche Bank AG Acquires 213,965 Shares of IMAX Co. (NYSE:IMAX)

Deutsche Bank AG lifted its position in IMAX Co. (NYSE:IMAX - Free Report) by 765.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,930 shares of the company's stock after buying an additional 213,965 shares during the quarter. Deutsche Bank AG owned approximately 0.46% of IMAX worth $6,193,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. CoreCap Advisors LLC bought a new stake in IMAX during the fourth quarter valued at $773,000. BNP Paribas Financial Markets raised its holdings in shares of IMAX by 267.2% in the 4th quarter. BNP Paribas Financial Markets now owns 96,062 shares of the company's stock valued at $2,459,000 after acquiring an additional 69,901 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of IMAX by 36.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,823,516 shares of the company's stock valued at $46,671,000 after acquiring an additional 491,172 shares during the last quarter. Manatuck Hill Partners LLC grew its holdings in shares of IMAX by 5.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 315,000 shares of the company's stock worth $8,064,000 after purchasing an additional 15,000 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in shares of IMAX during the fourth quarter worth about $2,608,000. 93.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IMAX shares. StockNews.com raised shares of IMAX from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Wells Fargo & Company cut their target price on shares of IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Rosenblatt Securities restated a "buy" rating and set a $35.00 price target on shares of IMAX in a research report on Thursday, April 24th. Macquarie lifted their price target on IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price objective on IMAX from $27.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. One equities research 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 has a consensus rating of "Buy" and a consensus price target of $31.22.

IMAX Stock Down 0.5%

Shares of NYSE IMAX traded down $0.15 during midday trading on Wednesday, reaching $26.97. The company had a trading volume of 582,518 shares, compared to its average volume of 754,572. The stock has a market cap of $1.45 billion, a PE ratio of 55.03, a price-to-earnings-growth 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 firm's fifty day moving average price is $24.79 and its 200-day moving average price is $24.86.

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

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.