IMAX Corporation $IMAX Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its IMAX stake by 5,002.8% in the second quarter, purchasing 138,078 additional shares to hold 140,838 shares valued at approximately $5.6 million. Institutional investors and hedge funds collectively own 93.51% of the company.
• IMAX insiders have been selling shares, including CEO Richard Gelfond’s sale of 100,000 shares for about $5.3 million and insider Kenneth Weissman’s sale of 8,000 shares. Insiders sold 484,757 shares worth roughly $25.5 million over the past three months.
• The company reported strong momentum, with second-quarter EPS of $0.43 exceeding estimates and revenue rising 12.2% year over year to $102.84 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $54.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in IMAX Corporation (NYSE:IMAX - Free Report) by 5,002.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,838 shares of the company's stock after purchasing an additional 138,078 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of IMAX worth $5,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new stake in shares of IMAX in the third quarter valued at approximately $27,000. Quarry LP lifted its position in IMAX by 166.8% during the fourth quarter. Quarry LP now owns 875 shares of the company's stock worth $32,000 after buying an additional 547 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in IMAX by 2,310.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company's stock worth $38,000 after buying an additional 1,109 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its stake in IMAX by 863.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company's stock worth $62,000 after buying an additional 1,493 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in IMAX in the 4th quarter valued at $74,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Kenneth Weissman sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $54.54, for a total transaction of $436,320.00. Following the completion of the transaction, the insider owned 28,205 shares of the company's stock, valued at approximately $1,538,300.70. This trade represents a 22.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard L. Gelfond sold 100,000 shares of IMAX stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $53.23, for a total transaction of $5,323,000.00. Following the completion of the sale, the chief executive officer owned 665,002 shares of the company's stock, valued at $35,398,056.46. This trade represents a 13.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 484,757 shares of company stock valued at $25,513,021. Company insiders own 20.55% of the company's stock.

More IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX reported its best summer ever, generating $728 million in worldwide box-office receipts from Memorial Day through Labor Day—up 73% from its prior 2023 record. The company captured a record 5.8% share of the global box office across more than 1,800 screens, highlighting the premium format’s growing importance to studios and moviegoers. IMAX summer box-office record
• Positive Sentiment: Christopher Nolan’s The Odyssey was a major contributor to the record result, approaching a reported $500 million in IMAX receipts. Its record-breaking engagement has also been extended through September, potentially adding further box-office revenue. The Odyssey IMAX run extended
• Positive Sentiment: Disney’s Star Wars franchise is coming to IMAX 70mm for the first time. The planned releases of the original A New Hope for its 50th anniversary and Star Wars: Starfighter could drive premium-format attendance and reinforce IMAX’s ability to secure high-profile event films. Star Wars IMAX 70mm releases
• Positive Sentiment: A new IMAX trailer for Godzilla Minus Zero adds another major franchise title to the upcoming pipeline, supporting expectations for continued demand for large-format screenings. Godzilla Minus Zero IMAX trailer
• Neutral Sentiment: Analyst commentary continues to characterize IMAX as a long-term growth stock, though the coverage is promotional and does not represent a new earnings estimate or formal rating change. Zacks IMAX growth-stock analysis

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IMAX. B. Riley Financial lifted their price target on IMAX from $52.00 to $61.00 and gave the stock a "buy" rating in a report on Monday, August 24th. Roth Capital upped their price objective on shares of IMAX from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Barrington Research lifted their target price on shares of IMAX from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of IMAX from $47.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Finally, HC Wainwright reissued a "buy" rating on shares of IMAX in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, IMAX presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.00.

IMAX Trading Up 1.8%

NYSE IMAX opened at $52.57 on Wednesday. The stock has a fifty day simple moving average of $46.84 and a 200-day simple moving average of $41.51. The stock has a market cap of $2.88 billion, a PE ratio of 73.01, a P/E/G ratio of 1.60 and a beta of 0.40. IMAX Corporation has a twelve month low of $30.30 and a twelve month high of $55.57.

IMAX (NYSE:IMAX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.13. The company had revenue of $102.84 million for the quarter, compared to analysts' expectations of $96.09 million. IMAX had a net margin of 9.84% and a return on equity of 15.47%. IMAX's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. Research analysts predict that IMAX Corporation will post 1.53 EPS for the current year.

IMAX Company Profile

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.

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