IMAX Co. (NYSE:IMAX) Stake Boosted by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. increased its holdings in shares of IMAX Co. (NYSE:IMAX - Free Report) by 191.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,536 shares of the company's stock after acquiring an additional 134,389 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.39% of IMAX worth $5,236,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of IMAX during the fourth quarter valued at $333,000. Janney Montgomery Scott LLC boosted its stake in IMAX by 1.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 29,176 shares of the company's stock valued at $747,000 after purchasing an additional 533 shares during the period. Blue Trust Inc. grew its position 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 purchasing an additional 561 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of IMAX in the fourth quarter valued at approximately $351,000. Finally, Savant Capital LLC bought a new stake in shares of IMAX during the fourth quarter valued at approximately $249,000. Institutional investors own 93.51% of the company's stock.

Analyst Ratings Changes

IMAX has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on IMAX from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wedbush reissued an "outperform" rating and set a $32.00 price target on shares of IMAX in a report on Thursday, April 17th. Barrington Research reaffirmed an "outperform" rating and issued a $32.00 price objective on shares of IMAX in a report on Thursday, April 24th. Macquarie raised their target price 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, 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. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $31.22.

IMAX Stock Performance

NYSE IMAX traded up $0.11 on Friday, reaching $27.83. The company's stock had a trading volume of 821,444 shares, compared to its average volume of 756,695. IMAX Co. has a twelve month low of $14.94 and a twelve month high of $28.37. The firm's 50 day moving average is $25.02 and its two-hundred day moving average is $25.00. The stock has a market cap of $1.50 billion, a PE ratio of 56.80, a PEG ratio of 1.49 and a beta of 0.79.

IMAX (NYSE:IMAX - Get Free Report) last released its earnings results 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 for 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 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 firm earned $0.15 EPS. Equities research analysts anticipate that IMAX Co. will post 0.91 EPS for the current fiscal year.

About IMAX

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.