IMAX Co. (NYSE:IMAX) Stake Boosted by State of Wyoming

State of Wyoming grew its holdings in shares of IMAX Co. (NYSE:IMAX - Free Report) by 184.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,606 shares of the company's stock after purchasing an additional 14,014 shares during the period. State of Wyoming's holdings in IMAX were worth $553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IMAX. Blue Trust Inc. increased its stake in IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company's stock valued at $25,000 after buying an additional 561 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of IMAX by 415.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock valued at $185,000 after acquiring an additional 5,832 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of IMAX in the fourth quarter valued at approximately $217,000. Cornerstone Investment Partners LLC acquired a new position in shares of IMAX during the fourth quarter valued at approximately $248,000. Finally, Savant Capital LLC bought a new stake in IMAX during the fourth quarter worth approximately $249,000. 93.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IMAX shares. Wedbush reissued an "outperform" rating and set a $32.00 target price on shares of IMAX in a research note on Thursday, April 17th. B. Riley reiterated a "buy" rating and set a $36.00 price objective on shares of IMAX in a research report on Friday, May 16th. JPMorgan Chase & Co. decreased their target price on IMAX from $27.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $35.00 target price on shares of IMAX in a research report on Thursday, April 24th. Finally, Macquarie increased their price target on IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $31.22.

IMAX Stock Performance

Shares of IMAX stock traded up $0.07 on Friday, reaching $26.98. 441,738 shares of the company's stock traded hands, compared to its average volume of 885,171. The company has a market capitalization of $1.45 billion, a P/E ratio of 55.06, 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 $27.77. The business's 50 day moving average price is $24.89 and its two-hundred day moving average price is $24.89.

IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 8.60% and a net margin of 7.40%. The business's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. Research analysts predict that IMAX Co. will post 0.91 earnings per share for the current 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.