Strs Ohio Lowers Stake in IMAX Corporation $IMAX

Key Points

• Strs Ohio cut its stake by 52.5% in Q4, selling 119,600 shares and retaining 108,400 IMAX shares worth about $4.01 million (roughly 0.20% of the company).
• Q1 mixed results: IMAX beat EPS estimates ($0.17 vs. $0.15) but revenue fell 6.1% year‑over‑year to $81.38 million, with margins pressured by China headwinds and network expansion costs.
• Significant insider and institutional activity: Insiders sold 1,054,284 shares (~$40.06M) in the past three months, including large sales by Kevin Douglas and CEO Richard Gelfond, while hedge funds and other institutions own about 93.51% of the stock and insiders hold roughly 20.55%.

Strs Ohio lessened its stake in shares of IMAX Corporation (NYSE:IMAX - Free Report) by 52.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,400 shares of the company's stock after selling 119,600 shares during the quarter. Strs Ohio owned approximately 0.20% of IMAX worth $4,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new stake in shares of IMAX during the 3rd quarter worth $27,000. Jones Financial Companies Lllp grew its stake in IMAX by 43.8% in the third quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company's stock valued at $34,000 after purchasing an additional 317 shares during the last quarter. First Horizon Corp bought a new position in IMAX in the third quarter worth about $34,000. Clearstead Advisors LLC bought a new position in IMAX in the third quarter worth about $35,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of 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 valued at $38,000 after buying an additional 1,109 shares during the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Key IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: High‑profile release momentum — Christopher Nolan unveiled a new trailer for The Odyssey, billed as a global IMAX epic; a Nolan title materially increases the chance of premium IMAX screen bookings and strong ticket premiums. Christopher Nolan unveils new trailer for ‘The Odyssey,’ a global IMAX epic | WATCH
• Positive Sentiment: Franchise previews driving premium attendance — IMAX audiences received an exclusive Mandalorian & Grogu clip at preview events, signaling continued demand from franchise content that typically drives outsized premium ticket revenue. New 'Mandalorian and Grogu' clip drops as IMAX audiences preview opening scenes
• Positive Sentiment: New experiential content — Apple’s F1 Live in IMAX highlights IMAX’s ability to host live/alternative content and broaden revenue beyond traditional films, which supports utilization of premium auditoriums. Apple’s ‘F1 Live in IMAX’ offers fans a novel perspective
• Positive Sentiment: Network expansion — IMAX and Hoyts signed a deal for a 10‑site expansion in Australia, adding screens in a fast‑growing market and supporting medium‑term revenue growth. Hoyts and Imax pen deal for 10-site expansion
• Positive Sentiment: Analyst coverage and price targets — recent analyst commentary includes an average price target of $43.70, which may support bullish positioning from investors. IMAX Corporation NYSE: IMAX Receives $43.70 Average PT from Analysts
• Neutral Sentiment: Investor access/upcoming investor events — IMAX announced CFO Natasha Fernandes will present at J.P. Morgan’s Global TMT Conference (May 19) and hold one‑on‑ones, increasing transparency and potentially reducing information asymmetry. IMAX to Present at J.P. Morgan's 2026 Global Technology, Media and Communications Conference
• Neutral Sentiment: Sector tailwinds — a broader theatrical rebound (e.g., strong box office at peers) benefits IMAX indirectly by boosting exhibition demand, though impacts are company‑ and slate‑specific. A Prada Payday: Is AMC Back in Style? (IMAX)
• Negative Sentiment: Revenue and margin pressure — Q1 beat on EPS but revenue declined year‑over‑year and margins were hit by China headwinds and network expansion costs, a near‑term drag on free cash flow and valuation. IMAX Shares Decline 4% Despite Q1 Earnings Beat, Revenues Down Y/Y
• Negative Sentiment: Content distribution friction — IMAX’s CFO labeled Disney’s “Infinity Vision” format a “marketing play” after Avengers: Doomsday missed IMAX screens, highlighting risks that some studio initiatives may bypass IMAX or reduce screen share for certain blockbusters. IMAX CFO Calls Disney’s Infinity Vision Format As “Marketing Play” After ‘Avengers: Doomsday’ Missed Out On IMAX Screens

IMAX Stock Up 1.4%

Shares of IMAX stock opened at $35.75 on Wednesday. The company has a 50 day moving average price of $38.18 and a 200 day moving average price of $36.52. The firm has a market capitalization of $1.97 billion, a P/E ratio of 54.99, a PEG ratio of 1.54 and a beta of 0.37. IMAX Corporation has a 52 week low of $23.91 and a 52 week high of $43.16.

IMAX (NYSE:IMAX - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. IMAX had a net margin of 9.08% and a return on equity of 13.61%. The company had revenue of $81.38 million for the quarter, compared to the consensus estimate of $79.82 million. During the same quarter in the previous year, the firm earned $0.13 EPS. IMAX's revenue was down 6.1% compared to the same quarter last year. As a group, research analysts anticipate that IMAX Corporation will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IMAX has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of IMAX from $48.00 to $47.00 and set an "overweight" rating on the stock in a research report on Friday, May 1st. Barrington Research raised their target price on shares of IMAX from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday. Wedbush reaffirmed an "outperform" rating and issued a $46.00 price target on shares of IMAX in a report on Thursday, April 23rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $47.00 price target on shares of IMAX in a research report on Monday, April 20th. Finally, Weiss Ratings lowered IMAX from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.00.

Insider Buying and Selling at IMAX

In other IMAX news, insider Kevin Douglas sold 330,200 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $37.82, for a total transaction of $12,488,164.00. Following the sale, the insider directly owned 3,657,450 shares of the company's stock, valued at approximately $138,324,759. This trade represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard L. Gelfond sold 135,046 shares of IMAX stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $37.82, for a total value of $5,107,439.72. Following the transaction, the chief executive officer owned 765,002 shares of the company's stock, valued at $28,932,375.64. The trade was a 15.00% 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 1,054,284 shares of company stock valued at $40,062,532. 20.55% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding IMAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IMAX Corporation (NYSE:IMAX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.