Two Sigma Investments LP Takes Position in IMAX Co. (NYSE:IMAX)

Two Sigma Investments LP purchased a new stake in shares of IMAX Co. (NYSE:IMAX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 94,197 shares of the company's stock, valued at approximately $2,411,000. Two Sigma Investments LP owned 0.18% of IMAX as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in IMAX by 1.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 29,176 shares of the company's stock worth $747,000 after buying an additional 533 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company's stock worth $25,000 after acquiring an additional 561 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of IMAX by 3.4% during the 4th quarter. MetLife Investment Management LLC now owns 25,918 shares of the company's stock worth $664,000 after acquiring an additional 848 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of IMAX by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,395 shares of the company's stock worth $625,000 after acquiring an additional 905 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its position in shares of IMAX by 19.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,827 shares of the company's stock worth $252,000 after purchasing an additional 1,627 shares during the period. Institutional investors own 93.51% of the company's stock.

IMAX Trading Down 0.8%

IMAX stock traded down $0.21 during midday trading on Wednesday, reaching $27.72. The company had a trading volume of 553,262 shares, compared to its average volume of 761,143. The company has a 50 day moving average of $25.09 and a two-hundred day moving average of $25.09. The company has a market capitalization of $1.49 billion, a P/E ratio of 56.57, a PEG ratio of 1.49 and a beta of 0.79. IMAX Co. has a 1 year low of $14.94 and a 1 year high of $28.42.

IMAX (NYSE:IMAX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.13 earnings per share 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%. IMAX's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share. On average, sell-side analysts anticipate that IMAX Co. will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $32.00 price target on shares of IMAX in a research report on Thursday, April 24th. Rosenblatt Securities reissued a "buy" rating and issued a $35.00 target price on shares of IMAX in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of IMAX from $27.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Macquarie raised their price objective on shares of IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, Wall Street Zen raised shares of IMAX from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $31.22.

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.