UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.79 Million Position in IMAX Co. (NYSE:IMAX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of IMAX Co. (NYSE:IMAX - Free Report) by 87.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 147,978 shares of the company's stock after acquiring an additional 68,957 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of IMAX worth $3,788,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its holdings in IMAX by 138.5% during the fourth 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. Tower Research Capital LLC TRC raised its holdings in IMAX by 415.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock worth $185,000 after acquiring an additional 5,832 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in IMAX during the fourth quarter worth about $217,000. Cornerstone Investment Partners LLC bought a new stake in IMAX during the fourth quarter worth about $248,000. Finally, Savant Capital LLC bought a new stake in IMAX during the fourth quarter worth about $249,000. Institutional investors own 93.51% of the company's stock.

IMAX Stock Up 0.6%

Shares of IMAX stock traded up $0.16 on Friday, hitting $27.63. The stock had a trading volume of 505,428 shares, compared to its average volume of 761,460. IMAX Co. has a twelve month low of $14.94 and a twelve month high of $28.42. The business's 50 day moving average is $25.13 and its two-hundred day moving average is $25.13. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 56.39, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79.

IMAX (NYSE:IMAX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. IMAX had a return on equity of 8.60% and a net margin of 7.40%. The company had revenue of $86.67 million for the quarter, compared to the consensus estimate of $82.95 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities analysts predict that IMAX Co. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

IMAX has been the topic of a number of recent analyst reports. Benchmark reissued a "buy" rating and set a $30.00 price target on shares of IMAX in a research report on Thursday, April 10th. Wall Street Zen raised IMAX from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Wedbush reissued an "outperform" rating and set a $32.00 price target on shares of IMAX in a research report on Thursday, April 17th. Barrington Research reissued an "outperform" rating and set a $32.00 price target on shares of IMAX in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on IMAX from $27.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. One equities 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 stock. According to MarketBeat.com, IMAX presently has an average rating of "Buy" and an average price target of $31.22.

IMAX Company 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.