Wellington Management Group LLP Has $31.90 Million Stake in IMAX Corporation $IMAX

Wellington Management Group LLP boosted its stake in shares of IMAX Corporation (NYSE:IMAX - Free Report) by 51.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 800,193 shares of the company's stock after buying an additional 273,122 shares during the quarter. Wellington Management Group LLP owned approximately 1.46% of IMAX worth $31,896,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC bought a new position in shares of IMAX during the third quarter worth about $27,000. Quarry LP increased its position in IMAX by 166.8% during the 4th quarter. Quarry LP now owns 875 shares of the company's stock valued at $32,000 after purchasing an additional 547 shares during the period. Caitong International Asset Management Co. Ltd increased its position in IMAX by 2,310.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company's stock valued at $38,000 after purchasing an additional 1,109 shares during the period. Aster Capital Management DIFC Ltd raised its holdings in IMAX by 863.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company's stock worth $62,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of IMAX in the 4th quarter worth approximately $74,000. Institutional investors own 93.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Benchmark reissued a "buy" rating on shares of IMAX in a research note on Monday, June 22nd. Barrington Research lifted their price objective on IMAX from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 target price on shares of IMAX in a research note on Friday, May 22nd. Seaport Research Partners reiterated a "buy" rating and issued a $50.00 target price on shares of IMAX in a report on Wednesday, June 24th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $60.00 price target on shares of IMAX in a research note on Wednesday, August 19th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $54.00.

IMAX Trading Down 0.4%

Shares of NYSE IMAX opened at $51.72 on Friday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 71.83, a P/E/G ratio of 1.66 and a beta of 0.40. The firm's 50-day moving average price is $46.36 and its 200-day moving average price is $41.27. IMAX Corporation has a 1-year low of $28.93 and a 1-year high of $55.57.

IMAX (NYSE:IMAX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.13. IMAX had a return on equity of 15.47% and a net margin of 9.84%.The business had revenue of $102.84 million during the quarter, compared to analyst estimates of $96.09 million. During the same period in the previous year, the company posted $0.26 EPS. The firm's revenue was up 12.2% compared to the same quarter last year. Equities research analysts forecast that IMAX Corporation will post 1.49 EPS for the current year.

Insider Buying and Selling at IMAX

In other news, CFO Natasha Fernandes sold 20,000 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $54.63, for a total transaction of $1,092,600.00. Following the completion of the sale, the chief financial officer owned 35,596 shares in the company, valued at $1,944,609.48. The trade was a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kenneth Weissman sold 8,000 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $54.54, for a total transaction of $436,320.00. Following the sale, the insider owned 28,205 shares of the company's stock, valued at $1,538,300.70. This trade represents a 22.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 484,757 shares of company stock valued at $25,513,021. Company insiders own 20.55% of the company's stock.

Key Stories Impacting IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: The Odyssey’s IMAX 70mm engagement has been extended through the end of September, indicating sustained demand for premium-format screenings and potentially supporting IMAX’s box-office revenue. The Odyssey Is Extending Its IMAX 70MM Run Once Again Through the End of September
• Positive Sentiment: Multiple reports say The Odyssey’s ticket sales have surpassed $450 million, and theaters are extending its IMAX 70mm run. The result reinforces the commercial appeal of blockbuster films released in IMAX and could improve near-term exhibitor and technology revenue. The Odyssey extends Imax 70mm run, ticket sales surpass $450 million
• Neutral Sentiment: Coverage of Steph Curry’s basketball project involving 20 IMAX cameras highlights IMAX’s ability to attract sports and event-content partnerships, although the immediate financial impact is unclear. Steph Curry IMAX cameras feature
• Negative Sentiment: Goldman Sachs raised its IMAX price target from $42 to $50 but maintained a Neutral rating. The new target remains about 3.3% below the reported $51.72 share price, suggesting Goldman believes much of the expected upside is already reflected. With IMAX trading at a high earnings multiple, the valuation signal may weigh on the stock despite the target increase.

IMAX 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.

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