IMAX Co. (NYSE:IMAX) Shares Sold by Prospect Capital Advisors LLC

Prospect Capital Advisors LLC lowered its position in shares of IMAX Co. (NYSE:IMAX - Free Report) by 33.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 241,550 shares of the company's stock after selling 119,050 shares during the quarter. IMAX comprises approximately 3.6% of Prospect Capital Advisors LLC's holdings, making the stock its 14th largest holding. Prospect Capital Advisors LLC owned approximately 0.46% of IMAX worth $6,184,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC grew its holdings in shares of IMAX by 27.8% during the 4th quarter. Nuveen Asset Management LLC now owns 171,781 shares of the company's stock worth $4,398,000 after purchasing an additional 37,408 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 period. Deutsche Bank AG boosted its holdings in IMAX by 765.1% in the 4th quarter. Deutsche Bank AG now owns 241,930 shares of the company's stock worth $6,193,000 after acquiring an additional 213,965 shares during the period. CoreCap Advisors LLC purchased a new position in IMAX in the 4th quarter worth approximately $773,000. Finally, BNP Paribas Financial Markets boosted its holdings in IMAX by 267.2% in the 4th quarter. BNP Paribas Financial Markets now owns 96,062 shares of the company's stock worth $2,459,000 after acquiring an additional 69,901 shares during the period. Hedge funds and other institutional investors own 93.51% of the company's stock.

IMAX Stock Up 0.6%

IMAX opened at $26.30 on Thursday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79. The stock's 50 day moving average price is $24.56 and its two-hundred day moving average price is $24.71. IMAX Co. has a 12-month low of $14.94 and a 12-month high of $27.77.

IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $86.67 million for 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%. IMAX's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS. As a group, analysts anticipate that IMAX Co. will post 0.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IMAX shares. JPMorgan Chase & Co. decreased their price target on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Benchmark reaffirmed a "buy" rating and issued a $30.00 target price on shares of IMAX in a research report on Thursday, April 10th. Wells Fargo & Company cut their target price on IMAX from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barrington Research reaffirmed an "outperform" rating and issued a $32.00 target price on shares of IMAX in a research report on Thursday, April 24th. Finally, Macquarie upped their target price on IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.56.

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.

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