IMAX Co. (NYSE:IMAX) EVP Sells $104,516.50 in Stock

IMAX Co. (NYSE:IMAX - Get Free Report) EVP Calamera Pablo sold 6,130 shares of the company's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $17.05, for a total transaction of $104,516.50. Following the completion of the transaction, the executive vice president now owns 42,269 shares in the company, valued at $720,686.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

IMAX Stock Down 0.4 %

NYSE IMAX traded down $0.06 during trading hours on Monday, reaching $17.09. 977,213 shares of the company were exchanged, compared to its average volume of 874,545. The stock has a market capitalization of $899.01 million, a P/E ratio of 35.59, a P/E/G ratio of 1.50 and a beta of 1.25. IMAX Co. has a 1 year low of $13.20 and a 1 year high of $21.45. The business's 50 day simple moving average is $16.45 and its 200-day simple moving average is $16.04.

IMAX (NYSE:IMAX - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. IMAX had a return on equity of 9.47% and a net margin of 7.13%. The firm had revenue of $79.12 million for the quarter, compared to analysts' expectations of $77.88 million. As a group, sell-side analysts anticipate that IMAX Co. will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IMAX. Dimensional Fund Advisors LP grew its position in IMAX by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,454,524 shares of the company's stock worth $21,847,000 after buying an additional 10,358 shares in the last quarter. Private Capital Management LLC grew its stake in IMAX by 54.3% in the 4th quarter. Private Capital Management LLC now owns 1,185,715 shares of the company's stock worth $17,809,000 after buying an additional 417,169 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of IMAX by 13.0% during the 4th quarter. Victory Capital Management Inc. now owns 825,319 shares of the company's stock valued at $12,396,000 after buying an additional 95,182 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its holdings in shares of IMAX by 33.8% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 392,278 shares of the company's stock worth $7,579,000 after acquiring an additional 99,163 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in IMAX in the third quarter valued at $7,118,000. Hedge funds and other institutional investors own 93.51% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on IMAX. The Goldman Sachs Group lowered their price target on IMAX from $15.00 to $13.00 and set a "sell" rating for the company in a report on Thursday, January 11th. StockNews.com downgraded shares of IMAX from a "buy" rating to a "hold" rating in a research report on Saturday, January 27th. B. Riley cut their target price on IMAX from $27.00 to $21.00 and set a "buy" rating on the stock in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. reduced their price target on shares of IMAX from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, February 6th. Finally, Barrington Research restated an "outperform" rating and issued a $24.00 target price on shares of IMAX in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.57.

About IMAX

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.