Mutual of America Capital Management LLC Acquires 48,266 Shares of IMAX Co. (NYSE:IMAX)

Mutual of America Capital Management LLC increased its holdings in IMAX Co. (NYSE:IMAX - Free Report) by 44.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,022 shares of the company's stock after purchasing an additional 48,266 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.29% of IMAX worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IMAX. Intrinsic Edge Capital Management LLC bought a new stake in shares of IMAX in the 1st quarter worth approximately $11,180,000. Norges Bank bought a new stake in IMAX in the fourth quarter valued at $7,101,000. Macquarie Group Ltd. increased its position in IMAX by 16.8% during the 1st quarter. Macquarie Group Ltd. now owns 3,002,830 shares of the company's stock valued at $57,594,000 after purchasing an additional 431,231 shares during the period. Millennium Management LLC raised its holdings in IMAX by 21.3% in the 4th quarter. Millennium Management LLC now owns 2,194,019 shares of the company's stock worth $32,164,000 after purchasing an additional 385,912 shares in the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in shares of IMAX in the 3rd quarter worth about $7,118,000. Hedge funds and other institutional investors own 93.51% of the company's stock.

IMAX Stock Performance

Shares of NYSE:IMAX traded up $0.02 during trading on Friday, reaching $17.13. 794,533 shares of the stock traded hands, compared to its average volume of 708,587. The stock has a market cap of $907.03 million, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.25. IMAX Co. has a 52-week low of $13.20 and a 52-week high of $21.82. The stock has a 50-day moving average of $16.13 and a two-hundred day moving average of $16.13.

IMAX (NYSE:IMAX - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.12. The business had revenue of $86.02 million during the quarter, compared to analyst estimates of $85.83 million. IMAX had a return on equity of 9.59% and a net margin of 6.76%. IMAX's revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 EPS. Sell-side analysts expect that IMAX Co. will post 0.55 earnings per share for the current year.

Insider Buying and Selling at IMAX

In related news, VP Robert D. Lister sold 25,000 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $16.87, for a total transaction of $421,750.00. Following the completion of the sale, the vice president now owns 138,889 shares in the company, valued at $2,343,057.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 24.33% of the company's stock.

Analysts Set New Price Targets

IMAX has been the topic of several research analyst reports. Benchmark reiterated a "buy" rating and set a $22.00 price target on shares of IMAX in a research report on Tuesday. StockNews.com downgraded IMAX from a "buy" rating to a "hold" rating in a report on Saturday, January 27th. Rosenblatt Securities lowered their target price on IMAX from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, February 13th. JPMorgan Chase & Co. dropped their price target on IMAX from $20.00 to $17.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 6th. Finally, Barrington Research reiterated an "outperform" rating and issued a $24.00 price objective on shares of IMAX in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $20.57.

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.