Jump Financial LLC Boosts Stock Position in IMAX Co. (NYSE:IMAX)

Jump Financial LLC lifted its stake in IMAX Co. (NYSE:IMAX - Free Report) by 85.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,400 shares of the company's stock after acquiring an additional 48,672 shares during the quarter. Jump Financial LLC owned approximately 0.19% of IMAX worth $1,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IMAX. SG Americas Securities LLC acquired a new position in shares of IMAX during the 3rd quarter worth approximately $139,000. C M Bidwell & Associates Ltd. bought a new stake in IMAX during the third quarter worth $160,000. Fox Run Management L.L.C. bought a new stake in IMAX during the third quarter worth $198,000. Teacher Retirement System of Texas acquired a new stake in IMAX in the fourth quarter valued at $238,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of IMAX by 41.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,531 shares of the company's stock valued at $242,000 after acquiring an additional 3,682 shares during the period. Institutional investors own 93.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $24.00 target price on shares of IMAX in a report on Monday, April 22nd. StockNews.com cut IMAX from a "buy" rating to a "hold" rating in a research report on Saturday, January 27th. Wedbush reiterated an "outperform" rating and set a $22.00 target price on shares of IMAX in a research note on Friday, April 26th. Benchmark restated a "buy" rating and issued a $22.00 price target on shares of IMAX in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. cut their price target on IMAX from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $20.57.

IMAX Stock Down 3.9 %

Shares of IMAX stock traded down $0.69 during trading on Thursday, reaching $16.93. The company's stock had a trading volume of 608,356 shares, compared to its average volume of 864,626. The business's 50-day moving average price is $16.59 and its 200-day moving average price is $15.96. IMAX Co. has a 52 week low of $13.20 and a 52 week high of $20.70. The firm has a market cap of $890.94 million, a PE ratio of 35.27, a P/E/G ratio of 1.45 and a beta of 1.22.

IMAX (NYSE:IMAX - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. IMAX had a net margin of 7.13% and a return on equity of 9.47%. The firm had revenue of $79.12 million for the quarter, compared to analyst estimates of $77.88 million. Equities analysts predict that IMAX Co. will post 0.61 earnings per share for the current year.

Insiders Place Their Bets

In other 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 directly owns 138,889 shares in the company, valued at approximately $2,343,057.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other IMAX news, EVP Calamera Pablo sold 6,130 shares of the company's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $17.05, for a total transaction of $104,516.50. Following the completion of the sale, the executive vice president now directly 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 can be accessed through the SEC website. Also, VP Robert D. Lister sold 25,000 shares of IMAX stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $16.87, for a total value of $421,750.00. Following the completion of the transaction, the vice president now owns 138,889 shares in the company, valued at approximately $2,343,057.43. The disclosure for this sale can be found here. Corporate insiders own 24.33% of the company's stock.

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.