Private Capital Management LLC Trims Stock Holdings in IMAX Co. (NYSE:IMAX)

Private Capital Management LLC trimmed its holdings in IMAX Co. (NYSE:IMAX - Free Report) by 94.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,495 shares of the company's stock after selling 220,610 shares during the period. Private Capital Management LLC's holdings in IMAX were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC bought a new stake in IMAX during the fourth quarter worth $309,000. Nuveen Asset Management LLC boosted its holdings in 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 acquiring an additional 37,408 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 in the last quarter. Deutsche Bank AG raised its holdings in shares of IMAX by 765.1% in the fourth quarter. Deutsche Bank AG now owns 241,930 shares of the company's stock valued at $6,193,000 after purchasing an additional 213,965 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of IMAX during the fourth quarter valued at about $773,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

IMAX Stock Performance

NYSE:IMAX traded down $0.22 during trading hours on Tuesday, reaching $26.92. The stock had a trading volume of 268,820 shares, compared to its average volume of 892,023. The stock has a market cap of $1.45 billion, a P/E ratio of 54.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79. The stock has a 50 day simple moving average of $24.72 and a 200 day simple moving average of $24.84. 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. IMAX had a return on equity of 8.60% and a net margin of 7.40%. The company had revenue of $86.67 million during the quarter, compared to analyst estimates of $82.95 million. During the same quarter last year, the firm posted $0.15 EPS. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts expect that IMAX Co. will post 0.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IMAX shares. Macquarie increased their price objective on shares of IMAX from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Benchmark reiterated a "buy" rating and set a $30.00 price target on shares of IMAX in a report on Thursday, April 10th. B. Riley began coverage on IMAX in a research note on Friday. They issued a "buy" rating and a $36.00 price objective for the company. Finally, Barrington Research reaffirmed an "outperform" rating and set a $32.00 target price on shares of IMAX in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, IMAX currently has an average rating of "Buy" and an average target price of $31.22.

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.