XTX Topco Ltd Invests $428,000 in IMAX Co. (NYSE:IMAX)

XTX Topco Ltd bought a new stake in IMAX Co. (NYSE:IMAX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,736 shares of the company's stock, valued at approximately $428,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of IMAX by 14.2% in the 4th quarter. FMR LLC now owns 4,508,583 shares of the company's stock worth $115,420,000 after purchasing an additional 558,940 shares during the last quarter. Raymond James Financial Inc. acquired a new position in IMAX in the fourth quarter worth approximately $9,143,000. Lord Abbett & CO. LLC bought a new position in shares of IMAX in the third quarter valued at $6,322,000. Pier Capital LLC increased its holdings in shares of IMAX by 132.6% in the fourth quarter. Pier Capital LLC now owns 478,760 shares of the company's stock valued at $12,256,000 after buying an additional 272,949 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of IMAX by 45.4% during the 4th quarter. Wells Fargo & Company MN now owns 624,510 shares of the company's stock valued at $15,987,000 after acquiring an additional 194,917 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IMAX. 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. Benchmark reiterated a "buy" rating and issued a $30.00 target price on shares of IMAX in a report on Thursday, April 10th. Rosenblatt Securities reissued a "buy" rating and issued a $35.00 target price on shares of IMAX in a research report on Thursday. StockNews.com upgraded shares of IMAX from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Wedbush reiterated an "outperform" rating and set a $32.00 price objective on shares of IMAX in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, IMAX currently has an average rating of "Buy" and an average price target of $30.56.

IMAX Stock Performance

Shares of IMAX traded up $0.60 during trading hours on Friday, hitting $23.89. 1,068,783 shares of the company were exchanged, compared to its average volume of 758,122. The company has a market cap of $1.27 billion, a PE ratio of 48.76, a PEG ratio of 1.49 and a beta of 0.91. The firm's 50 day moving average is $24.70 and its 200-day moving average is $24.37. IMAX Co. has a 52 week low of $14.94 and a 52 week high of $27.77.

IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.14). IMAX had a net margin of 7.40% and a return on equity of 8.60%. The company had revenue of $92.67 million for the quarter, compared to analyst estimates of $104.08 million. As a group, equities analysts forecast that IMAX Co. will post 0.91 earnings per share for the current fiscal year.

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.