Calamera Pablo Sells 6,130 Shares of IMAX Co. (NYSE:IMAX) Stock

IMAX Co. (NYSE:IMAX) EVP Calamera Pablo sold 6,130 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $17.05, for a total transaction of $104,516.50. Following the transaction, the executive vice president now owns 42,269 shares in the company, valued at $720,686.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

IMAX Price Performance

Shares of IMAX opened at $17.09 on Tuesday. The business’s fifty day moving average price is $16.45 and its 200 day moving average price is $16.04. IMAX Co. has a 12-month low of $13.20 and a 12-month high of $21.45. The stock has a market capitalization of $904.67 million, a PE ratio of 35.59, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25.

IMAX (NYSE:IMAX) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts anticipate that IMAX Co. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IMAX has been the topic of several recent analyst reports. B. Riley cut their price objective on shares of IMAX from $27.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, January 2nd. Barrington Research reissued an “outperform” rating and set a $24.00 target price on shares of IMAX in a research report on Monday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of IMAX from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. The Goldman Sachs Group dropped their target price on shares of IMAX from $15.00 to $13.00 and set a “sell” rating for the company in a research report on Thursday, January 11th. Finally, StockNews.com downgraded shares of IMAX from a “buy” rating to a “hold” rating in a research report on Saturday, January 27th. 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 stock. According to data from MarketBeat, IMAX presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.57.

Institutional Investors Weigh In On IMAX

A number of hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its stake in IMAX by 8.9% in the third quarter. Arizona State Retirement System now owns 13,212 shares of the company’s stock valued at $255,000 after buying an additional 1,085 shares during the last quarter. Mission Wealth Management LP lifted its stake in IMAX by 3.6% in the fourth quarter. Mission Wealth Management LP now owns 50,587 shares of the company’s stock valued at $760,000 after buying an additional 1,737 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in IMAX in the fourth quarter valued at $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in IMAX by 41.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,531 shares of the company’s stock valued at $242,000 after buying an additional 3,682 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in IMAX by 21.8% in the third quarter. Jupiter Asset Management Ltd. now owns 22,031 shares of the company’s stock valued at $426,000 after buying an additional 3,945 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors.

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.