IMAX Co. (NYSE:IMAX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of IMAX Co. (NYSE:IMAX) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.57.

A number of research analysts have recently issued reports on IMAX shares. StockNews.com downgraded shares of IMAX from a “buy” rating to a “hold” rating in a research report on Saturday, January 27th. Benchmark reiterated a “buy” rating and set a $22.00 target price on shares of IMAX in a research report on Friday, April 26th. The Goldman Sachs Group dropped their target price on shares of IMAX from $15.00 to $13.00 and set a “sell” rating on the stock in a research report on Thursday, January 11th. Wedbush restated an “outperform” rating and set a $22.00 price objective on shares of IMAX in a report on Friday, April 26th. Finally, Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of IMAX in a research note on Monday, April 22nd.

IMAX Trading Up 2.0 %

Shares of IMAX stock opened at $16.71 on Friday. The firm has a market capitalization of $879.02 million, a PE ratio of 34.80, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The firm’s 50 day moving average is $16.50 and its 200 day moving average is $16.03. IMAX has a 1 year low of $13.20 and a 1 year high of $20.70.

IMAX (NYSE:IMAX) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The company had revenue of $79.12 million for the quarter, compared to analyst estimates of $77.88 million. IMAX had a net margin of 7.13% and a return on equity of 9.47%. As a group, research analysts anticipate that IMAX will post 0.61 earnings per share for the current year.

Insider Buying and Selling at IMAX

In other news, VP Robert D. Lister sold 25,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $16.87, for a total value of $421,750.00. Following the sale, the vice president now directly owns 138,889 shares of the company’s stock, valued at $2,343,057.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Calamera Pablo sold 6,130 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $17.05, for a total value of $104,516.50. Following the sale, the executive vice president now directly owns 42,269 shares of the company’s stock, valued at $720,686.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert D. Lister sold 25,000 shares of the stock in a transaction dated 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 $2,343,057.43. The disclosure for this sale can be found here. Insiders own 24.33% of the company’s stock.

Institutional Investors Weigh In On IMAX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in IMAX by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,454,524 shares of the company’s stock valued at $21,847,000 after purchasing an additional 10,358 shares in the last quarter. Private Capital Management LLC raised its stake in IMAX by 54.3% in the fourth quarter. Private Capital Management LLC now owns 1,185,715 shares of the company’s stock valued at $17,809,000 after purchasing an additional 417,169 shares in the last quarter. Victory Capital Management Inc. raised its stake in IMAX by 13.0% in the fourth quarter. Victory Capital Management Inc. now owns 825,319 shares of the company’s stock valued at $12,396,000 after purchasing an additional 95,182 shares in the last quarter. Alpine Woods Capital Investors LLC raised its stake in IMAX by 33.8% in the third quarter. Alpine Woods Capital Investors LLC now owns 392,278 shares of the company’s stock valued at $7,579,000 after purchasing an additional 99,163 shares in the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in IMAX in the third quarter valued at approximately $7,118,000. 93.51% of the stock is owned by hedge funds and other institutional investors.

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.