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 business’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 transaction, the executive vice president now directly owns 42,269 shares in the company, valued at approximately $720,686.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

IMAX Trading Down 6.3 %

Shares of IMAX opened at $16.01 on Wednesday. IMAX Co. has a twelve month low of $13.20 and a twelve month high of $21.45. The company has a market cap of $842.45 million, a P/E ratio of 33.35, a P/E/G ratio of 1.50 and a beta of 1.25. The company’s fifty day simple moving average is $16.45 and its 200-day simple moving average is $16.04.

IMAX (NYSE:IMAX) last announced its earnings results on Thursday, April 25th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. IMAX had a net margin of 7.13% and a return on equity of 9.47%. The business had revenue of $79.12 million for the quarter, compared to the consensus estimate of $77.88 million. Analysts predict that IMAX Co. will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $24.00 target price on shares of IMAX in a report on Monday, April 22nd. Wedbush reissued an “outperform” rating and issued a $22.00 target price on shares of IMAX in a report on Friday, April 26th. JPMorgan Chase & Co. decreased their price target on shares of IMAX from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. The Goldman Sachs Group decreased their price target on shares of IMAX from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Thursday, January 11th. Finally, StockNews.com downgraded shares of IMAX from a “buy” rating to a “hold” rating in a research note 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 assigned a buy rating to the company. Based on data from MarketBeat.com, IMAX currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.57.

Institutional Investors Weigh In On IMAX

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank raised its stake in shares of IMAX by 8.5% in the third quarter. Swiss National Bank now owns 102,000 shares of the company’s stock valued at $1,971,000 after acquiring an additional 8,000 shares during the period. Mizuho Markets Americas LLC bought a new position in shares of IMAX in the third quarter worth about $7,118,000. Alpine Woods Capital Investors LLC grew its holdings in shares of IMAX by 33.8% in the third quarter. Alpine Woods Capital Investors LLC now owns 392,278 shares of the company’s stock worth $7,579,000 after purchasing an additional 99,163 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of IMAX by 44.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 158,022 shares of the company’s stock worth $2,373,000 after purchasing an additional 48,266 shares during the last quarter. Finally, GTS Securities LLC bought a new position in shares of IMAX in the third quarter worth about $1,092,000. Hedge funds and other institutional investors own 93.51% of the company’s stock.

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.