Deutsche Bank AG Invests $1.98 Million in IMAX Corporation $IMAX

Deutsche Bank AG bought a new stake in IMAX Corporation (NYSE:IMAX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 49,601 shares of the company’s stock, valued at approximately $1,977,000.

Several other large investors have also modified their holdings of IMAX. CIBC Private Wealth Group LLC bought a new stake in IMAX in the third quarter valued at about $27,000. Quarry LP grew its position in shares of IMAX by 166.8% in the 4th quarter. Quarry LP now owns 875 shares of the company’s stock worth $32,000 after acquiring an additional 547 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of IMAX by 2,310.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company’s stock valued at $38,000 after acquiring an additional 1,109 shares during the last quarter. Torren Management LLC bought a new stake in shares of IMAX in the 4th quarter valued at approximately $40,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of IMAX by 863.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company’s stock valued at $62,000 after acquiring an additional 1,493 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

Insider Activity at IMAX

In other IMAX news, insider Kenneth Ian Weissman sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $54.54, for a total value of $436,320.00. Following the sale, the insider owned 28,205 shares in the company, valued at approximately $1,538,300.70. This trade represents a 22.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard L. Gelfond sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $53.23, for a total transaction of $5,323,000.00. Following the completion of the sale, the chief executive officer owned 665,002 shares in the company, valued at $35,398,056.46. The trade was a 13.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 484,757 shares of company stock worth $25,513,021 in the last ninety days. 20.55% of the stock is owned by insiders.

IMAX Price Performance

NYSE:IMAX opened at $50.47 on Friday. The firm has a market capitalization of $2.77 billion, a P/E ratio of 70.10, a P/E/G ratio of 1.66 and a beta of 0.38. The business has a 50 day simple moving average of $45.55 and a 200 day simple moving average of $40.74. IMAX Corporation has a 12-month low of $28.14 and a 12-month high of $55.57.

IMAX (NYSE:IMAX) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.13. The company had revenue of $102.84 million during the quarter, compared to the consensus estimate of $96.09 million. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. Research analysts anticipate that IMAX Corporation will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IMAX has been the topic of several research analyst reports. Weiss Ratings upgraded IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reiterated a “neutral” rating and set a $42.00 target price on shares of IMAX in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 price target on shares of IMAX in a research report on Friday, May 22nd. Seaport Research Partners reaffirmed a “buy” rating and issued a $50.00 price target on shares of IMAX in a report on Wednesday, June 24th. Finally, Wall Street Zen downgraded shares of IMAX from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, IMAX currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.36.

Trending Headlines about IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: The Odyssey is returning to IMAX screens in India after being displaced by Toxic, while its London BFI IMAX engagement has been extended. The developments point to strong audience demand and could support premium-format box-office revenue. The Odyssey returns in India The Odyssey London extension
• Positive Sentiment: Netflix’s upcoming Cliff Booth film is set for an IMAX release, adding another high-profile title to the company’s pipeline. A first Japanese IMAX film, Godzilla Minus Zero, is also scheduled for November, potentially broadening international content demand. Netflix IMAX release Godzilla Minus Zero IMAX release
• Positive Sentiment: A theater in Indiana is marking its 30th anniversary with an IMAX laser-projection upgrade, supporting demand for higher-quality systems and potential installation-related revenue. Zacks also characterizes IMAX as a strong momentum stock. IMAX laser upgrade Zacks momentum analysis
• Neutral Sentiment: IMAX says it remains open to a sale, but no major buyers have emerged despite record box-office performance and substantial stock appreciation. The lack of a suitor removes a potential takeover catalyst, while continued independence leaves the company focused on organic growth. CNBC IMAX sale article
• Negative Sentiment: Insider Kenneth Ian Weissman sold 8,000 shares for approximately $436,000, reducing his position by 22.1%. The sale may weigh on sentiment, particularly after the stock’s strong rally, although it does not by itself demonstrate weakening fundamentals. IMAX insider sale

IMAX Company Profile

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.