IMAX Co. (NYSE:IMAX) Stock Position Lowered by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lowered its position in shares of IMAX Co. (NYSE:IMAX) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,400 shares of the company’s stock after selling 9,600 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.06% of IMAX worth $778,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its stake in shares of IMAX by 15.1% in the 4th quarter. Lord Abbett & CO. LLC now owns 354,693 shares of the company’s stock worth $9,080,000 after purchasing an additional 46,472 shares during the last quarter. Oberweis Asset Management Inc. increased its holdings in shares of IMAX by 29.7% in the fourth quarter. Oberweis Asset Management Inc. now owns 579,600 shares of the company’s stock valued at $14,838,000 after buying an additional 132,600 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of IMAX by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,861 shares of the company’s stock valued at $432,000 after acquiring an additional 2,776 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of IMAX by 19.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 9,827 shares of the company’s stock worth $252,000 after acquiring an additional 1,627 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of IMAX by 415.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company’s stock worth $185,000 after acquiring an additional 5,832 shares during the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IMAX has been the topic of a number of analyst reports. Macquarie lifted their price target on IMAX from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price target on shares of IMAX from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Wedbush reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of IMAX in a research note on Thursday, April 17th. Wells Fargo & Company cut their target price on shares of IMAX from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $30.00 target price on shares of IMAX in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, IMAX currently has a consensus rating of “Moderate Buy” and an average price target of $30.56.

IMAX Trading Up 0.7 %

Shares of NYSE:IMAX opened at $25.84 on Friday. IMAX Co. has a 1 year low of $14.94 and a 1 year high of $27.77. The firm has a fifty day moving average price of $24.46 and a 200 day moving average price of $24.55. The stock has a market capitalization of $1.39 billion, a PE ratio of 52.73, a P/E/G ratio of 1.49 and a beta of 0.79.

IMAX (NYSE:IMAX) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $86.67 million for the quarter, compared to the consensus estimate of $82.95 million. IMAX had a return on equity of 8.60% and a net margin of 7.40%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. On average, sell-side 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.