Peregrine Capital Management LLC Has $5.66 Million Holdings in IMAX Corporation $IMAX

Peregrine Capital Management LLC lessened its stake in IMAX Corporation (NYSE:IMAX) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,056 shares of the company’s stock after selling 54,976 shares during the quarter. Peregrine Capital Management LLC’s holdings in IMAX were worth $5,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hedges Asset Management LLC acquired a new position in IMAX in the fourth quarter valued at about $2,088,000. First Horizon Corp raised its stake in IMAX by 120.4% in the fourth quarter. First Horizon Corp now owns 2,297 shares of the company’s stock valued at $85,000 after purchasing an additional 1,255 shares in the last quarter. Moran Wealth Management LLC acquired a new position in IMAX in the fourth quarter valued at about $698,000. State of Alaska Department of Revenue raised its stake in IMAX by 913.8% in the fourth quarter. State of Alaska Department of Revenue now owns 17,751 shares of the company’s stock valued at $655,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in IMAX by 50.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 41,264 shares of the company’s stock worth $1,525,000 after acquiring an additional 13,872 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on IMAX shares. Wedbush reissued an “outperform” rating and set a $46.00 target price on shares of IMAX in a research note on Thursday. Barrington Research reissued an “outperform” rating and set a $42.00 target price on shares of IMAX in a research note on Monday, January 26th. Seaport Research Partners boosted their target price on IMAX from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Rosenblatt Securities reissued a “buy” rating and set a $47.00 target price on shares of IMAX in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on IMAX from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.70.

IMAX News Summary

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Wedbush reiterated an “outperform” rating and set a $46 price target (about 25% upside vs. the current price), supporting upside expectations from the sell-side. Wedbush Reaffirms Outperform, $46 PT
• Positive Sentiment: Rosenblatt Securities issued a “Buy” rating, adding to analyst support that can help sustain investor confidence. Rosenblatt Buy Rating
• Positive Sentiment: High-profile content deals and event tie-ins keep IMAX’s long-term growth story intact: A24’s Elden Ring adaptation will be released “IMAX-big” in 2028, and recent Star Wars/Mandalorian previews and Star Wars Day IMAX events increase promotional momentum for premium theatrical experiences. Elden Ring IMAX Announcement Star Wars Day IMAX Event
• Positive Sentiment: Industry coverage highlights IMAX benefiting from a broader theatrical shift toward premium formats — a structural tailwind for screen count, pricing power and unit economics. IMAX Thrives as Theaters Embrace Premium Innovation
• Negative Sentiment: Disney’s decision to largely exclude IMAX for the tentpole “Avengers: Doomsday” is a clear near-term revenue headwind and has puzzled analysts, reducing expectations for one major franchise to drive premium-ticket revenue. Disney Puzzles Analysts with Avengers IMAX Snub
• Negative Sentiment: Reports that Disney is launching its own Infinity Vision initiative and that IMAX is reportedly prioritizing titles like Dune 3 over some Disney tentpoles raise strategic risk around future studio distribution choices and platform competition. Disney Launches Infinity Vision; IMAX Reportedly Backs Dune 3
• Negative Sentiment: Insider selling: filings show CEO Richard Gelfond sold shares (two filings disclosed) and coverage highlights ~$4.5M in sales — a potential sentiment dampener even if sales are disclosed as routine or pre-planned. Investors will watch for follow-up commentary on the reason for the sales. Gelfond Sells 41,737 Shares Gelfond Sells 34,182 Shares Fool: CEO Sells $4.5M

IMAX Price Performance

IMAX stock opened at $36.65 on Friday. The business has a 50 day moving average of $38.21 and a 200-day moving average of $36.25. IMAX Corporation has a 1 year low of $22.54 and a 1 year high of $43.16. The company has a market capitalization of $1.98 billion, a P/E ratio of 59.10, a P/E/G ratio of 1.65 and a beta of 0.41.

IMAX (NYSE:IMAX) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.15. IMAX had a return on equity of 13.53% and a net margin of 8.50%.The company had revenue of $125.21 million during the quarter, compared to the consensus estimate of $120.30 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The firm’s revenue was up 35.1% compared to the same quarter last year. Equities analysts anticipate that IMAX Corporation will post 1.31 EPS for the current year.

Insider Activity at IMAX

In other news, insider Kevin Douglas sold 330,200 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $37.82, for a total value of $12,488,164.00. Following the completion of the transaction, the insider owned 3,657,450 shares of the company’s stock, valued at $138,324,759. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard L. Gelfond sold 135,046 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $37.82, for a total value of $5,107,439.72. Following the completion of the transaction, the chief executive officer directly owned 765,002 shares of the company’s stock, valued at $28,932,375.64. This represents a 15.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,045,341 shares of company stock valued at $39,728,689 in the last ninety days. 23.18% of the stock is currently owned by insiders.

IMAX 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.