State of Alaska Department of Revenue Increases Stock Position in IMAX Corporation $IMAX

State of Alaska Department of Revenue boosted its holdings in IMAX Corporation (NYSE:IMAX) by 913.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,751 shares of the company’s stock after acquiring an additional 16,000 shares during the quarter. State of Alaska Department of Revenue’s holdings in IMAX were worth $655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CIBC Private Wealth Group LLC purchased a new position in shares of IMAX in the third quarter worth $27,000. Jones Financial Companies Lllp boosted its position in shares of IMAX by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock valued at $34,000 after buying an additional 317 shares during the last quarter. First Horizon Corp purchased a new stake in shares of IMAX during the third quarter valued at $34,000. Clearstead Advisors LLC bought a new stake in IMAX in the 3rd quarter worth about $35,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in 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 worth $38,000 after buying an additional 1,109 shares in the last quarter. Institutional investors own 93.51% of the company’s stock.

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

Wall Street Analysts Forecast Growth

IMAX has been the topic of several research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $47.00 target price on shares of IMAX in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of IMAX from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Barrington Research reissued an “outperform” rating and set a $42.00 price objective on shares of IMAX in a report on Monday, January 26th. Benchmark increased their price objective on shares of IMAX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Wedbush restated an “outperform” rating and issued a $46.00 target price on shares of IMAX in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.70.

IMAX Stock Up 1.2%

Shares of NYSE:IMAX opened at $36.65 on Friday. The firm’s 50 day moving average price is $38.21 and its 200-day moving average price is $36.25. IMAX Corporation has a twelve month low of $22.54 and a twelve month high of $43.16. The stock has a market capitalization of $1.98 billion, a PE ratio of 59.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.41.

IMAX (NYSE:IMAX) last announced its earnings results 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 net margin of 8.50% and a return on equity of 13.53%. The company had revenue of $125.21 million during the quarter, compared to analyst estimates of $120.30 million. During the same period in the previous year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. Analysts expect that IMAX Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling at IMAX

In related news, CEO Richard L. Gelfond sold 135,046 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $37.82, for a total value of $5,107,439.72. Following the transaction, the chief executive officer directly owned 765,002 shares of the company’s stock, valued at approximately $28,932,375.64. This trade represents a 15.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kevin Douglas sold 330,200 shares of IMAX stock in a transaction on Monday, March 16th. The shares were sold at an average price of $37.82, for a total value of $12,488,164.00. Following the transaction, the insider owned 3,657,450 shares in the company, valued at $138,324,759. This trade represents a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,045,341 shares of company stock worth $39,728,689 in the last quarter. Corporate insiders own 23.18% of the company’s stock.

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.