Imax Corp (NYSE:IMAX) insider Robert D. Lister sold 11,874 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $20.40, for a total transaction of $242,229.60. Following the completion of the sale, the insider now directly owns 41,456 shares of the company’s stock, valued at $845,702.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:IMAX traded up $0.55 during midday trading on Monday, hitting $19.75. 913,871 shares of the stock traded hands, compared to its average volume of 1,015,419. The company has a market cap of $1,246.12, a price-to-earnings ratio of 109.72, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85. Imax Corp has a one year low of $17.58 and a one year high of $34.35.
Imax (NYSE:IMAX) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). Imax had a net margin of 0.62% and a return on equity of 3.52%. The firm had revenue of $125.55 million for the quarter, compared to the consensus estimate of $118.80 million. equities research analysts expect that Imax Corp will post 0.59 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Crow Point Partners LLC bought a new position in Imax in the fourth quarter worth about $103,000. Invictus RG bought a new position in Imax in the fourth quarter worth about $213,000. Formula Growth Ltd. bought a new position in Imax in the third quarter worth about $222,000. First Mercantile Trust Co. bought a new position in Imax in the fourth quarter worth about $231,000. Finally, Foundry Partners LLC bought a new position in Imax in the fourth quarter worth about $244,000. 86.01% of the stock is owned by institutional investors.
Several analysts have weighed in on the stock. Barrington Research reissued a “buy” rating and issued a $30.00 price target on shares of Imax in a research note on Tuesday, March 20th. Zacks Investment Research raised shares of Imax from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Roth Capital reissued a “neutral” rating and issued a $22.50 price target (down from $25.00) on shares of Imax in a research note on Wednesday, February 28th. B. Riley boosted their price target on shares of Imax from $35.00 to $37.75 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase initiated coverage on shares of Imax in a research note on Tuesday, February 20th. They set an “overweight” rating and a $28.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Imax currently has an average rating of “Hold” and an average target price of $28.43.
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IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.
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