Imax Corp (NYSE:IMAX) CEO Greg Foster sold 9,415 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $23.46, for a total transaction of $220,875.90. Following the sale, the chief executive officer now directly owns 86,960 shares of the company’s stock, valued at $2,040,081.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
NYSE:IMAX opened at $24.05 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 133.61, a PEG ratio of 1.77 and a beta of 0.91. Imax Corp has a 1-year low of $18.70 and a 1-year high of $26.70.
Imax (NYSE:IMAX) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $98.35 million during the quarter, compared to analysts’ expectations of $98.49 million. Imax had a net margin of 4.93% and a return on equity of 6.37%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. equities research analysts predict that Imax Corp will post 0.71 earnings per share for the current year.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Imax from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. Zacks Investment Research raised shares of Imax from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, June 11th. Finally, Wedbush reaffirmed a “buy” rating and set a $32.00 price target on shares of Imax in a research report on Tuesday, July 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.15.
A number of large investors have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its position in Imax by 18.7% in the 1st quarter. Guggenheim Capital LLC now owns 13,435 shares of the company’s stock valued at $257,000 after buying an additional 2,116 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Imax by 6.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 58,500 shares of the company’s stock valued at $1,296,000 after buying an additional 3,500 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Imax by 82.2% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,800 shares of the company’s stock valued at $150,000 after buying an additional 3,520 shares during the last quarter. Quantbot Technologies LP boosted its position in Imax by 26.6% in the 1st quarter. Quantbot Technologies LP now owns 17,996 shares of the company’s stock valued at $345,000 after buying an additional 3,781 shares during the last quarter. Finally, Aurora Investment Counsel raised its stake in shares of Imax by 5.0% in the 2nd quarter. Aurora Investment Counsel now owns 91,159 shares of the company’s stock valued at $2,019,000 after purchasing an additional 4,319 shares in the last quarter. 83.46% of the stock is owned by institutional investors.
Imax Company Profile
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It offers cinematic solution comprising proprietary software, theater architecture, and equipment. The company engages in Digital Re-Mastering (DMR) of films into the IMAX format for exhibition in the IMAX theater network; the provision of IMAX premium theater systems to exhibitor customers through sales, long-term leases, or joint revenue sharing arrangements; the distribution of documentary films; the provision of production technical support and film post-production services; the ownership and operation of IMAX theaters; and the provision of camera and other miscellaneous items rental services.
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