Shares of Imax Corp (NYSE:IMAX) have been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $29.75.
Several research analysts have commented on IMAX shares. BidaskClub raised Imax from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Credit Suisse Group lowered their price objective on Imax from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, September 28th. Wedbush reiterated a “buy” rating and issued a $29.00 target price on shares of Imax in a report on Tuesday, October 10th. Zacks Investment Research cut Imax from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, B. Riley set a $35.00 price target on Imax and gave the stock a “buy” rating in a report on Thursday, October 19th.
Shares of Imax (NYSE:IMAX) traded up $0.55 on Friday, reaching $21.00. 924,000 shares of the company were exchanged, compared to its average volume of 1,074,742. The firm has a market capitalization of $1,360.00, a P/E ratio of 210.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. Imax has a fifty-two week low of $17.58 and a fifty-two week high of $34.60.
Imax (NYSE:IMAX) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. The firm had revenue of $98.80 million during the quarter, compared to analysts’ expectations of $86.17 million. Imax had a net margin of 1.78% and a return on equity of 2.62%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. analysts anticipate that Imax will post 0.23 EPS for the current year.
In other Imax news, insider Robert D. Lister sold 3,528 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $23.97, for a total value of $84,566.16. Following the sale, the insider now directly owns 35,594 shares of the company’s stock, valued at $853,188.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Welton sold 8,985 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $25.81, for a total value of $231,902.85. Following the transaction, the insider now directly owns 16,331 shares in the company, valued at $421,503.11. The disclosure for this sale can be found here. Insiders sold a total of 17,050 shares of company stock worth $425,276 over the last ninety days. Insiders own 18.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of IMAX. Fox Run Management L.L.C. purchased a new stake in Imax in the fourth quarter worth about $521,000. Acadian Asset Management LLC bought a new stake in shares of Imax in the 4th quarter valued at approximately $775,000. Crow Point Partners LLC bought a new stake in shares of Imax in the 4th quarter valued at approximately $103,000. Aurora Investment Counsel purchased a new stake in shares of Imax in the fourth quarter worth approximately $1,926,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Imax by 98.4% in the third quarter. Cubist Systematic Strategies LLC now owns 56,251 shares of the company’s stock worth $1,274,000 after buying an additional 27,893 shares during the period. Institutional investors own 84.04% of the company’s stock.
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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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