SG Americas Securities LLC boosted its position in shares of IMAX Corporation (NYSE:IMAX – Free Report) by 284.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,887 shares of the company’s stock after acquiring an additional 13,968 shares during the period. SG Americas Securities LLC’s holdings in IMAX were worth $718,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in IMAX by 47.9% during the 1st quarter. AQR Capital Management LLC now owns 56,348 shares of the company’s stock worth $1,485,000 after buying an additional 18,238 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in IMAX by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,486 shares of the company’s stock worth $672,000 after purchasing an additional 1,091 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in IMAX by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,714 shares of the company’s stock worth $4,208,000 after purchasing an additional 11,736 shares during the last quarter. Creative Planning boosted its holdings in IMAX by 84.1% in the second quarter. Creative Planning now owns 16,081 shares of the company’s stock valued at $450,000 after purchasing an additional 7,344 shares in the last quarter. Finally, Norges Bank acquired a new position in IMAX in the second quarter valued at approximately $709,000. 93.51% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at IMAX
In other news, CEO Richard L. Gelfond sold 135,046 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $37.82, for a total transaction 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 approximately $28,932,375.64. This represents a 15.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 340,040 shares of company stock worth $12,715,513. Insiders own 20.55% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on IMAX
IMAX Stock Performance
Shares of IMAX opened at $38.29 on Tuesday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 59.07, a P/E/G ratio of 1.41 and a beta of 0.37. IMAX Corporation has a 1 year low of $24.20 and a 1 year high of $45.52. The company’s fifty day moving average is $38.95 and its two-hundred day moving average is $37.84.
IMAX (NYSE:IMAX – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. IMAX had a net margin of 9.08% and a return on equity of 13.61%. The company had revenue of $81.38 million during the quarter, compared to analysts’ expectations of $79.82 million. During the same quarter last year, the business earned $0.13 EPS. The business’s revenue was down 6.1% on a year-over-year basis. Sell-side analysts predict that IMAX Corporation will post 1.34 EPS for the current year.
About IMAX
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.
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