Imax Corporation (NYSE:IMAX) CEO Greg Foster sold 3,566 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 transaction of $85,477.02. Following the completion of the sale, the chief executive officer now owns 74,696 shares of the company’s stock, valued at $1,790,463.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Imax Corporation (IMAX) traded up $0.35 during trading on Friday, reaching $24.70. 544,500 shares of the company’s stock traded hands, compared to its average volume of 1,095,051. The company has a market cap of $1,576.78, a price-to-earnings ratio of 101.46, a PEG ratio of 3.61 and a beta of 1.13. Imax Corporation has a 12-month low of $17.58 and a 12-month high of $34.60.

Imax (NYSE:IMAX) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The firm had revenue of $98.80 million for the quarter, compared to analyst estimates of $86.17 million. Imax had a net margin of 1.78% and a return on equity of 2.62%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. analysts expect that Imax Corporation will post 0.3 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. Barrington Research upgraded shares of Imax from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, October 30th. B. Riley reiterated a “buy” rating and set a $35.00 target price on shares of Imax in a research note on Monday. Zacks Investment Research upgraded shares of Imax from a “sell” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research note on Wednesday, November 1st. J P Morgan Chase & Co upgraded shares of Imax from a “neutral” rating to an “overweight” rating in a research note on Friday, October 27th. Finally, Wedbush reiterated a “buy” rating and set a $31.00 target price on shares of Imax in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.00.

Institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its holdings in Imax by 1,151.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,818 shares of the company’s stock valued at $150,000 after buying an additional 6,273 shares during the period. Seven Eight Capital LP increased its holdings in Imax by 1,115.7% in the 2nd quarter. Seven Eight Capital LP now owns 7,294 shares of the company’s stock valued at $160,000 after buying an additional 6,694 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Imax by 13.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,522 shares of the company’s stock valued at $181,000 after buying an additional 748 shares during the period. Aperio Group LLC bought a new stake in Imax in the 2nd quarter valued at $205,000. Finally, Formula Growth Ltd. bought a new stake in Imax in the 3rd quarter valued at $222,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Imax Corporation (IMAX) CEO Sells $85,477.02 in Stock” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/12/15/imax-corporation-imax-ceo-sells-85477-02-in-stock.html.

Imax Company Profile

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.

Insider Buying and Selling by Quarter for Imax (NYSE:IMAX)

Receive News & Ratings for Imax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imax and related companies with MarketBeat.com's FREE daily email newsletter.