MetLife Investment Advisors LLC bought a new position in shares of IMAX Co. (NYSE:IMAX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,090 shares of the company’s stock, valued at approximately $650,000.

Other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in IMAX by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 104,218 shares of the company’s stock worth $2,413,000 after buying an additional 2,587 shares in the last quarter. American International Group Inc. raised its stake in IMAX by 8.1% in the third quarter. American International Group Inc. now owns 38,684 shares of the company’s stock worth $876,000 after buying an additional 2,892 shares in the last quarter. Crow Point Partners LLC bought a new position in IMAX in the fourth quarter worth about $103,000. Legal & General Group Plc raised its stake in IMAX by 25.8% in the third quarter. Legal & General Group Plc now owns 26,561 shares of the company’s stock worth $601,000 after buying an additional 5,452 shares in the last quarter. Finally, Invictus RG bought a new position in IMAX in the fourth quarter worth about $213,000. Institutional investors own 86.01% of the company’s stock.

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In other IMAX news, insider Robert D. Lister sold 11,874 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $20.40, for a total transaction of $242,229.60. Following the completion of the transaction, the insider now owns 41,456 shares of the company’s stock, valued at $845,702.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Greg Foster sold 4,889 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $20.40, for a total transaction of $99,735.60. Following the transaction, the chief executive officer now directly owns 77,604 shares of the company’s stock, valued at approximately $1,583,121.60. The disclosure for this sale can be found here. Insiders have sold 24,131 shares of company stock valued at $501,243 in the last ninety days. Insiders own 18.90% of the company’s stock.

A number of research firms recently issued reports on IMAX. Piper Jaffray downgraded shares of IMAX from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $28.00 to $21.00 in a research note on Wednesday, January 10th. Wedbush set a $32.00 price target on shares of IMAX and gave the stock a “buy” rating in a research note on Monday, April 9th. ValuEngine downgraded shares of IMAX from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. JPMorgan Chase began coverage on shares of IMAX in a research note on Tuesday, February 20th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, Zacks Investment Research raised shares of IMAX from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $28.63.

Shares of NYSE IMAX opened at $22.30 on Tuesday. IMAX Co. has a fifty-two week low of $17.58 and a fifty-two week high of $33.50. The company has a market cap of $1,421.36, a price-to-earnings ratio of 123.89, a price-to-earnings-growth ratio of 1.73 and a beta of 0.85.

IMAX (NYSE:IMAX) last announced its earnings results on Tuesday, February 27th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $125.55 million for the quarter, compared to the consensus estimate of $118.80 million. equities research analysts expect that IMAX Co. will post 0.56 EPS for the current fiscal year.

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About IMAX

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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Institutional Ownership by Quarter for IMAX (NYSE:IMAX)

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