28,090 Shares in IMAX Co. (IMAX) Purchased by MetLife Investment Advisors LLC
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.
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.
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.
WARNING: “28,090 Shares in IMAX Co. (IMAX) Purchased by MetLife Investment Advisors LLC” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/04/17/28090-shares-in-imax-co-imax-purchased-by-metlife-investment-advisors-llc.html.
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.
Want to see what other hedge funds are holding IMAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IMAX Co. (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.