Imax Corp (NYSE:IMAX) CEO Greg Foster sold 9,415 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $23.46, for a total transaction of $220,875.90. Following the completion of the transaction, the chief executive officer now directly owns 86,960 shares of the company’s stock, valued at $2,040,081.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of IMAX opened at $24.00 on Friday. The firm has a market capitalization of $1.50 billion, a P/E ratio of 133.33, a P/E/G ratio of 1.78 and a beta of 0.91. Imax Corp has a 52-week low of $18.70 and a 52-week high of $26.70.

Imax (NYSE:IMAX) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $98.35 million during the quarter, compared to the consensus estimate of $98.49 million. Imax had a return on equity of 6.37% and a net margin of 4.93%. Imax’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. analysts anticipate that Imax Corp will post 0.71 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC lifted its position in shares of Imax by 18.7% during the first quarter. Guggenheim Capital LLC now owns 13,435 shares of the company’s stock worth $257,000 after purchasing an additional 2,116 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Imax by 6.4% during the second quarter. Gamco Investors INC. ET AL now owns 58,500 shares of the company’s stock worth $1,296,000 after purchasing an additional 3,500 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Imax by 82.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,800 shares of the company’s stock worth $150,000 after purchasing an additional 3,520 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Imax by 26.6% during the first quarter. Quantbot Technologies LP now owns 17,996 shares of the company’s stock worth $345,000 after purchasing an additional 3,781 shares during the last quarter. Finally, Aurora Investment Counsel lifted its position in shares of Imax by 5.0% during the second quarter. Aurora Investment Counsel now owns 91,159 shares of the company’s stock worth $2,019,000 after purchasing an additional 4,319 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.

A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Imax from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Wedbush set a $32.00 target price on shares of Imax and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research lowered shares of Imax from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.15.

Imax Company Profile

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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