IMAX (NYSE:IMAX) CEO Sells $1,546,355.85 in Stock

IMAX Corporation (NYSE:IMAX) CEO Richard Gelfond sold 41,737 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $37.05, for a total value of $1,546,355.85. Following the transaction, the chief executive officer owned 765,002 shares of the company’s stock, valued at $28,343,324.10. This trade represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IMAX Price Performance

Shares of IMAX stock opened at $36.21 on Thursday. The business has a 50-day moving average of $38.19 and a 200 day moving average of $36.25. IMAX Corporation has a 12 month low of $22.54 and a 12 month high of $43.16. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 58.40, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41.

IMAX (NYSE:IMAX) last announced its earnings results on Wednesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. IMAX had a return on equity of 13.53% and a net margin of 8.50%.The company had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $120.30 million. During the same period last year, the business posted $0.27 EPS. IMAX’s revenue for the quarter was up 35.1% on a year-over-year basis. Equities research analysts anticipate that IMAX Corporation will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On IMAX

A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in IMAX by 284.0% in the 1st quarter. SG Americas Securities LLC now owns 18,887 shares of the company’s stock valued at $718,000 after purchasing an additional 13,968 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of IMAX by 159.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,006 shares of the company’s stock valued at $111,000 after acquiring an additional 1,849 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in shares of IMAX by 184.9% in the 4th quarter. Sit Investment Associates Inc. now owns 50,350 shares of the company’s stock valued at $1,861,000 after acquiring an additional 32,675 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of IMAX in the 4th quarter valued at about $493,000. Finally, Wellington Management Group LLP increased its holdings in shares of IMAX by 41.7% in the 4th quarter. Wellington Management Group LLP now owns 839,303 shares of the company’s stock valued at $31,021,000 after acquiring an additional 247,009 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on IMAX shares. Weiss Ratings restated a “buy (b)” rating on shares of IMAX in a report on Monday, December 29th. Seaport Research Partners increased their price target on IMAX from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Wall Street Zen lowered IMAX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. JPMorgan Chase & Co. increased their price target on IMAX from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, Macquarie Infrastructure increased their price target on IMAX from $39.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.70.

IMAX News Summary

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: A24’s high‑profile adaptation of the videogame Elden Ring is confirmed for IMAX release in 2028 — a franchise title that can drive premium ticketing, theater bookings and recurring studio partnerships. Read More.
• Positive Sentiment: Star Wars/Disney content is using IMAX presentation for promotional events (new Mandalorian/Grogu IMAX previews), reinforcing IMAX’s role in premium exhibition and marketing for tentpole franchises. Read More.
• Positive Sentiment: Sell‑side support: Rosenblatt issued a Buy on IMAX, signaling analyst confidence and providing a near‑term positive narrative for investors. Read More.
• Neutral Sentiment: Industry attention: IMAX is frequently highlighted in sector roundups (Zacks, others), keeping it on analysts’ radar but not implying immediate upside alone. Read More.
• Negative Sentiment: Competitive risk: Disney’s launch of its own large‑screen format (Infinity Vision) and reports of studios allocating premium runs strategically (eg. Dune 3 vs Avengers) create a potential longer‑term threat to IMAX’s premium screen share. Read More.
• Negative Sentiment: Insider selling: CEO Richard Gelfond sold shares under a pre‑arranged 10b5‑1 plan (disclosed sales totaling tens of thousands of shares across filings). While routine, the sales can press sentiment short term. Read More.

IMAX Company Profile

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.