IMAX Co. (NYSE:IMAX) EVP Calamera Pablo Sells 6,130 Shares of Stock

IMAX Co. (NYSE:IMAX) EVP Calamera Pablo sold 6,130 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $17.05, for a total transaction of $104,516.50. Following the completion of the sale, the executive vice president now directly owns 42,269 shares in the company, valued at $720,686.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

IMAX Stock Performance

NYSE:IMAX opened at $17.09 on Tuesday. The company has a fifty day moving average of $16.45 and a two-hundred day moving average of $16.04. The stock has a market capitalization of $904.67 million, a PE ratio of 35.59, a P/E/G ratio of 1.50 and a beta of 1.25. IMAX Co. has a fifty-two week low of $13.20 and a fifty-two week high of $21.45.

IMAX (NYSE:IMAX) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $79.12 million during the quarter, compared to analysts’ expectations of $77.88 million. IMAX had a net margin of 7.13% and a return on equity of 9.47%. Research analysts forecast that IMAX Co. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on IMAX. Rosenblatt Securities dropped their price objective on shares of IMAX from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. The Goldman Sachs Group decreased their target price on shares of IMAX from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Thursday, January 11th. StockNews.com cut shares of IMAX from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. JPMorgan Chase & Co. decreased their target price on shares of IMAX from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Finally, Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of IMAX in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, IMAX currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.57.

Institutional Investors Weigh In On IMAX

A number of hedge funds have recently modified their holdings of IMAX. PNC Financial Services Group Inc. acquired a new stake in shares of IMAX in the fourth quarter valued at about $33,000. Tower Research Capital LLC TRC raised its position in shares of IMAX by 545.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the company’s stock valued at $75,000 after buying an additional 4,218 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of IMAX in the fourth quarter valued at about $111,000. SG Americas Securities LLC acquired a new stake in shares of IMAX in the third quarter valued at about $139,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of IMAX in the third quarter valued at about $160,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

IMAX Company Profile

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.