Featured Stock: IMAX Corporation (IMAX)

Brunilde Fioravanti
Settembre 22, 2017

Two Sigma Securities LLC purchased a new position in shares of Imax Corporation during the first quarter valued at $331,000. The value of the investment in Imax Corporation went from $1,919,000 to $1,242,000 a change of 35.3% quarter over quarter. Kalmar Investments Inc /de/ now holds 144,930 shares worth $4,928,000. The value in dollars went from $24,963,000 to $4,928,000 decreasing 80.3% quarter to quarter. Ibis Capital Partners Llp owns 619,179 shares valued at $13,622,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Imax Corporation by 130.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,774 shares of the company's stock valued at $156,000 after buying an additional 2,546 shares in the last quarter.

IMAX Corporation (IMAX) has an annual dividend of $0, while its annual dividend yield is 0%.

The P/E ratio is now 154.73 and the market cap of the company is 1.48B. Imax Corporation has a 52-week low of $17.58 and a 52-week high of $35.30.

Imax Corporation (NYSE:IMAX) last announced its quarterly earnings data on Wednesday, July 26th. In the last earnings report the EPS was $0.15 and is projected to be $0.62 for the current year with 64,722,000 shares outstanding. The firm had revenue of $87.76 million during the quarter, compared to analysts' expectations of $89.26 million. Imax Corporation had a return on equity of 2.39% and a net margin of 2.81%. The company's previous year sales total was 86550. During the same quarter past year, the company posted $0.18 earnings per share. Equities analysts forecast that Imax Corporation will post $0.62 EPS for the current year. Dividends are mostly given in terms of cash payments, property or as shares of stock. This repurchase authorization permits the company to reacquire up to 12.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

In other Imax Corporation news, CEO Greg Foster sold 9,417 shares of the stock in a transaction dated Tuesday, September 5th. Volume was down 76.94% under the stocks average daily volume. Following the completion of the sale, the chief executive officer now owns 67,018 shares in the company, valued at approximately $1,310,201.90. Patrick Mcclymont, CFO & EVP, Finance let go of $36,080 worth of shares at an average price of $20.50 on Wednesday the 9th. The disclosure for this sale can be found here. Institutional investors own 83.41% of the company's stock.

IMAX has been the topic of a number of other research reports. Roth Capital set a $33.00 price target on shares of Imax Corporation and gave the stock a "buy" rating in a research report on Tuesday, June 13th. The legal version of this report can be accessed at https://baseballnewssource.com/markets/imax-corporation-imax-earns-buy-rating-from-piper-jaffray-companies/1652763.html.

Additionally, here are a few investment firms who have increased or decreased their stake in (IMAX). MKM Partners cut their price objective on Imax Corporation from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, July 7th. (NYSE:IMAX) shares saw heavy trading volume with 1,290K shares changing hands on Wednesday. The Company offers motion picture technologies and presentations. The company now has an average volume of 1.37 Million. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright legislation.

IMAX Corporation, launched on January 1, 2002, is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.

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