NY Has $1.37 Million Position in Imax Corporation (NYSE:IMAX)

Postado Agosto 14, 2017

KS raised its position in Imax Corporation by 0.6% in the first quarter. The institutional investor owned 20,980 shares of the company's stock after selling 297 shares during the period.

IMAX has been the subject of several research analyst reports. The value of the company's investment in Imax Corporation increased from $3,000 to $11,000 a change of $8,000 quarter to quarter. Comerica Bank bought a new stake in shares of Imax Corporation during the fourth quarter worth approximately $205,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Imax Corporation by 78.9% in the first quarter. The stock traded as low as $19.25 and last traded at $19.23, with a volume of 283,360 shares traded. Peregrine Capital Management LLC boosted its stake in Imax Corporation by 7.4% in the first quarter. American International Group Inc. now owns 35,583 shares of the company's stock worth $1,210,000 after buying an additional 1,701 shares during the last quarter.

Imax Corporation (NYSE:IMAX) traded down 3.06% during mid-day trading on Wednesday, hitting $19.00. It is now trading at $19.00 which is significantly below $21.42, the 50 day moving average and significantly lower than the 200 day moving average of $28.21.

Imax Corporation now has a P/E ratio of 128.38 and market cap is 1.23B.

The value of the total investment in Imax Corporation increased from $459,000 to $2,210,000 a change of 381.5% since the last quarter. The company reported $0.15 EPS for the quarter, beating the Zacks' consensus estimate of ($0.02) by $0.17. Imax Corporation had a return on equity of 2.39% and a net margin of 2.81%. The business had revenue of $87.76 million during the quarter, compared to the consensus estimate of $89.26 million. During the same quarter in the prior year, the company earned $0.18 EPS. The business's revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts forecast that Imax Corporation will post $0.62 EPS for the current fiscal year. This buyback authorization allows the company to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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Several analysts have commented on the company. Barrington downgraded the shares of IMAX in report on Wednesday, July 12 to "Hold" rating.

A number of research firms have recently commented on IMAX. Canaccord Genuity set a $33.00 price target on shares of Imax Corporation and gave the stock a "buy" rating in a research report on Thursday, June 8th. Wedbush decreased their price objective on Imax Corporation from $41.50 to $39.00 and set an "outperform" rating for the company in a report on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Imax Corporation has an average rating of Hold and an average price target of $34.82. Patrick Mcclymont, CFO & EVP, Finance let go of $36,080 worth of shares at an average price of $20.50 on Wednesday the 9th.

Legal & General Group Plc reduced its position in shares of Imax Corporation (NYSE:IMAX) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Demirian sold 2,670 shares of the firm's stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $25.10, for a total transaction of $67,017.00. Following the sale, the director now owns 17,945 shares of the company's stock, valued at $450,419.50. CFO & EVP, Finance Patrick Mcclymont disclosed the sale of 1,760 shares.

The Company's divisions include Commercial Banking, Fee-Based Lines, and Corporate Support and Other. The IMAX systems segment designs, makes, sells or leases IMAX theater projection system equipment.

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