Imax Corp. (IMAX) Stake Held by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can continued to hold its stake in shares of Imax Corp. (NYSE:IMAX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,800 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Imax Corp. were worth $180,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Imax Corp. by 130.7% in the first quarter. BlackRock Inc. now owns 3,977 shares of the company’s stock worth $123,000 after buying an additional 2,253 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Imax Corp. by 273.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,621 shares of the company’s stock worth $206,000 after buying an additional 4,849 shares during the last quarter. Seven Eight Capital LLC increased its stake in shares of Imax Corp. by 8.3% in the first quarter. Seven Eight Capital LLC now owns 7,800 shares of the company’s stock worth $243,000 after buying an additional 600 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Imax Corp. during the second quarter worth about $244,000. Finally, Pacad Investment Ltd. purchased a new stake in shares of Imax Corp. during the first quarter worth about $255,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Imax Corp. (NYSE:IMAX) traded down 1.52% on Friday, hitting $29.19. 1,031,783 shares of the stock traded hands. The firm has a market cap of $1.96 billion, a PE ratio of 42.12 and a beta of 1.62. The firm has a 50 day moving average price of $30.97 and a 200 day moving average price of $31.13. Imax Corp. has a 52-week low of $25.52 and a 52-week high of $40.36.
Imax Corp. (NYSE:IMAX) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Imax Corp. had a return on equity of 7.66% and a net margin of 12.47%. The company earned $91.70 million during the quarter, compared to the consensus estimate of $91.30 million. During the same period in the previous year, the company posted $0.40 EPS. The firm’s revenue was down 14.5% on a year-over-year basis. On average, equities analysts forecast that Imax Corp. will post $0.91 EPS for the current year.
A number of equities research analysts have recently issued reports on IMAX shares. Credit Suisse Group AG reissued a “buy” rating on shares of Imax Corp. in a report on Wednesday, June 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $45.00 price target on shares of Imax Corp. in a report on Thursday, June 23rd. Benchmark Co. reissued a “buy” rating on shares of Imax Corp. in a report on Wednesday, June 22nd. B. Riley reissued a “buy” rating and issued a $40.00 price target on shares of Imax Corp. in a report on Sunday, June 12th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $40.00 target price on shares of Imax Corp. in a research note on Tuesday, May 24th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.56.
In related news, CEO Richard L. Gelfond sold 7,741 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $30.83, for a total value of $238,655.03. Following the transaction, the chief executive officer now directly owns 102,470 shares of the company’s stock, valued at approximately $3,159,150.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.80% of the stock is owned by corporate insiders.
Imax Corp. Company Profile
IMAX Corporation is an entertainment technology company. The Company operates through seven segments: the IMAX systems, the theater system maintenance, the 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.
Want to see what other hedge funds are holding IMAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imax Corp. (NYSE:IMAX).
Receive News & Ratings for Imax Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imax Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.