Natasha Fernandes Sells 20,000 Shares of IMAX (NYSE:IMAX) Stock

IMAX Corporation (NYSE:IMAX) CFO Natasha Fernandes sold 20,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $54.63, for a total value of $1,092,600.00. Following the sale, the chief financial officer owned 35,596 shares of the company’s stock, valued at approximately $1,944,609.48. The trade was a 35.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

IMAX Trading Down 1.6%

IMAX stock opened at $51.92 on Friday. The firm has a market cap of $2.85 billion, a PE ratio of 72.11, a price-to-earnings-growth ratio of 1.69 and a beta of 0.38. The stock has a 50-day moving average price of $45.43 and a 200-day moving average price of $40.67. IMAX Corporation has a 1-year low of $28.14 and a 1-year high of $55.57.

IMAX (NYSE:IMAX) last announced its earnings results on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.30 by $0.13. The company had revenue of $102.84 million for the quarter, compared to analyst estimates of $96.09 million. IMAX had a return on equity of 15.47% and a net margin of 9.84%.The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. On average, analysts forecast that IMAX Corporation will post 1.49 earnings per share for the current year.

Key IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX continues to secure high-profile film partnerships. Netflix’s upcoming Cliff Booth movie is set for an IMAX release, while Godzilla Minus Zero is expected to become the first Japanese IMAX film, supporting the company’s pipeline and potential box-office revenue. Netflix Cliff Booth IMAX article Godzilla Minus Zero IMAX article
• Positive Sentiment: Individual theaters are continuing to invest in the format. A downtown theater upgraded to laser projection for its 30th anniversary, and Mann Theatres plans to add an IMAX auditorium in Plymouth. These projects can expand IMAX’s installation base and future licensing and maintenance opportunities. Downtown IMAX laser upgrade article Mann Theatres Plymouth IMAX article
• Positive Sentiment: Reports of record ticket sales for The Odyssey, along with a limited two-day IMAX run for the Queen concert film, point to continued consumer interest in premium screenings. The Odyssey IMAX projector article Queen Budapest IMAX article
• Neutral Sentiment: An article explaining the difference between genuine IMAX and lower-specification “LieMAX” screens may help educate consumers, but it also highlights potential confusion over the consistency of the IMAX experience across venues. IMAX versus LieMAX article
• Negative Sentiment: CFO Natasha Fernandes sold 20,000 shares for approximately $1.09 million, reducing her holdings by nearly 36%. Insider Kenneth Ian Weissman separately sold 8,000 shares worth about $436,000, cutting his position by roughly 22%. The sales may pressure sentiment, particularly after IMAX’s strong rally.
• Negative Sentiment: Valuation remains a risk: IMAX trades at roughly 72–73 times earnings despite the stock being near its 52-week high. That leaves shares vulnerable to profit-taking if upcoming releases or theater expansion fail to meet elevated expectations. The company’s latest reported quarter was strong, with revenue up 12.2% year over year and EPS exceeding estimates, but analysts forecast only about $1.49 in full-year EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMAX. AQR Capital Management LLC lifted its position in shares of IMAX by 47.9% during the 1st quarter. AQR Capital Management LLC now owns 56,348 shares of the company’s stock worth $1,485,000 after buying an additional 18,238 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of IMAX by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,486 shares of the company’s stock valued at $672,000 after acquiring an additional 1,091 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in IMAX by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,714 shares of the company’s stock worth $4,208,000 after acquiring an additional 11,736 shares during the period. Creative Planning lifted its holdings in IMAX by 84.1% during the second quarter. Creative Planning now owns 16,081 shares of the company’s stock worth $450,000 after acquiring an additional 7,344 shares during the period. Finally, Norges Bank purchased a new position in IMAX in the second quarter worth $709,000. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of IMAX in a research note on Monday, June 22nd. HC Wainwright reaffirmed a “buy” rating on shares of IMAX in a research report on Friday, July 24th. Roth Capital lifted their price target on shares of IMAX from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Wedbush boosted their price target on shares of IMAX from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of IMAX in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.36.

About IMAX

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.