Imax Corporation (IMAX) Insider Robert D. Lister Sells 3,528 Shares
Imax Corporation (NYSE:IMAX) insider Robert D. Lister sold 3,528 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $23.97, for a total value of $84,566.16. Following the completion of the transaction, the insider now directly owns 35,594 shares in the company, valued at $853,188.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Imax Corporation (IMAX) traded up $1.15 during trading hours on Tuesday, hitting $24.90. The stock had a trading volume of 758,100 shares, compared to its average volume of 1,100,939. Imax Corporation has a one year low of $17.58 and a one year high of $34.60. The firm has a market capitalization of $1,537.93, a price-to-earnings ratio of 98.96, a price-to-earnings-growth ratio of 3.52 and a beta of 1.13.
Imax (NYSE:IMAX) last issued its earnings results on Thursday, October 26th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. Imax had a return on equity of 2.62% and a net margin of 1.78%. The company had revenue of $98.80 million for the quarter, compared to analyst estimates of $86.17 million. During the same period in the prior year, the firm earned $0.12 earnings per share. Imax’s revenue for the quarter was up 14.2% on a year-over-year basis. sell-side analysts anticipate that Imax Corporation will post 0.3 EPS for the current fiscal year.
Several equities analysts have issued reports on the company. Barrington Research raised Imax from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, October 30th. B. Riley reissued a “buy” rating and issued a $35.00 price target on shares of Imax in a research note on Monday. Zacks Investment Research raised Imax from a “sell” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, November 1st. J P Morgan Chase & Co raised Imax from a “neutral” rating to an “overweight” rating in a research note on Friday, October 27th. Finally, Wedbush reissued a “buy” rating and issued a $31.00 price target on shares of Imax in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $31.00.
Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Imax by 1,151.0% during the second quarter. BNP Paribas Arbitrage SA now owns 6,818 shares of the company’s stock worth $150,000 after purchasing an additional 6,273 shares during the period. Seven Eight Capital LP raised its position in shares of Imax by 1,115.7% during the second quarter. Seven Eight Capital LP now owns 7,294 shares of the company’s stock worth $160,000 after purchasing an additional 6,694 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Imax by 13.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,522 shares of the company’s stock worth $181,000 after purchasing an additional 748 shares during the period. Aperio Group LLC acquired a new position in shares of Imax during the second quarter worth approximately $205,000. Finally, Formula Growth Ltd. purchased a new stake in Imax in the 3rd quarter valued at $222,000. 83.95% of the stock is currently owned by institutional investors.
IMAX Corporation 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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