Militia Capital Partners LP Invests $1.29 Million in IMAX Corporation $IMAX

Militia Capital Partners LP purchased a new position in shares of IMAX Corporation (NYSE:IMAX) in the fourth quarter, Holdings Channel.com reports. The firm purchased 35,000 shares of the company’s stock, valued at approximately $1,294,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Aurora Investment Counsel raised its stake in shares of IMAX by 0.4% during the 3rd quarter. Aurora Investment Counsel now owns 70,235 shares of the company’s stock worth $2,300,000 after purchasing an additional 308 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of IMAX by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock valued at $34,000 after acquiring an additional 317 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of IMAX by 28.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,489 shares of the company’s stock valued at $55,000 after acquiring an additional 332 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of IMAX by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock valued at $69,000 after acquiring an additional 342 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of IMAX by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 8,000 shares of the company’s stock valued at $296,000 after acquiring an additional 511 shares during the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

IMAX Trading Up 3.6%

Shares of NYSE:IMAX opened at $43.85 on Wednesday. IMAX Corporation has a 1-year low of $24.20 and a 1-year high of $44.55. The firm has a market capitalization of $2.41 billion, a PE ratio of 67.46, a PEG ratio of 1.50 and a beta of 0.37. The business’s 50 day moving average is $37.57 and its 200-day moving average is $37.35.

IMAX (NYSE:IMAX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. IMAX had a return on equity of 13.61% and a net margin of 9.08%.The company had revenue of $81.38 million for the quarter, compared to analyst estimates of $79.82 million. During the same quarter last year, the firm earned $0.13 EPS. IMAX’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, sell-side analysts predict that IMAX Corporation will post 1.34 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on IMAX. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 price objective on shares of IMAX in a report on Friday, May 22nd. Weiss Ratings raised IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. The Goldman Sachs Group increased their price objective on IMAX from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Benchmark increased their price objective on IMAX from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $46.00 target price on shares of IMAX in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Insider Buying and Selling at IMAX

In other news, CEO Richard L. Gelfond sold 8,943 shares of IMAX stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $37.33, for a total transaction of $333,842.19. Following the sale, the chief executive officer owned 765,002 shares of the company’s stock, valued at approximately $28,557,524.66. This trade represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 365,064 shares of company stock worth $13,719,850. 20.55% of the stock is currently owned by company insiders.

Key Headlines Impacting IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX shares hit a 52-week high as strong summer box office performance and improving investor confidence continue to lift sentiment around the company’s business model. IMAX stock near record high as summer box office momentum builds
• Positive Sentiment: Christopher Nolan’s The Odyssey broke BFI IMAX ticket-sale records, highlighting demand for IMAX’s premium presentation for event films. The Odyssey Breaks BFI IMAX 24-Hour Ticket Sale Record
• Positive Sentiment: Additional coverage of The Odyssey breaking IMAX records reinforces the idea that blockbuster releases can drive stronger ticket demand and utilization for IMAX screens. Christopher Nolan’s ‘The Odyssey’ breaks BFI Imax records
• Positive Sentiment: Coverage highlighting “3 Big Reasons to Love IMAX” adds to bullish retail and media attention around the stock. 3 Big Reasons to Love IMAX (IMAX)
• Neutral Sentiment: Several articles about IMAX-enhanced viewing, theater expansions, and comparisons with competing formats reflect ongoing brand visibility, but do not directly change IMAX’s financial outlook. IMAX Enhanced doesn’t do what you think it does on your TV
• Neutral Sentiment: New IMAX and ScreenX installations in places like Petaluma and Northeast Ohio suggest continued theater adoption, but these updates are incremental rather than a major earnings catalyst. Petaluma’s only cinema adds IMAX and ScreenX theaters
• Neutral Sentiment: Reports that Spider-Man: Brand New Day will not be released in IMAX in India may matter locally, but the broader market impact appears limited. Spider-Man: Brand new day will not be released in IMAX in India
• Neutral Sentiment: Explainer content on Dolby Cinema versus IMAX is informational and unlikely to move the stock on its own. What’s the difference between Dolby Cinema and IMAX?

IMAX Company Profile

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.