New York State Common Retirement Fund lessened its stake in shares of Imax Corporation (NYSE:IMAX) by 48.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 165,772 shares of the company’s stock after selling 154,959 shares during the period. New York State Common Retirement Fund owned 0.26% of Imax Corporation worth $3,647,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in IMAX. Parametric Portfolio Associates LLC grew its holdings in Imax Corporation by 4.4% during the first quarter. Parametric Portfolio Associates LLC now owns 105,030 shares of the company’s stock valued at $3,571,000 after purchasing an additional 4,385 shares during the period. American International Group Inc. grew its holdings in Imax Corporation by 5.0% during the first quarter. American International Group Inc. now owns 35,583 shares of the company’s stock valued at $1,210,000 after purchasing an additional 1,701 shares during the period. California Public Employees Retirement System grew its holdings in Imax Corporation by 1,680.5% during the first quarter. California Public Employees Retirement System now owns 146,000 shares of the company’s stock valued at $4,964,000 after purchasing an additional 137,800 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in shares of Imax Corporation in the first quarter valued at about $3,391,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Imax Corporation in the first quarter valued at about $3,391,000. 83.36% of the stock is owned by institutional investors and hedge funds.

In other Imax Corporation news, CEO Greg Foster sold 9,417 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $19.55, for a total value of $184,102.35. Following the transaction, the chief executive officer now directly owns 67,018 shares of the company’s stock, valued at approximately $1,310,201.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patrick Mcclymont sold 1,760 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $20.50, for a total transaction of $36,080.00. The disclosure for this sale can be found here. Insiders own 18.90% of the company’s stock.

Shares of Imax Corporation (NYSE IMAX) opened at 21.05 on Thursday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 142.23 and a beta of 1.00. Imax Corporation has a 52-week low of $17.58 and a 52-week high of $35.30. The company has a 50 day moving average price of $21.42 and a 200-day moving average price of $24.09.

Imax Corporation (NYSE:IMAX) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $87.76 million for the quarter, compared to analysts’ expectations of $89.26 million. During the same period in the previous year, the firm posted $0.18 EPS. Imax Corporation’s revenue was down 4.3% compared to the same quarter last year. On average, analysts predict that Imax Corporation will post $0.58 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. Credit Suisse Group lowered their price objective on Imax Corporation from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, September 28th. Wedbush restated an “outperform” rating and issued a $35.00 price objective on shares of Imax Corporation in a research report on Thursday, July 20th. B. Riley restated a “buy” rating and issued a $35.00 price objective on shares of Imax Corporation in a research report on Thursday. BidaskClub upgraded Imax Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, MKM Partners lowered their price objective on Imax Corporation from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Imax Corporation currently has a consensus rating of “Hold” and a consensus target price of $32.00.

COPYRIGHT VIOLATION NOTICE: “New York State Common Retirement Fund Sells 154,959 Shares of Imax Corporation (IMAX)” was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/new-york-state-common-retirement-fund-sells-154959-shares-of-imax-corporation-imax/1640381.html.

Imax Corporation Profile

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.

Institutional Ownership by Quarter for Imax Corporation (NYSE:IMAX)

Receive News & Ratings for Imax Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imax Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.