Imax Corporation (NYSE:IMAX) insider Mark Welton sold 8,985 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $25.81, for a total value of $231,902.85. Following the completion of the sale, the insider now directly owns 16,331 shares of the company’s stock, valued at approximately $421,503.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Imax Corporation (NYSE:IMAX) traded down $0.85 on Friday, reaching $24.55. The company had a trading volume of 1,167,732 shares, compared to its average volume of 1,111,907. Imax Corporation has a 1 year low of $17.58 and a 1 year high of $34.60. The stock has a market capitalization of $1,590.00, a P/E ratio of 110.00, a P/E/G ratio of 3.91 and a beta of 1.12.

Imax (NYSE:IMAX) last released its earnings results on Thursday, October 26th. The company reported $0.08 EPS 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 the consensus estimate of $86.17 million. During the same quarter last year, the business posted $0.12 EPS. Imax’s quarterly revenue was up 14.2% compared to the same quarter last year. equities research analysts expect that Imax Corporation will post 0.3 EPS for the current year.

Several brokerages have recently weighed in on IMAX. Canaccord Genuity set a $33.00 target price on Imax and gave the stock a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research downgraded Imax from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Credit Suisse Group reduced their price target on Imax from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, September 28th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $27.00 price target on shares of Imax in a report on Thursday, August 3rd. Finally, BidaskClub downgraded Imax from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $31.00.

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its holdings in Imax by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 21,109 shares of the company’s stock worth $468,000 after buying an additional 129 shares during the last quarter. MML Investors Services LLC raised its position in shares of Imax by 0.5% during the 2nd quarter. MML Investors Services LLC now owns 31,735 shares of the company’s stock worth $698,000 after purchasing an additional 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Imax by 13.0% during the 2nd 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. Denver Investment Advisors LLC raised its position in shares of Imax by 8.3% during the 2nd quarter. Denver Investment Advisors LLC now owns 26,265 shares of the company’s stock worth $578,000 after purchasing an additional 2,015 shares during the period. Finally, Virtu KCG Holdings LLC raised its position in shares of Imax by 14.1% during the 2nd quarter. Virtu KCG Holdings LLC now owns 20,666 shares of the company’s stock worth $455,000 after purchasing an additional 2,556 shares during the period. 83.70% of the stock is currently owned by institutional investors.

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About Imax

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.

Insider Buying and Selling by Quarter for Imax (NYSE:IMAX)

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