Imax Corporation (IMAX) Insider Sells $231,902.85 in Stock
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.
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.
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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