Imax Corporation (NYSE:IMAX) insider G Mary Ruby sold 502 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.08, for a total value of $12,088.16. Following the transaction, the insider now owns 10,422 shares of the company’s stock, valued at approximately $250,961.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Imax Corporation (NYSE:IMAX) traded down $0.30 on Tuesday, reaching $24.25. The company’s stock had a trading volume of 444,874 shares, compared to its average volume of 1,107,524. The company has a market capitalization of $1,589.73, a P/E ratio of 102.29, a price-to-earnings-growth ratio of 3.64 and a beta of 1.13. Imax Corporation has a twelve month low of $17.58 and a twelve month high of $34.60.

Imax (NYSE:IMAX) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. The business had revenue of $98.80 million during the quarter, compared to the consensus estimate of $86.17 million. Imax had a return on equity of 2.62% and a net margin of 1.78%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. sell-side analysts anticipate that Imax Corporation will post 0.3 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of IMAX. TimesSquare Capital Management LLC purchased a new stake in shares of Imax in the second quarter worth $84,137,000. Franklin Resources Inc. grew its stake in shares of Imax by 33.4% in the second quarter. Franklin Resources Inc. now owns 5,063,469 shares of the company’s stock worth $111,412,000 after acquiring an additional 1,266,939 shares during the last quarter. Becker Capital Management Inc. grew its stake in shares of Imax by 229.6% in the third quarter. Becker Capital Management Inc. now owns 979,755 shares of the company’s stock worth $22,191,000 after acquiring an additional 682,485 shares during the last quarter. Light Street Capital Management LLC grew its stake in shares of Imax by 69.7% in the second quarter. Light Street Capital Management LLC now owns 1,400,000 shares of the company’s stock worth $30,800,000 after acquiring an additional 575,000 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Imax in the second quarter worth $12,359,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

A number of equities analysts recently commented on IMAX shares. Wedbush restated a “buy” rating and set a $29.00 target price on shares of Imax in a report on Tuesday, October 10th. BidaskClub downgraded Imax from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded Imax from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. J P Morgan Chase & Co upgraded Imax from a “neutral” rating to an “overweight” rating in a report on Friday, October 27th. Finally, Barrington Research upgraded Imax from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, October 30th. Two equities 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 given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $31.00.

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Imax Company 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.

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

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