Mission Wealth Management LP Sells 17,746 Shares of IMAX Corporation $IMAX

Mission Wealth Management LP trimmed its holdings in shares of IMAX Corporation (NYSE:IMAX) by 62.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,467 shares of the company’s stock after selling 17,746 shares during the quarter. Mission Wealth Management LP’s holdings in IMAX were worth $343,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of IMAX by 47.9% during the first quarter. AQR Capital Management LLC now owns 56,348 shares of the company’s stock worth $1,485,000 after purchasing an additional 18,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in IMAX by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,486 shares of the company’s stock worth $672,000 after buying an additional 1,091 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of IMAX by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,714 shares of the company’s stock valued at $4,208,000 after buying an additional 11,736 shares during the last quarter. Aurora Investment Counsel bought a new stake in shares of IMAX in the 2nd quarter valued at about $1,955,000. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of IMAX by 513.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 47,108 shares of the company’s stock valued at $1,317,000 after buying an additional 39,427 shares during the period. Institutional investors own 93.51% of the company’s stock.

IMAX Stock Up 2.7%

IMAX stock opened at $36.42 on Friday. The company has a market capitalization of $1.96 billion, a PE ratio of 51.30, a PEG ratio of 1.75 and a beta of 0.38. IMAX Corporation has a 12-month low of $20.48 and a 12-month high of $39.98. The firm’s fifty day moving average is $36.31 and its 200 day moving average is $32.74.

Insider Buying and Selling at IMAX

In other news, EVP Giovanni M. Dolci sold 6,188 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $34.25, for a total transaction of $211,939.00. Following the transaction, the executive vice president owned 33,000 shares of the company’s stock, valued at $1,130,250. This represents a 15.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.18% of the company’s stock.

Wall Street Analyst Weigh In

IMAX has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IMAX in a research note on Monday, December 29th. Wall Street Zen downgraded shares of IMAX from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Barrington Research reiterated an “outperform” rating and set a $42.00 price objective on shares of IMAX in a research report on Monday, January 26th. Benchmark restated a “buy” rating on shares of IMAX in a report on Monday, January 5th. Finally, Rosenblatt Securities upped their price target on shares of IMAX from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.70.

IMAX 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.