Richard Gelfond Sells 12,037 Shares of IMAX (NYSE:IMAX) Stock

IMAX Corporation (NYSE:IMAX) CEO Richard Gelfond sold 12,037 shares of IMAX stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $40.00, for a total value of $481,480.00. Following the completion of the transaction, the chief executive officer owned 765,002 shares of the company’s stock, valued at approximately $30,600,080. The trade was a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

IMAX Stock Performance

NYSE IMAX opened at $38.73 on Wednesday. The stock has a fifty day moving average of $37.96 and a 200-day moving average of $35.96. The stock has a market capitalization of $2.09 billion, a P/E ratio of 62.47, a price-to-earnings-growth ratio of 1.89 and a beta of 0.41. IMAX Corporation has a 52 week low of $20.48 and a 52 week high of $43.16.

IMAX (NYSE:IMAX) last released its earnings results on Wednesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.43 by $0.15. The company had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $120.30 million. IMAX had a return on equity of 13.53% and a net margin of 8.50%.The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Equities research analysts forecast that IMAX Corporation will post 0.91 earnings per share for the current fiscal year.

Key IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Early IMAX 70mm ticket sales for Dune: Part Three are selling out rapidly, indicating strong pre-release demand that should lift premium-format box-office contributions and per-ticket economics for IMAX. ‘Dune: Part Three’ Tickets Go On Sale For Early IMAX 70mm Screenings
• Positive Sentiment: Widespread media reports (sellouts, heavy reseller prices, and coverage of local IMAX programming) reinforce pricing power and scarcity for IMAX 70mm events — a near-term box-office tailwind and potential boost to concession-linked revenue. After Dune 3 IMAX tickets sold out in minutes, scalpers are reselling tickets online for $1000
• Neutral Sentiment: Analyst and longer-term commentary highlight IMAX’s growth story tied to premium-screen expansion and box-office recovery — useful context for longer-horizon investors but not an immediate catalyst. Why Imax (IMAX) is a Top Growth Stock for the Long-Term
• Negative Sentiment: CEO Richard Gelfond sold roughly 25,000 shares across recent Rule 10b5-1 transactions (~$40/share); while planned sales limit governance concerns, insider selling can weigh on near-term sentiment and share liquidity. SEC filing: Insider sales by Richard Gelfond

Hedge Funds Weigh In On IMAX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aurora Investment Counsel boosted its holdings in IMAX by 0.4% during the third quarter. Aurora Investment Counsel now owns 70,235 shares of the company’s stock worth $2,300,000 after buying an additional 308 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in IMAX by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock worth $34,000 after buying an additional 317 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in IMAX by 28.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,489 shares of the company’s stock worth $55,000 after buying an additional 332 shares during the last quarter. GAMMA Investing LLC boosted its holdings in IMAX by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock worth $69,000 after buying an additional 342 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in IMAX by 2.8% during the third quarter. Arizona State Retirement System now owns 13,517 shares of the company’s stock worth $443,000 after buying an additional 364 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barrington Research reissued an “outperform” rating and issued a $42.00 target price on shares of IMAX in a research note on Monday, January 26th. Wall Street Zen cut IMAX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th. Macquarie Infrastructure lifted their target price on IMAX from $39.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Benchmark lifted their target price on IMAX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $47.00 target price on shares of IMAX in a research note on Tuesday, February 24th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.70.

About IMAX

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.