Prospect Capital Advisors LLC Reduces Stock Holdings in IMAX Corporation $IMAX

Prospect Capital Advisors LLC lessened its position in shares of IMAX Corporation (NYSE:IMAX) by 31.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 172,400 shares of the company’s stock after selling 77,400 shares during the period. IMAX makes up approximately 3.6% of Prospect Capital Advisors LLC’s investment portfolio, making the stock its 11th largest position. Prospect Capital Advisors LLC’s holdings in IMAX were worth $6,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IMAX. Caitong International Asset Management Co. Ltd grew its stake in IMAX by 28.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,489 shares of the company’s stock valued at $55,000 after acquiring an additional 332 shares during the last quarter. ProShare Advisors LLC raised its position in IMAX by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 8,000 shares of the company’s stock worth $296,000 after acquiring an additional 511 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of IMAX by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 108,781 shares of the company’s stock valued at $4,021,000 after purchasing an additional 546 shares in the last quarter. Quarry LP lifted its holdings in shares of IMAX by 166.8% in the fourth quarter. Quarry LP now owns 875 shares of the company’s stock valued at $32,000 after purchasing an additional 547 shares in the last quarter. Finally, State of Wyoming grew its position in shares of IMAX by 7.6% in the first quarter. State of Wyoming now owns 7,910 shares of the company’s stock valued at $301,000 after purchasing an additional 562 shares during the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

IMAX News Summary

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: “The Odyssey” demand is extending IMAX revenue opportunities. Multiple reports say Christopher Nolan’s film is selling out 70mm IMAX screenings weeks in advance, prompting theaters to add showtimes and extend the film’s run. That indicates strong pricing power, high screen utilization and continued audience interest in IMAX’s premium presentation. Forbes article on extended The Odyssey IMAX screenings
• Positive Sentiment: Broad theater-level momentum is being reported. IMAX venues in Kingsport and West Michigan are preparing for busy blockbuster weekends, while local coverage confirms extended runs for “The Odyssey.” These reports suggest the demand is widespread rather than limited to a single market. WOOD TV article on The Odyssey IMAX run
• Positive Sentiment: The film’s production is reinforcing IMAX brand value. Coverage highlighting that “The Odyssey” was created entirely in 70mm IMAX presents the format as an essential part of the theatrical experience, potentially encouraging future filmmaker partnerships and premium ticket demand. Mashable article on extended 70mm IMAX screenings
• Neutral Sentiment: Analyst-oriented coverage from Zacks identifies IMAX as a long-term momentum stock, consistent with its strong price performance and recent earnings beat. However, the stock’s elevated valuation means further gains may depend on sustained box-office strength and execution. Zacks IMAX momentum stock analysis

IMAX Price Performance

NYSE:IMAX opened at $47.76 on Friday. The firm has a 50 day simple moving average of $41.22 and a 200-day simple moving average of $38.46. The firm has a market cap of $2.62 billion, a PE ratio of 66.33, a P/E/G ratio of 1.58 and a beta of 0.37. IMAX Corporation has a 1-year low of $24.20 and a 1-year high of $48.74.

IMAX (NYSE:IMAX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.13. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The business had revenue of $102.84 million for the quarter, compared to the consensus estimate of $96.09 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts expect that IMAX Corporation will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Barrington Research raised their price objective on shares of IMAX from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Wedbush upped their target price on IMAX from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. The Goldman Sachs Group reiterated a “neutral” rating and set a $42.00 target price on shares of IMAX in a report on Thursday, July 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 price target on shares of IMAX in a research report on Friday, May 22nd. Finally, Seaport Research Partners reissued a “buy” rating and issued a $50.00 price target on shares of IMAX in a report on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, IMAX has an average rating of “Moderate Buy” and a consensus price target of $50.36.

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.