202,160 Shares in IMAX Corporation $IMAX Purchased by HBK Investments L P

HBK Investments L P acquired a new stake in IMAX Corporation (NYSE:IMAX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 202,160 shares of the company’s stock, valued at approximately $8,058,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IMAX. Engineers Gate Manager LP raised its stake in IMAX by 227.7% during the second quarter. Engineers Gate Manager LP now owns 29,205 shares of the company’s stock valued at $1,164,000 after buying an additional 20,293 shares in the last quarter. Nykredit A S acquired a new position in shares of IMAX in the 2nd quarter worth approximately $105,000. Triumph Capital Management grew its position in shares of IMAX by 3.0% in the 2nd quarter. Triumph Capital Management now owns 17,295 shares of the company’s stock worth $689,000 after acquiring an additional 504 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of IMAX in the 2nd quarter valued at approximately $380,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of IMAX by 5,002.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,838 shares of the company’s stock valued at $5,614,000 after acquiring an additional 138,078 shares during the last quarter. 93.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Roth Capital upped their price target on IMAX from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. HC Wainwright reaffirmed a “buy” rating on shares of IMAX in a report on Friday, July 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 target price on shares of IMAX in a research note on Friday, May 22nd. Wells Fargo & Company increased their target price on shares of IMAX from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.45.

Insider Buying and Selling

In other IMAX news, VP Robert D. Lister sold 22,500 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $51.58, for a total value of $1,160,550.00. Following the sale, the vice president directly owned 182,375 shares in the company, valued at approximately $9,406,902.50. This trade represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Natasha Fernandes sold 20,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $54.63, for a total transaction of $1,092,600.00. Following the transaction, the chief financial officer directly owned 35,596 shares of the company’s stock, valued at approximately $1,944,609.48. This trade represents a 35.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 507,257 shares of company stock valued at $26,673,571 in the last 90 days. Corporate insiders own 20.55% of the company’s stock.

IMAX Stock Down 1.0%

Shares of NYSE:IMAX traded down $0.54 during trading on Wednesday, hitting $52.23. 960,047 shares of the company traded hands, compared to its average volume of 1,171,282. The business’s fifty day moving average is $48.17 and its 200-day moving average is $42.05. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 72.54, a PEG ratio of 1.66 and a beta of 0.40. IMAX Corporation has a one year low of $30.74 and a one year high of $55.57.

IMAX (NYSE:IMAX) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.13. IMAX had a return on equity of 15.47% and a net margin of 9.84%.The business had revenue of $102.84 million for the quarter, compared to the consensus estimate of $96.09 million. During the same quarter last year, the business posted $0.26 EPS. The business’s revenue was up 12.2% on a year-over-year basis. On average, analysts forecast that IMAX Corporation will post 1.54 EPS for the current year.

About IMAX

IMAX Corporation (NYSE: IMAX) is an entertainment technology company that develops and operates premium large-format cinema experiences. Its systems combine specialized projection, immersive sound, large screens and theater design to present feature films, documentaries and other filmed content.

The company provides cinema operators with IMAX projection and sound systems, including its IMAX with Laser technology, as well as theater design, installation and technical support. IMAX also works with filmmakers and studios on content capture, post-production and remastering to optimize movies for its format, including selected 2D and 3D releases.

Founded in 1967, IMAX has expanded from its origins in documentary and institutional film presentations into a global theatrical network.