Quadrature Capital Ltd Purchases 5,470 Shares of IMAX Co. (NYSE:IMAX)

Quadrature Capital Ltd lifted its position in shares of IMAX Co. (NYSE:IMAX) by 9.9% in the 4th quarter, Holdings Channel reports. The fund owned 60,867 shares of the company’s stock after buying an additional 5,470 shares during the quarter. Quadrature Capital Ltd’s holdings in IMAX were worth $914,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in IMAX. Dimensional Fund Advisors LP lifted its holdings in IMAX by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,454,524 shares of the company’s stock valued at $21,847,000 after purchasing an additional 10,358 shares during the last quarter. Victory Capital Management Inc. lifted its stake in IMAX by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 825,319 shares of the company’s stock worth $12,396,000 after purchasing an additional 95,182 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in IMAX by 27.2% in the 4th quarter. Eagle Asset Management Inc. now owns 364,741 shares of the company’s stock valued at $5,478,000 after purchasing an additional 77,966 shares during the period. Kodai Capital Management LP purchased a new position in shares of IMAX during the 4th quarter valued at $5,287,000. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in shares of IMAX by 16.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 264,689 shares of the company’s stock worth $3,976,000 after purchasing an additional 37,631 shares during the period. Hedge funds and other institutional investors own 93.51% of the company’s stock.

Insider Activity

In other IMAX news, EVP Calamera Pablo sold 6,130 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $17.05, for a total value of $104,516.50. Following the completion of the sale, the executive vice president now owns 42,269 shares in the company, valued at $720,686.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 24.08% of the company’s stock.

Analyst Upgrades and Downgrades

IMAX has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $24.00 target price on shares of IMAX in a research report on Monday, April 22nd. Benchmark reissued a “buy” rating and set a $22.00 price objective on shares of IMAX in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of IMAX in a research note on Monday. Finally, Wedbush reissued an “outperform” rating and issued a $22.00 price target on shares of IMAX in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.57.

IMAX Price Performance

NYSE:IMAX opened at $16.40 on Friday. The company has a market capitalization of $862.97 million, a price-to-earnings ratio of 34.17, a PEG ratio of 1.37 and a beta of 1.21. The business has a 50 day moving average of $16.53 and a 200 day moving average of $15.78. IMAX Co. has a 1-year low of $13.20 and a 1-year high of $20.70.

IMAX (NYSE:IMAX) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. IMAX had a net margin of 7.13% and a return on equity of 9.47%. The firm had revenue of $79.12 million for the quarter, compared to the consensus estimate of $77.88 million. As a group, sell-side analysts anticipate that IMAX Co. will post 0.6 EPS for the current year.

IMAX Company Profile

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.