75,822 Shares in IMAX Co. (NYSE:IMAX) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in IMAX Co. (NYSE:IMAX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 75,822 shares of the company’s stock, valued at approximately $1,555,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IMAX. Victory Capital Management Inc. lifted its holdings in IMAX by 33.1% during the second quarter. Victory Capital Management Inc. now owns 1,293,221 shares of the company’s stock valued at $21,687,000 after purchasing an additional 321,506 shares in the last quarter. Mizuho Markets Americas LLC lifted its holdings in shares of IMAX by 47.5% in the third quarter. Mizuho Markets Americas LLC now owns 387,689 shares of the company’s stock worth $7,952,000 after buying an additional 124,811 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of IMAX by 57.0% in the second quarter. American Century Companies Inc. now owns 120,021 shares of the company’s stock worth $2,013,000 after buying an additional 43,584 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of IMAX by 90.6% in the second quarter. Bank of New York Mellon Corp now owns 587,694 shares of the company’s stock worth $9,856,000 after buying an additional 279,410 shares in the last quarter. Finally, Foundry Partners LLC lifted its holdings in shares of IMAX by 46.8% in the second quarter. Foundry Partners LLC now owns 182,200 shares of the company’s stock worth $3,055,000 after buying an additional 58,115 shares in the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

IMAX Stock Performance

NYSE:IMAX opened at $24.65 on Thursday. IMAX Co. has a fifty-two week low of $13.20 and a fifty-two week high of $26.84. The stock has a market capitalization of $1.30 billion, a P/E ratio of 56.02, a P/E/G ratio of 1.69 and a beta of 1.23. The company’s 50-day simple moving average is $23.85 and its 200-day simple moving average is $20.63.

IMAX (NYSE:IMAX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. The business had revenue of $91.50 million for the quarter, compared to analysts’ expectations of $93.71 million. IMAX had a net margin of 6.74% and a return on equity of 7.53%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. On average, research analysts forecast that IMAX Co. will post 0.77 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of IMAX from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Roth Mkm boosted their price target on shares of IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wedbush restated an “outperform” rating on shares of IMAX in a research report on Wednesday, November 27th. Barrington Research restated an “outperform” rating and issued a $24.00 price target on shares of IMAX in a research report on Thursday, October 31st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $28.00 price target on shares of IMAX in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, IMAX presently has a consensus rating of “Moderate Buy” and an average price target of $25.11.

Insider Buying and Selling

In other IMAX news, EVP Robert D. Lister sold 55,910 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $25.50, for a total transaction of $1,425,705.00. Following the completion of the transaction, the executive vice president now directly owns 138,889 shares of the company’s stock, valued at approximately $3,541,669.50. This trade represents a 28.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Natasha Fernandes sold 2,957 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.52, for a total transaction of $75,462.64. Following the transaction, the chief financial officer now directly owns 14,883 shares of the company’s stock, valued at $379,814.16. This represents a 16.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,176 shares of company stock worth $1,662,110 in the last three months. Corporate insiders own 24.08% of the company’s stock.

About IMAX

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.