Several other large investors have also recently bought and sold shares of IMAX. Finally, Paloma Partners Management Co acquired a new stake in Imax Corporation during the first quarter worth $1,504,000. Company insiders own 18.90% of the company's stock. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Finally, Bank of New York Mellon Corp raised its stake in Imax Corporation by 22.9% in the first quarter. Peregrine Capital Management LLC now owns 1,109,121 shares of the company's stock worth $37,488,000 after buying an additional 76,309 shares in the last quarter.
Doheny Asset Management Ca holds 2.65% of its portfolio in New Senior Investment Group Inc for 558,200 shares. Alliancebernstein L.P. boosted its stake in Imax Corporation by 2.3% in the second quarter. The CFO & EVP, Finance now owns $43,973 of the stock per the Form 4 SEC filing. State Board of Administration of Florida Retirement System raised its stake in shares of Imax Corporation by 0.9% in the fourth quarter.
Imax Corporation (NYSE:IMAX) opened at 19.00 on Friday. Imax Corporation has a 52 week low of $20.05 and a 52 week high of $35.30. The firm has a market cap of $1.23 billion, a P/E ratio of 128.38 and a beta of 0.90. The stock last traded at $19.00 which is quite a bit below $21.42, the stock's 50 day moving average and which is well below the 200 day moving average of $28.21.
Imax Corporation (NYSE:IMAX) last released its earnings results on Wednesday, July 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.17. The firm had revenue of $87.76 million during the quarter, compared to the consensus estimate of $89.26 million. The value of the company's investment in Imax Corporation went from $978,000 to $925,000 a change of 5.4% quarter over quarter. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts expect next quarter's EPS will be $0.39 and the next full year EPS is anticipated to be $0.99.
Imax Corporation declared that its Board of Directors has authorized a stock buyback program on Monday, June 12th that allows the company to buyback $200.00 million in outstanding shares.
TRADEMARK VIOLATION WARNING: "Imax Corporation (NYSE:IMAX) Earns News Impact Rating of 0.13" was published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another website, it was stolen and republished in violation of United States & global copyright and trademark law. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/08/13/legal-general-group-plc-has-713000-position-in-imax-corporation-nyseimax-updated.html. Roth Capital set a $33.00 price target on Imax Corporation and gave the stock a buy rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. Imax Corporation now has an average rating of "Hold" and a consensus target price of $34.82. The stock was sold at an average price of $20.50, for a total transaction of $36,080.00. Also, Director Eric A. Demirian sold 2,670 shares of the company's stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $25.10, for a total value of $67,017.00. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued. The disclosure for this sale can be found here.
The Company's divisions include Commercial Banking, Fee-Based Lines, and Corporate Support and Other. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.