Shares of Imax Corporation (IMAX) traded down 4.920% during mid-day trading on Thursday, reaching $20.775. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. The stock had previously closed at $19.60. Also, Director Eric A. Demirian sold 2,670 shares of Imax Corporation stock in a transaction that occurred on Thursday, June 15th. Sei Investments Co. now owns 206,850 shares of the company's stock worth $7,033,000 after buying an additional 41,414 shares during the period.
Legal & General Group Plc reduced its position in shares of Imax Corporation (NYSE:IMAX) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Also, CFO Patrick Mcclymont sold 1,760 shares of the firm's stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average price of $20.50. The disclosure for this sale can be found here.
Several analysts have commented on the company.
Media stories about Imax Corporation (NYSE:IMAX) have been trending somewhat positive recently, Accern Sentiment reports. BidaskClub cut shares of Imax Corporation from a "hold" rating to a "sell" rating in a research report on Monday, July 31st. The company has a consensus rating of "Hold" and a consensus target price of $34.82. The stock has a market cap of $1.23 billion, a P/E ratio of 128.38 and a beta of 0.90. The stock has a 50 day moving average price of $21.42 and a 200-day moving average price of $28.21.
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Imax Corporation (NYSE:IMAX) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.17. The firm had revenue of $87.76 million for 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 business's quarterly revenue was down 4.3% compared to the same quarter a year ago. During the same quarter in the prior year, the firm posted $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 announced that its board has authorized a share repurchase plan on Monday, June 12th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 12.5% of its stock through open market purchases. Following the transaction, the director now owns 17,945 shares in the company, valued at $450,419.50. Franklin Resources Inc. boosted its stake in Imax Corporation by 33.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 22,008 shares of the company's stock worth $691,000 after buying an additional 190 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Imax Corporation during the first quarter worth approximately $326,000. Alliancebernstein L.P. boosted its stake in Imax Corporation by 2.3% in the second quarter. American International Group Inc. now owns 35,583 shares of the company's stock worth $1,210,000 after buying an additional 1,701 shares during the last quarter. Zacks Investment Research upgraded shares of Imax Corporation from a "sell" rating to a "hold" rating in a research report on Monday, June 19th. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Imax Corporation by 78.9% in the first quarter. BlackRock Inc. now owns 2,607,357 shares of the company's stock worth $88,651,000 after buying an additional 2,602,613 shares in the last quarter. Moreover, Banc Funds Co Llc has 1.26% invested in the company for 1.76 million shares.
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IMAX Corporation is an entertainment technology company.