71,353 Shares in IMAX Co. (NYSE:IMAX) Acquired by Jump Financial LLC

Jump Financial LLC purchased a new position in IMAX Co. (NYSE:IMAX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 71,353 shares of the company’s stock, valued at approximately $1,827,000.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of IMAX by 14.2% in the 4th quarter. FMR LLC now owns 4,508,583 shares of the company’s stock valued at $115,420,000 after purchasing an additional 558,940 shares during the period. Raymond James Financial Inc. acquired a new stake in IMAX in the fourth quarter valued at $9,143,000. Lord Abbett & CO. LLC bought a new position in IMAX during the third quarter worth about $6,322,000. Pier Capital LLC increased its holdings in shares of IMAX by 132.6% during the 4th quarter. Pier Capital LLC now owns 478,760 shares of the company’s stock worth $12,256,000 after acquiring an additional 272,949 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of IMAX by 45.4% in the fourth quarter. Wells Fargo & Company MN now owns 624,510 shares of the company’s stock valued at $15,987,000 after purchasing an additional 194,917 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors and hedge funds.

IMAX Trading Up 3.2 %

Shares of IMAX stock opened at $22.47 on Friday. The company has a market cap of $1.19 billion, a P/E ratio of 45.85, a PEG ratio of 1.49 and a beta of 0.91. The business has a 50-day moving average price of $25.03 and a two-hundred day moving average price of $24.18. IMAX Co. has a 1-year low of $14.94 and a 1-year high of $27.77.

IMAX (NYSE:IMAX) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.14). The company had revenue of $92.67 million for the quarter, compared to analyst estimates of $104.08 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%. Equities research analysts forecast that IMAX Co. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $35.00 target price on shares of IMAX in a research note on Thursday, April 10th. Wells Fargo & Company increased their price target on shares of IMAX from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Wedbush reiterated an “outperform” rating and issued a $32.00 target price on shares of IMAX in a research report on Thursday. Benchmark reiterated a “buy” rating and set a $30.00 price target on shares of IMAX in a report on Thursday, April 10th. Finally, StockNews.com lowered shares of IMAX from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, IMAX presently has an average rating of “Moderate Buy” and a consensus price target of $30.56.

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.