9,738 Shares in IMAX Co. (NYSE:IMAX) Purchased by Savant Capital LLC

Savant Capital LLC acquired a new position in shares of IMAX Co. (NYSE:IMAX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,738 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its position in shares of IMAX by 108.4% during the 3rd quarter. FMR LLC now owns 3,949,643 shares of the company’s stock valued at $81,007,000 after purchasing an additional 2,054,031 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in IMAX during the 3rd quarter valued at about $6,322,000. Castleark Management LLC bought a new stake in IMAX in the third quarter worth about $5,199,000. Pier Capital LLC purchased a new position in shares of IMAX during the third quarter valued at approximately $4,221,000. Finally, Victory Capital Management Inc. lifted its stake in shares of IMAX by 9.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,420,592 shares of the company’s stock worth $29,136,000 after acquiring an additional 127,371 shares during the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at IMAX

In other IMAX news, CFO Natasha Fernandes sold 2,957 shares of the 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 owns 14,883 shares in the company, valued at approximately $379,814.16. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert D. Lister sold 55,910 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $25.50, for a total value of $1,425,705.00. Following the transaction, the executive vice president now owns 138,889 shares in the company, valued at $3,541,669.50. This trade represents a 28.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,176 shares of company stock worth $1,662,110 over the last quarter. 24.08% of the stock is currently owned by insiders.

IMAX Price Performance

NYSE:IMAX opened at $27.01 on Wednesday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 61.38, a PEG ratio of 1.40 and a beta of 1.22. The company’s fifty day moving average price is $24.60 and its 200-day moving average price is $22.90. IMAX Co. has a 1-year low of $14.90 and a 1-year high of $27.38.

Analyst Ratings Changes

A number of analysts have weighed in on IMAX shares. Benchmark reiterated a “buy” rating and issued a $30.00 target price on shares of IMAX in a research note on Friday, January 17th. Wedbush reissued an “outperform” rating and set a $32.00 price objective on shares of IMAX in a report on Wednesday, February 12th. Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of IMAX in a research note on Friday, January 10th. Roth Mkm raised their price objective on IMAX from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com cut IMAX from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, IMAX presently has an average rating of “Moderate Buy” and an average target price of $28.63.

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.