XTX Topco Ltd bought a new stake in IMAX Co. (NYSE:IMAX – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,423 shares of the company’s stock, valued at approximately $208,000.
Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in IMAX in the 4th quarter valued at $33,000. Headlands Technologies LLC acquired a new position in IMAX during the second quarter worth about $35,000. Summit Securities Group LLC purchased a new stake in IMAX during the 2nd quarter valued at about $80,000. Laurus Investment Counsel Inc. acquired a new stake in IMAX in the 2nd quarter valued at about $150,000. Finally, Partnership Wealth Management LLC lifted its stake in IMAX by 63.1% in the 1st quarter. Partnership Wealth Management LLC now owns 12,932 shares of the company’s stock worth $209,000 after purchasing an additional 5,005 shares in the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.
IMAX Trading Up 0.5 %
IMAX stock opened at $20.35 on Monday. The business’s fifty day moving average price is $20.41 and its 200 day moving average price is $17.92. IMAX Co. has a 12-month low of $13.20 and a 12-month high of $22.13. The company has a market capitalization of $1.07 billion, a PE ratio of 42.40, a P/E/G ratio of 1.38 and a beta of 1.25.
Wall Street Analyst Weigh In
IMAX has been the subject of a number of analyst reports. Roth Mkm upped their price target on IMAX from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Rosenblatt Securities raised their target price on IMAX from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Macquarie boosted their price target on shares of IMAX from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Seaport Res Ptn raised shares of IMAX to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of IMAX in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, two have given 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, the company has a consensus rating of “Moderate Buy” and an average target price of $23.67.
View Our Latest Report on IMAX
IMAX 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.
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