Sei Investments Co. Boosts Holdings in IMAX Co. (NYSE:IMAX)

Sei Investments Co. boosted its stake in IMAX Co. (NYSE:IMAX) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,577 shares of the company’s stock after acquiring an additional 13,549 shares during the period. Sei Investments Co. owned about 0.28% of IMAX worth $3,752,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of IMAX by 108.4% in the third quarter. FMR LLC now owns 3,949,643 shares of the company’s stock valued at $81,007,000 after buying an additional 2,054,031 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in IMAX in the fourth quarter valued at $9,143,000. Lord Abbett & CO. LLC purchased a new stake in shares of IMAX during the 3rd quarter worth $6,322,000. Castleark Management LLC purchased a new stake in shares of IMAX during the 3rd quarter worth $5,199,000. Finally, Pier Capital LLC acquired a new position in shares of IMAX during the 3rd quarter worth $4,221,000. Institutional investors and hedge funds own 93.51% of the company’s stock.

IMAX Trading Up 0.2 %

Shares of IMAX stock opened at $26.62 on Thursday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 54.33, a PEG ratio of 1.49 and a beta of 1.22. The company’s fifty day simple moving average is $25.43 and its 200-day simple moving average is $23.97. IMAX Co. has a 1 year low of $14.94 and a 1 year high of $27.77.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IMAX shares. JPMorgan Chase & Co. raised their price target on IMAX from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Benchmark reaffirmed a “buy” rating and set a $30.00 price target on shares of IMAX in a research report on Thursday, February 20th. Wells Fargo & Company raised their price target on shares of IMAX from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Wedbush reiterated an “outperform” rating and set a $32.00 price objective on shares of IMAX in a research note on Thursday, February 20th. Finally, StockNews.com cut IMAX from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.67.

About IMAX

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.