Gibbs Wealth Management Acquires Shares of 19,478 IMAX Corporation $IMAX

Gibbs Wealth Management bought a new stake in IMAX Corporation (NYSE:IMAX) during the 1st quarter, HoldingsChannel reports. The firm bought 19,478 shares of the company’s stock, valued at approximately $740,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sei Investments Co. raised its position in shares of IMAX by 37.8% during the 1st quarter. Sei Investments Co. now owns 185,045 shares of the company’s stock worth $7,033,000 after purchasing an additional 50,717 shares during the last quarter. State of Wyoming boosted its holdings in IMAX by 7.6% in the 1st quarter. State of Wyoming now owns 7,910 shares of the company’s stock worth $301,000 after buying an additional 562 shares during the last quarter. Cetera Investment Advisers acquired a new stake in IMAX in the 1st quarter worth about $418,000. Militia Capital Management LLC acquired a new stake in IMAX in the 1st quarter worth about $1,513,000. Finally, Chase Investment Counsel Corp increased its stake in IMAX by 7.4% during the 1st quarter. Chase Investment Counsel Corp now owns 89,208 shares of the company’s stock worth $3,390,000 after buying an additional 6,128 shares in the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

IMAX News Roundup

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX reported better-than-expected second-quarter results, with EPS and revenue both topping Wall Street estimates, while management reaffirmed full-year guidance and highlighted margin expansion and network growth. IMAX Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Strong box-office traction for The Odyssey is boosting confidence that IMAX can sustain higher ticket sales and premium-screen utilization, with reports suggesting the film could be a transformational release for the company. The Odyssey is cleaning up for IMAX. Expect the momentum to continue
• Positive Sentiment: Analysts turned more bullish after earnings, with JPMorgan, Wells Fargo, Barrington, and Wedbush all raising price targets, and Wedbush reiterating Outperform on expectations for a stronger film pipeline, market-share gains, and international expansion. IMAX price target boosted by Wedbush on growth outlook
• Positive Sentiment: Investor attention is also being reinforced by unusual call-option activity and multiple stories about sold-out IMAX 70mm showings, signaling strong near-term demand sentiment around the stock. Imax’s CEO says it’s time to hike prices as tickets to ‘The Odyssey’ resell for $1,000
• Neutral Sentiment: IMAX disclosed a new regulatory risk tied to geopolitical, trade, and other global expansion challenges, which could matter over time but does not appear to be driving near-term trading. IMAX Confronts Rising Geopolitical, Regulatory and Trade Risks Threatening Global Expansion

Analyst Upgrades and Downgrades

A number of brokerages have commented on IMAX. Wells Fargo & Company increased their target price on IMAX from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday. Wedbush lifted their price target on IMAX from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on IMAX from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday. Weiss Ratings raised IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, Seaport Research Partners restated a “buy” rating and issued a $50.00 price objective on shares of IMAX in a report on Wednesday, June 24th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.36.

IMAX Trading Down 1.7%

Shares of NYSE IMAX opened at $43.21 on Friday. IMAX Corporation has a 12-month low of $24.20 and a 12-month high of $45.88. The stock has a market cap of $2.38 billion, a PE ratio of 60.02, a P/E/G ratio of 1.61 and a beta of 0.37. The company has a 50-day moving average of $39.99 and a 200 day moving average of $38.03.

IMAX (NYSE:IMAX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.13. IMAX had a net margin of 9.84% and a return on equity of 15.65%. The company had revenue of $102.84 million during the quarter, compared to the consensus estimate of $96.09 million. During the same quarter in the prior year, the firm earned $0.26 EPS. IMAX’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts forecast that IMAX Corporation will post 1.3 EPS for the current fiscal year.

Insider Activity

In other news, CEO Richard L. Gelfond sold 8,943 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $37.33, for a total value of $333,842.19. Following the completion of the sale, the chief executive officer directly owned 765,002 shares in the company, valued at $28,557,524.66. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.55% of the stock is owned by company insiders.

IMAX Company Profile

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.