Strs Ohio Has $7.47 Million Stock Position in IMAX Corporation $IMAX

Strs Ohio cut its stake in shares of IMAX Corporation (NYSE:IMAX) by 22.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 228,000 shares of the company’s stock after selling 65,800 shares during the quarter. Strs Ohio’s holdings in IMAX were worth $7,467,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of IMAX by 47.9% in the 1st quarter. AQR Capital Management LLC now owns 56,348 shares of the company’s stock valued at $1,485,000 after buying an additional 18,238 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in IMAX by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,486 shares of the company’s stock valued at $672,000 after acquiring an additional 1,091 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of IMAX by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,714 shares of the company’s stock valued at $4,208,000 after acquiring an additional 11,736 shares during the period. Aurora Investment Counsel bought a new position in shares of IMAX in the 2nd quarter valued at about $1,955,000. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of IMAX by 513.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 47,108 shares of the company’s stock worth $1,317,000 after purchasing an additional 39,427 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

Insider Buying and Selling at IMAX

In related news, VP Robert D. Lister sold 50,143 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $34.67, for a total value of $1,738,457.81. Following the transaction, the vice president directly owned 161,421 shares in the company, valued at approximately $5,596,466.07. This represents a 23.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Giovanni M. Dolci sold 6,188 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $34.25, for a total transaction of $211,939.00. Following the transaction, the executive vice president directly owned 33,000 shares in the company, valued at approximately $1,130,250. This represents a 15.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 24.08% of the stock is owned by company insiders.

Analyst Ratings Changes

IMAX has been the subject of several recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $42.00 target price on shares of IMAX in a research note on Monday. Benchmark restated a “buy” rating on shares of IMAX in a research note on Monday, January 5th. Wall Street Zen cut IMAX from a “strong-buy” rating to a “buy” rating in a research note on Friday. B. Riley reaffirmed a “buy” rating on shares of IMAX in a report on Monday, December 8th. Finally, Wedbush lifted their price objective on shares of IMAX from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.70.

IMAX Trading Up 0.4%

Shares of NYSE IMAX opened at $34.76 on Tuesday. The firm has a market cap of $1.87 billion, a P/E ratio of 48.96, a price-to-earnings-growth ratio of 1.71 and a beta of 0.37. The business’s 50 day moving average is $36.48 and its 200-day moving average is $32.40. IMAX Corporation has a 1-year low of $20.48 and a 1-year high of $39.98.

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.