IMAX (NYSE:IMAX) CFO Natasha Fernandes Sells 20,000 Shares of Stock

IMAX Corporation (NYSE:IMAX) CFO Natasha Fernandes sold 20,000 shares of IMAX stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $54.63, for a total value of $1,092,600.00. Following the completion of the transaction, the chief financial officer owned 35,596 shares of the company’s stock, valued at approximately $1,944,609.48. The trade was a 35.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

IMAX Trading Down 2.2%

Shares of NYSE IMAX opened at $52.69 on Thursday. IMAX Corporation has a twelve month low of $27.67 and a twelve month high of $55.57. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 73.18, a price-to-earnings-growth ratio of 1.73 and a beta of 0.38. The business has a 50 day simple moving average of $45.27 and a 200-day simple moving average of $40.56.

IMAX (NYSE:IMAX) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.13. IMAX had a return on equity of 15.47% and a net margin of 9.84%.The business had revenue of $102.84 million for the quarter, compared to analyst estimates of $96.09 million. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that IMAX Corporation will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IMAX has been the topic of a number of recent research reports. Wedbush raised their price target on shares of IMAX from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Weiss Ratings raised shares of IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price objective on shares of IMAX from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Seaport Research Partners reissued a “buy” rating and issued a $50.00 target price on shares of IMAX in a report on Wednesday, June 24th. Finally, B. Riley Financial lifted their target price on IMAX from $52.00 to $61.00 and gave the company a “buy” rating in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.36.

Key Headlines Impacting IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX continues to benefit from strong audience interest in premium screenings, including reported ticket demand in New York and upcoming high-profile releases such as Akira, Dune: Part Three and the limited-run Queen Budapest concert film. These events could support box-office revenue and reinforce the value of IMAX’s format. IMAX ticket demand article Queen Budapest IMAX article
• Positive Sentiment: A new IMAX auditorium is planned for Mann Theatres’ Plymouth location, adding to the company’s theater network and potentially increasing future installation, maintenance and box-office participation revenue. Mann Theatres Plymouth IMAX article
• Positive Sentiment: Management will present at upcoming Bank of America and Goldman Sachs investor conferences in September. The appearances may provide additional detail on theater installations, film demand and growth plans, keeping institutional attention on the stock. IMAX investor conference announcement
• Neutral Sentiment: IMAX recently reached a new one-year high after a rally tied to enthusiasm for its immersive format and expectations that additional theater installations will drive earnings growth. However, the elevated valuation—approximately 73 times earnings—could make the stock sensitive to profit-taking or disappointing guidance. IMAX one-year high article
• Negative Sentiment: Chief Financial Officer Natasha Fernandes sold 20,000 shares for approximately $1.09 million, reducing her direct ownership by nearly 36%. Another insider, Kenneth Ian Weissman, sold 8,000 shares for about $436,000 and reduced his holdings by roughly 22%. Although insider sales do not necessarily indicate weakening fundamentals, the transactions can weigh on sentiment after the stock’s strong run. CFO SEC filing Insider SEC filing
• Negative Sentiment: The planned closure of AMC Kips Bay 15 in New York will remove an IMAX screen, highlighting the risk that theater shutdowns can offset new auditorium openings and reduce the company’s available exhibition footprint. AMC Kips Bay IMAX closure article

Institutional Trading of IMAX

A number of large investors have recently modified their holdings of IMAX. CIBC Private Wealth Group LLC acquired a new position in IMAX during the 3rd quarter valued at about $27,000. Quarry LP grew its position in IMAX by 166.8% in the 4th quarter. Quarry LP now owns 875 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the last quarter. Torren Management LLC acquired a new stake in shares of IMAX in the fourth quarter valued at approximately $40,000. Caitong International Asset Management Co. Ltd increased its stake in shares of IMAX by 2,310.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company’s stock valued at $38,000 after purchasing an additional 1,109 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of IMAX by 863.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company’s stock valued at $62,000 after purchasing an additional 1,493 shares during the period. Institutional investors and hedge funds own 93.51% of the company’s stock.

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.