EAM Investors LLC Acquires New Position in IMAX Co. (NYSE:IMAX)

EAM Investors LLC purchased a new stake in shares of IMAX Co. (NYSE:IMAX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 143,355 shares of the company's stock, valued at approximately $3,670,000. EAM Investors LLC owned approximately 0.27% of IMAX as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of IMAX by 14.2% during the 4th quarter. FMR LLC now owns 4,508,583 shares of the company's stock valued at $115,420,000 after purchasing an additional 558,940 shares during the last quarter. Raymond James Financial Inc. bought a new position in IMAX during the fourth quarter valued at approximately $9,143,000. Lord Abbett & CO. LLC purchased a new position in shares of IMAX during the third quarter worth approximately $6,322,000. Pier Capital LLC lifted its holdings in shares of IMAX by 132.6% in the 4th quarter. Pier Capital LLC now owns 478,760 shares of the company's stock worth $12,256,000 after acquiring an additional 272,949 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of IMAX by 45.4% in the 4th quarter. Wells Fargo & Company MN now owns 624,510 shares of the company's stock valued at $15,987,000 after purchasing an additional 194,917 shares in the last quarter. Institutional investors own 93.51% of the company's stock.

IMAX Stock Down 1.5 %

Shares of NYSE:IMAX traded down $0.34 on Monday, hitting $22.11. The company had a trading volume of 295,090 shares, compared to its average volume of 755,315. The firm's 50-day simple moving average is $25.03 and its two-hundred day simple moving average is $24.23. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 45.12, a P/E/G ratio of 1.49 and a beta of 0.91. IMAX Co. has a 1 year low of $14.94 and a 1 year high of $27.77.

IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.14). The firm had revenue of $92.67 million for the quarter, compared to analysts' expectations of $104.08 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%. Equities research analysts anticipate that IMAX Co. will post 0.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IMAX. Barrington Research boosted their price target on shares of IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company raised their price target on IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Macquarie increased their price objective on IMAX from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $35.00 target price on shares of IMAX in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, IMAX has an average rating of "Moderate Buy" and a consensus price target of $30.56.

IMAX Company 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.