Proficio Capital Partners LLC Acquires Shares of 19,610 IMAX Co. (NYSE:IMAX)

Proficio Capital Partners LLC acquired a new stake in shares of IMAX Co. (NYSE:IMAX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,610 shares of the company's stock, valued at approximately $502,000.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. raised its stake in IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company's stock valued at $25,000 after buying an additional 561 shares during the last quarter. Quarry LP grew its position in IMAX by 78,333.3% during the third quarter. Quarry LP now owns 2,353 shares of the company's stock valued at $48,000 after buying an additional 2,350 shares during the period. Intech Investment Management LLC purchased a new stake in IMAX during the third quarter valued at approximately $205,000. Cornerstone Investment Partners LLC bought a new position in IMAX in the fourth quarter worth approximately $248,000. Finally, Savant Capital LLC purchased a new position in shares of IMAX during the 4th quarter worth $249,000. 93.51% of the stock is owned by hedge funds and other institutional investors.

IMAX Stock Down 3.5 %

IMAX stock traded down $0.95 during midday trading on Friday, reaching $26.08. 1,041,805 shares of the stock traded hands, compared to its average volume of 718,947. The stock has a market cap of $1.38 billion, a P/E ratio of 53.23, a PEG ratio of 1.49 and a beta of 1.22. The stock's fifty day moving average is $25.18 and its 200-day moving average is $23.79. IMAX Co. has a 12 month low of $14.94 and a 12 month high of $27.77.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on IMAX from $26.00 to $32.00 and gave the company an "overweight" rating in a research 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. Barrington Research raised their target price 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. Macquarie upped their price target on shares of IMAX from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of IMAX from a "buy" rating to a "hold" rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.67.

IMAX 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.