Calamos Advisors LLC Buys Shares of 13,699 IMAX Co. (NYSE:IMAX)

Calamos Advisors LLC purchased a new position in shares of IMAX Co. (NYSE:IMAX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,699 shares of the company's stock, valued at approximately $351,000.

A number of other institutional investors also recently made changes to their positions in IMAX. Blue Trust Inc. grew its holdings in IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company's stock worth $25,000 after acquiring an additional 561 shares in the last quarter. Huntington National Bank acquired a new stake in IMAX during the third quarter valued at approximately $34,000. Quarry LP lifted its holdings in IMAX by 78,333.3% during the 3rd quarter. Quarry LP now owns 2,353 shares of the company's stock worth $48,000 after buying an additional 2,350 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of IMAX in the 3rd quarter valued at approximately $70,000. Finally, US Bancorp DE raised its position in shares of IMAX by 23.4% during the 3rd quarter. US Bancorp DE now owns 7,656 shares of the company's stock valued at $157,000 after acquiring an additional 1,452 shares in the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.

IMAX Price Performance

IMAX stock traded up $0.10 during trading hours on Friday, hitting $25.36. The company had a trading volume of 649,447 shares, compared to its average volume of 621,607. The firm's fifty day moving average is $24.55 and its 200-day moving average is $22.58. The firm has a market capitalization of $1.34 billion, a P/E ratio of 57.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. IMAX Co. has a fifty-two week low of $13.56 and a fifty-two week high of $26.84.

Wall Street Analysts Forecast Growth

IMAX has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of IMAX from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Roth Mkm upped their target price on IMAX from $27.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Barrington Research reissued an "outperform" rating and issued a $30.00 price target on shares of IMAX in a report on Friday, January 10th. Benchmark restated a "buy" rating and set a $30.00 price objective on shares of IMAX in a research report on Friday, January 17th. Finally, Wedbush reissued an "outperform" rating and set a $32.00 price target on shares of IMAX in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $28.63.

Insider Activity at IMAX

In other IMAX news, insider Kenneth Ian Weissman sold 6,309 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.51, for a total value of $160,942.59. Following the sale, the insider now owns 25,139 shares in the company, valued at approximately $641,295.89. The trade was a 20.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert D. Lister sold 55,910 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.50, for a total transaction of $1,425,705.00. Following the completion of the sale, the executive vice president now owns 138,889 shares of the company's stock, valued at $3,541,669.50. This trade represents a 28.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,176 shares of company stock valued at $1,662,110. Insiders own 24.08% of the company's stock.

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.