ExodusPoint Capital Management LP Has $639,000 Stock Position in IMAX Co. (NYSE:IMAX)

ExodusPoint Capital Management LP lessened its holdings in shares of IMAX Co. (NYSE:IMAX - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,972 shares of the company's stock after selling 42,025 shares during the quarter. ExodusPoint Capital Management LP's holdings in IMAX were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IMAX. Trexquant Investment LP raised its holdings in shares of IMAX by 12.1% during the 4th quarter. Trexquant Investment LP now owns 220,452 shares of the company's stock valued at $5,644,000 after purchasing an additional 23,876 shares in the last quarter. Geode Capital Management LLC raised its holdings in IMAX by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 498,135 shares of the company's stock valued at $12,752,000 after buying an additional 5,826 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of IMAX by 60.7% in the fourth quarter. Alliancebernstein L.P. now owns 78,988 shares of the company's stock worth $2,022,000 after buying an additional 29,848 shares during the last quarter. Norges Bank bought a new stake in shares of IMAX during the 4th quarter worth about $3,711,000. Finally, Pier Capital LLC increased its holdings in shares of IMAX by 132.6% during the 4th quarter. Pier Capital LLC now owns 478,760 shares of the company's stock valued at $12,256,000 after acquiring an additional 272,949 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IMAX has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Macquarie boosted their price objective on shares of IMAX from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company raised their target price on shares of IMAX from $26.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. StockNews.com lowered shares of IMAX from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Rosenblatt Securities restated a "buy" rating and set a $35.00 price target on shares of IMAX in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, IMAX has an average rating of "Moderate Buy" and an average price target of $30.56.

IMAX Trading Up 2.6 %

IMAX stock traded up $0.57 during trading on Thursday, reaching $22.34. 174,695 shares of the stock were exchanged, compared to its average volume of 753,863. The stock has a 50 day simple moving average of $25.15 and a 200-day simple moving average of $24.15. The company has a market capitalization of $1.18 billion, a P/E ratio of 45.54, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91. IMAX Co. has a twelve month low of $14.94 and a twelve month 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 earnings per share 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 analyst estimates of $104.08 million. IMAX had a return on equity of 8.60% and a net margin of 7.40%. Equities analysts predict that IMAX Co. will post 0.91 EPS for the current year.

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.