IMAX Co. (NYSE:IMAX) Shares Purchased by Foundry Partners LLC

Foundry Partners LLC grew its holdings in shares of IMAX Co. (NYSE:IMAX - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,600 shares of the company's stock after purchasing an additional 29,305 shares during the period. Foundry Partners LLC owned approximately 0.48% of IMAX worth $6,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in IMAX by 138.5% in the fourth 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 raised its position in shares of IMAX by 78,333.3% in the 3rd quarter. Quarry LP now owns 2,353 shares of the company's stock valued at $48,000 after purchasing an additional 2,350 shares during the last quarter. Intech Investment Management LLC purchased a new stake in IMAX during the 3rd quarter worth approximately $205,000. Wealthfront Advisers LLC purchased a new stake in shares of IMAX during the fourth quarter valued at $217,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in IMAX during the 4th quarter worth about $248,000. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Rosenblatt Securities lifted their target price on IMAX from $28.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Macquarie upped their price target on shares of IMAX from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their price objective on 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 note on Thursday, March 27th. Finally, JPMorgan Chase & Co. upped their price target on IMAX from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.67.

IMAX Stock Performance

IMAX stock traded down $0.07 during midday trading on Wednesday, reaching $22.51. 299,840 shares of the company were exchanged, compared to its average volume of 735,033. The stock's 50-day simple moving average is $25.46 and its 200 day simple moving average is $24.09. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth 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 released 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). IMAX had a net margin of 7.40% and a return on equity of 8.60%. The business had revenue of $92.67 million during the quarter, compared to analyst estimates of $104.08 million. On average, research analysts anticipate that IMAX Co. will post 0.91 earnings per share for the current year.

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.