Mutual of America Capital Management LLC Buys 37,462 Shares of IMAX Co. (NYSE:IMAX)

Mutual of America Capital Management LLC boosted its stake in shares of IMAX Co. (NYSE:IMAX - Free Report) by 22.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,291 shares of the company's stock after acquiring an additional 37,462 shares during the period. Mutual of America Capital Management LLC owned 0.39% of IMAX worth $4,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mizuho Markets Americas LLC raised its position in shares of IMAX by 47.5% in the 3rd quarter. Mizuho Markets Americas LLC now owns 387,689 shares of the company's stock valued at $7,952,000 after buying an additional 124,811 shares in the last quarter. Royce & Associates LP lifted its stake in IMAX by 3.1% during the third quarter. Royce & Associates LP now owns 1,822,616 shares of the company's stock worth $37,382,000 after purchasing an additional 54,850 shares during the last quarter. Huntington National Bank acquired a new stake in shares of IMAX in the 3rd quarter valued at $34,000. Victory Capital Management Inc. increased its stake in shares of IMAX by 9.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,420,592 shares of the company's stock valued at $29,136,000 after purchasing an additional 127,371 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of IMAX by 23.4% during the 3rd quarter. US Bancorp DE now owns 7,656 shares of the company's stock worth $157,000 after buying an additional 1,452 shares in the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on IMAX. Barrington Research reiterated an "outperform" rating and issued a $24.00 target price on shares of IMAX in a research report on Thursday, October 31st. StockNews.com cut shares of IMAX from a "buy" rating to a "hold" rating in a research report on Thursday. Roth Mkm raised their target price on shares of IMAX from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of IMAX from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Finally, Macquarie increased their price target on IMAX from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, IMAX currently has an average rating of "Moderate Buy" and a consensus target price of $24.22.

IMAX Stock Performance

Shares of IMAX traded up $0.48 during mid-day trading on Friday, reaching $25.19. 621,620 shares of the company were exchanged, compared to its average volume of 760,870. The stock has a market capitalization of $1.33 billion, a PE ratio of 57.25, a PEG ratio of 1.63 and a beta of 1.22. The business has a 50 day simple moving average of $21.68 and a two-hundred day simple moving average of $19.43. IMAX Co. has a 52 week low of $13.20 and a 52 week high of $25.51.

IMAX (NYSE:IMAX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.12. The company had revenue of $91.50 million during the quarter, compared to analysts' expectations of $93.71 million. IMAX had a net margin of 6.74% and a return on equity of 7.53%. IMAX's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. On average, analysts predict that IMAX Co. will post 0.76 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.