Thrivent Financial for Lutherans Trims Stock Holdings in IMAX Co. (NYSE:IMAX)

Thrivent Financial for Lutherans lessened its stake in shares of IMAX Co. (NYSE:IMAX - Free Report) by 33.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 426,947 shares of the company's stock after selling 210,832 shares during the quarter. Thrivent Financial for Lutherans owned about 0.81% of IMAX worth $10,930,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. grew its stake 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 buying an additional 561 shares during the last quarter. Quarry LP boosted its holdings in shares of IMAX by 78,333.3% in the third quarter. Quarry LP now owns 2,353 shares of the company's stock valued at $48,000 after acquiring an additional 2,350 shares during the period. Intech Investment Management LLC purchased a new position in shares of IMAX during the third quarter worth approximately $205,000. Wealthfront Advisers LLC acquired a new position in shares of IMAX in the 4th quarter valued at $217,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in IMAX in the 4th quarter valued at $248,000. Institutional investors and hedge funds own 93.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on IMAX shares. Macquarie raised their price objective 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. Barrington Research raised their price target on IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Wedbush reaffirmed an "outperform" rating and set a $32.00 price objective on shares of IMAX in a research note on Thursday, February 20th. Wells Fargo & Company increased their price target on IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of IMAX from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, IMAX currently has a consensus rating of "Buy" and an average price target of $30.67.

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IMAX Trading Up 0.7 %

Shares of NYSE:IMAX traded up $0.20 during trading on Wednesday, hitting $27.36. 585,798 shares of the stock were exchanged, compared to its average volume of 706,039. The company has a fifty day moving average price of $24.99 and a two-hundred day moving average price of $23.74. The company has a market cap of $1.45 billion, a PE ratio of 55.84, a P/E/G ratio of 1.49 and a beta of 1.22. IMAX Co. has a 12-month low of $14.94 and a 12-month high of $27.77.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.17 earnings per share (EPS) 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 research analysts anticipate that IMAX Co. will post 0.91 earnings per share for the current fiscal 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.