IMAX Co. (NYSE:IMAX) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC trimmed its position in IMAX Co. (NYSE:IMAX - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,474 shares of the company's stock after selling 16,233 shares during the period. Keeley Teton Advisors LLC owned approximately 0.11% of IMAX worth $1,497,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of IMAX by 1.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,176 shares of the company's stock valued at $747,000 after acquiring an additional 533 shares in the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 561 shares during the period. Hedges Asset Management LLC increased its position in IMAX by 3.1% during the 4th quarter. Hedges Asset Management LLC now owns 83,600 shares of the company's stock worth $2,140,000 after purchasing an additional 2,500 shares during the period. US Bancorp DE raised its stake in shares of IMAX by 60.3% during the 4th quarter. US Bancorp DE now owns 12,276 shares of the company's stock worth $314,000 after buying an additional 4,620 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of IMAX by 1.2% in the 4th 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 during the period. 93.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IMAX has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on IMAX from $26.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their price target on shares of IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wedbush reiterated an "outperform" rating and issued a $32.00 price objective on shares of IMAX in a research note on Thursday. Barrington Research upped their target price on shares of IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $35.00 price target on shares of IMAX in a research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.56.

IMAX Stock Down 1.3 %

Shares of IMAX stock traded down $0.30 during trading on Monday, hitting $22.15. 225,871 shares of the company were exchanged, compared to its average volume of 755,093. IMAX Co. has a fifty-two week low of $14.94 and a fifty-two week high of $27.77. The firm has a 50 day moving average price of $25.03 and a 200 day moving average price of $24.23. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 45.21, a P/E/G ratio of 1.49 and a beta of 0.91.

IMAX (NYSE:IMAX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $92.67 million for the quarter, compared to analyst estimates of $104.08 million. Analysts predict that IMAX Co. will post 0.91 earnings per share for the current year.

About IMAX

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.