Oberweis Asset Management Inc. lifted its position in IMAX Co. (NYSE:IMAX - Free Report) by 29.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 579,600 shares of the company's stock after buying an additional 132,600 shares during the quarter. Oberweis Asset Management Inc. owned approximately 1.10% of IMAX worth $14,838,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 561 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in IMAX by 415.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,236 shares of the company's stock worth $185,000 after buying an additional 5,832 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in IMAX during the fourth quarter worth approximately $217,000. Cornerstone Investment Partners LLC acquired a new position in IMAX during the fourth quarter worth approximately $248,000. Finally, Savant Capital LLC purchased a new position in shares of IMAX during the fourth quarter worth about $249,000. Institutional investors and hedge funds own 93.51% of the company's stock.
IMAX Stock Up 2.6 %
Shares of IMAX stock opened at $24.12 on Thursday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 49.23, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91. The business has a fifty day simple moving average of $24.83 and a 200-day simple moving average of $24.25. IMAX Co. has a fifty-two week low of $14.94 and a fifty-two week high of $27.77.
IMAX (NYSE:IMAX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.14). The company had revenue of $92.67 million for the quarter, compared to analysts' expectations of $104.08 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%. Analysts anticipate that IMAX Co. will post 0.91 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Rosenblatt Securities restated a "buy" rating and set a $35.00 price objective on shares of IMAX in a research report on Thursday, April 10th. Macquarie increased their target price 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 upped their price objective 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 IMAX from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Benchmark reaffirmed a "buy" rating and set a $30.00 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, IMAX currently has an average rating of "Moderate Buy" and a consensus price target of $30.56.
Read Our Latest Stock Report on IMAX
IMAX Profile
(
Free Report)
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.
Further Reading
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