PEAK6 Investments LLC Has $1.14 Million Holdings in IMAX Co. (NYSE:IMAX)

PEAK6 Investments LLC increased its position in shares of IMAX Co. (NYSE:IMAX - Free Report) by 312.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,676 shares of the company's stock after purchasing an additional 42,165 shares during the quarter. PEAK6 Investments LLC owned approximately 0.11% of IMAX worth $1,142,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IMAX. Huntington National Bank acquired a new position in shares of IMAX in the 3rd quarter worth approximately $34,000. Headlands Technologies LLC bought a new stake in shares of IMAX during the second quarter worth $35,000. nVerses Capital LLC acquired a new stake in shares of IMAX in the third quarter valued at $70,000. Summit Securities Group LLC bought a new position in shares of IMAX in the second quarter valued at about $80,000. Finally, Laurus Investment Counsel Inc. acquired a new position in IMAX during the 2nd quarter worth about $150,000. 93.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IMAX has been the topic of a number of research reports. Roth Mkm upped their target price on shares of IMAX from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on IMAX from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Rosenblatt Securities restated a "buy" rating and set a $28.00 target price on shares of IMAX in a research report on Thursday, October 31st. StockNews.com cut IMAX from a "buy" rating to a "hold" rating in a report on Friday. Finally, Wedbush restated an "outperform" rating on shares of IMAX in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, IMAX has a consensus rating of "Moderate Buy" and an average target price of $24.22.

IMAX Trading Down 1.2 %

Shares of NYSE IMAX traded down $0.32 during midday trading on Tuesday, reaching $26.41. The company's stock had a trading volume of 536,942 shares, compared to its average volume of 759,857. IMAX Co. has a fifty-two week low of $13.20 and a fifty-two week high of $26.84. The stock has a 50 day simple moving average of $22.46 and a 200-day simple moving average of $19.90. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 60.02, a PEG ratio of 1.74 and a beta of 1.23.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.12. IMAX had a return on equity of 7.53% and a net margin of 6.74%. The firm had revenue of $91.50 million for the quarter, compared to analyst estimates of $93.71 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that IMAX Co. will post 0.77 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.