Public Employees Retirement System of Ohio Buys Shares of 75,822 IMAX Co. (NYSE:IMAX)

Public Employees Retirement System of Ohio acquired a new stake in IMAX Co. (NYSE:IMAX - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 75,822 shares of the company's stock, valued at approximately $1,555,000. Public Employees Retirement System of Ohio owned about 0.14% of IMAX as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank bought a new stake in shares of IMAX during the third quarter valued at about $34,000. Headlands Technologies LLC bought a new stake in shares of IMAX during the 2nd quarter worth about $35,000. Quarry LP lifted its stake in shares of IMAX by 78,333.3% in the 3rd quarter. Quarry LP now owns 2,353 shares of the company's stock worth $48,000 after acquiring an additional 2,350 shares during the period. nVerses Capital LLC bought a new position in shares of IMAX in the third quarter valued at approximately $70,000. Finally, Summit Securities Group LLC acquired a new position in shares of IMAX during the second quarter valued at approximately $80,000. 93.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IMAX shares. StockNews.com downgraded IMAX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Roth Mkm upped their price target 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. Rosenblatt Securities reiterated a "buy" rating and set a $28.00 price target on shares of IMAX in a report on Thursday, October 31st. Benchmark boosted their price objective on shares of IMAX from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, Wedbush restated an "outperform" rating on shares of IMAX in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, IMAX has a consensus rating of "Moderate Buy" and a consensus target price of $25.11.

Insider Activity at IMAX

In other IMAX news, CFO Natasha Fernandes sold 2,957 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.52, for a total value of $75,462.64. Following the completion of the transaction, the chief financial officer now directly owns 14,883 shares of the company's stock, valued at approximately $379,814.16. The trade was a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Lister sold 55,910 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $25.50, for a total transaction of $1,425,705.00. Following the completion of the transaction, the executive vice president now owns 138,889 shares of the company's stock, valued at $3,541,669.50. This trade represents a 28.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,176 shares of company stock worth $1,662,110. Company insiders own 24.08% of the company's stock.

IMAX Trading Up 0.8 %

IMAX stock traded up $0.20 on Thursday, reaching $24.85. 764,496 shares of the stock were exchanged, compared to its average volume of 747,384. The stock has a market cap of $1.31 billion, a PE ratio of 56.48, a PEG ratio of 1.69 and a beta of 1.23. The firm has a fifty day moving average price of $23.95 and a two-hundred day moving average price of $20.66. IMAX Co. has a twelve month low of $13.20 and a twelve month high of $26.84.

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