Royce & Associates LP Acquires 54,850 Shares of IMAX Co. (NYSE:IMAX)

Royce & Associates LP increased its position in shares of IMAX Co. (NYSE:IMAX - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,822,616 shares of the company's stock after purchasing an additional 54,850 shares during the period. Royce & Associates LP owned approximately 3.46% of IMAX worth $37,382,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research firms recently issued reports on IMAX. JPMorgan Chase & Co. increased their price target on shares of IMAX from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Barrington Research reiterated an "outperform" rating and issued a $24.00 price target on shares of IMAX in a research note on Thursday, October 31st. Roth Mkm upped their price objective on IMAX from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. StockNews.com raised shares of IMAX from a "hold" rating to a "buy" rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn raised shares of IMAX to a "strong-buy" rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, IMAX presently has a consensus rating of "Moderate Buy" and an average price target of $24.22.

IMAX Stock Down 1.4 %

Shares of IMAX stock traded down $0.35 during trading hours on Friday, hitting $24.21. 221,510 shares of the company's stock traded hands, compared to its average volume of 767,542. The stock has a market cap of $1.28 billion, a PE ratio of 55.36, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The stock's 50 day simple moving average is $21.31 and its 200 day simple moving average is $19.15. IMAX Co. has a 12 month low of $13.20 and a 12 month high of $25.28.

IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.35 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 business's revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. As a group, equities research analysts expect that IMAX Co. will post 0.76 EPS for the current fiscal 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.