IMAX Co. (NYSE:IMAX) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in shares of IMAX Co. (NYSE:IMAX - Free Report) by 57,406.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,206 shares of the company's stock after buying an additional 55,110 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of IMAX worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of IMAX. Lord Abbett & CO. LLC acquired a new position in shares of IMAX during the 3rd quarter worth approximately $6,322,000. SG Americas Securities LLC purchased a new stake in IMAX during the 4th quarter worth about $333,000. Janney Montgomery Scott LLC lifted its holdings in IMAX by 1.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,176 shares of the company's stock valued at $747,000 after purchasing an additional 533 shares in the last quarter. Hedges Asset Management LLC grew its holdings in shares of IMAX by 3.1% during the fourth quarter. Hedges Asset Management LLC now owns 83,600 shares of the company's stock worth $2,140,000 after buying an additional 2,500 shares in the last quarter. Finally, Blue Trust Inc. raised its position 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 buying an additional 561 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IMAX. Benchmark reissued a "buy" rating and set a $30.00 price target on shares of IMAX in a research note on Thursday, April 10th. StockNews.com lowered IMAX from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Wells Fargo & Company dropped their price objective on shares of IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday. Rosenblatt Securities reissued a "buy" rating and issued a $35.00 target price on shares of IMAX in a research report on Thursday. Finally, Barrington Research reaffirmed an "outperform" rating and set a $32.00 price target on shares of IMAX in a research report on Thursday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, IMAX has a consensus rating of "Moderate Buy" and an average target price of $30.33.

IMAX Stock Performance

Shares of NYSE:IMAX traded down $0.59 during trading on Thursday, hitting $23.51. The company's stock had a trading volume of 1,510,873 shares, compared to its average volume of 771,710. IMAX Co. has a fifty-two week low of $14.94 and a fifty-two week high of $27.77. The company has a market capitalization of $1.25 billion, a PE ratio of 47.80, a PEG ratio of 1.49 and a beta of 0.91. The stock's 50-day moving average price is $24.83 and its two-hundred day moving average price is $24.25.

IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.14). The firm had revenue of $92.67 million during the quarter, compared to the consensus estimate of $104.08 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%. On average, equities analysts predict that IMAX Co. will post 0.91 earnings per share 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.