Trexquant Investment LP Acquires 23,876 Shares of IMAX Co. (NYSE:IMAX)

Trexquant Investment LP lifted its stake in IMAX Co. (NYSE:IMAX - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 220,452 shares of the company's stock after acquiring an additional 23,876 shares during the quarter. Trexquant Investment LP owned 0.42% of IMAX worth $5,644,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of IMAX by 108.4% in the third quarter. FMR LLC now owns 3,949,643 shares of the company's stock valued at $81,007,000 after buying an additional 2,054,031 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of IMAX during the fourth quarter worth about $9,143,000. Lord Abbett & CO. LLC acquired a new position in shares of IMAX in the third quarter valued at approximately $6,322,000. Pier Capital LLC increased its stake in IMAX by 132.6% during the 4th quarter. Pier Capital LLC now owns 478,760 shares of the company's stock worth $12,256,000 after buying an additional 272,949 shares during the period. Finally, Castleark Management LLC acquired a new stake in IMAX during the 3rd quarter worth approximately $5,199,000. Institutional investors and hedge funds own 93.51% of the company's stock.

IMAX Stock Performance

IMAX stock traded down $1.18 during trading on Thursday, reaching $22.27. 459,392 shares of the company's stock were exchanged, compared to its average volume of 741,071. IMAX Co. has a 52-week low of $14.94 and a 52-week high of $27.77. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 1.49 and a beta of 0.91. The company's 50-day moving average is $25.46 and its two-hundred day moving average is $24.12.

IMAX (NYSE:IMAX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.14). The business had revenue of $92.67 million for the quarter, compared to analysts' expectations of $104.08 million. IMAX had a return on equity of 8.60% and a net margin of 7.40%. Analysts anticipate that IMAX Co. will post 0.91 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on IMAX shares. Rosenblatt Securities restated a "buy" rating and set a $35.00 price target on shares of IMAX in a report on Thursday. Wedbush reiterated an "outperform" rating and set a $32.00 price target on shares of IMAX in a research note on Thursday, February 20th. Macquarie raised their price target on IMAX from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company upped their price target on shares of IMAX from $26.00 to $32.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Finally, Benchmark reiterated a "buy" rating and issued a $30.00 target price on shares of IMAX in a research note on Thursday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.67.

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.