XTX Topco Ltd Purchases Shares of 16,736 IMAX Co. (NYSE:IMAX)

XTX Topco Ltd purchased a new position in shares of IMAX Co. (NYSE:IMAX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,736 shares of the company's stock, valued at approximately $428,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake 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 period. Wealthfront Advisers LLC purchased a new stake in IMAX during the fourth quarter valued at about $217,000. Cornerstone Investment Partners LLC bought a new position in IMAX during the fourth quarter worth about $248,000. Savant Capital LLC bought a new stake in shares of IMAX in the fourth quarter valued at approximately $249,000. Finally, US Bancorp DE lifted its stake in shares of IMAX by 60.3% during the 4th quarter. US Bancorp DE now owns 12,276 shares of the company's stock valued at $314,000 after buying an additional 4,620 shares in the last quarter. 93.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IMAX. Rosenblatt Securities reissued a "buy" rating and set a $35.00 target price on shares of IMAX in a report on Thursday. Barrington Research restated an "outperform" rating and issued a $32.00 target price on shares of IMAX in a research note on Thursday. Benchmark reiterated a "buy" rating and set a $30.00 price target on shares of IMAX in a research report on Thursday, April 10th. Wells Fargo & Company cut their price objective on shares of IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Macquarie increased their target price on shares of IMAX from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $30.56.

IMAX Trading Up 2.6 %

Shares of NYSE:IMAX traded up $0.60 on Friday, reaching $23.89. 1,068,783 shares of the company traded hands, compared to its average volume of 761,989. IMAX Co. has a 52 week low of $14.94 and a 52 week high of $27.77. The business's 50-day simple moving average is $24.70 and its 200 day simple moving average is $24.30. The stock has a market capitalization of $1.27 billion, a P/E ratio of 48.76, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91.

IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.14). The company had revenue of $92.67 million during 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%. Sell-side analysts expect that IMAX Co. will post 0.91 EPS for the current fiscal year.

IMAX 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.