Mutual of America Capital Management LLC Acquires 48,266 Shares of IMAX Co. (NYSE:IMAX)

Mutual of America Capital Management LLC grew its holdings in IMAX Co. (NYSE:IMAX) by 44.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 158,022 shares of the company’s stock after purchasing an additional 48,266 shares during the period. Mutual of America Capital Management LLC owned approximately 0.29% of IMAX worth $2,373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Legal & General Group Plc increased its stake in shares of IMAX by 1.4% in the 4th quarter. Legal & General Group Plc now owns 43,759 shares of the company’s stock valued at $642,000 after purchasing an additional 613 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of IMAX by 11.1% in the 1st quarter. SRS Capital Advisors Inc. now owns 6,492 shares of the company’s stock valued at $125,000 after purchasing an additional 650 shares during the last quarter. Becker Capital Management Inc. increased its stake in shares of IMAX by 0.3% in the 1st quarter. Becker Capital Management Inc. now owns 241,941 shares of the company’s stock valued at $4,640,000 after purchasing an additional 834 shares during the last quarter. Sei Investments Co. increased its stake in shares of IMAX by 0.6% in the 2nd quarter. Sei Investments Co. now owns 151,871 shares of the company’s stock valued at $2,580,000 after purchasing an additional 943 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of IMAX by 8.9% in the 3rd quarter. Arizona State Retirement System now owns 13,212 shares of the company’s stock valued at $255,000 after purchasing an additional 1,085 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

Insider Activity

In other news, VP Robert D. Lister sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $16.87, for a total value of $421,750.00. Following the transaction, the vice president now directly owns 138,889 shares of the company’s stock, valued at approximately $2,343,057.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IMAX. The Goldman Sachs Group cut their price objective on IMAX from $15.00 to $13.00 and set a “sell” rating on the stock in a report on Thursday, January 11th. Benchmark reissued a “buy” rating and set a $22.00 price objective on shares of IMAX in a report on Tuesday. Wedbush reissued an “outperform” rating and set a $22.00 price objective on shares of IMAX in a report on Thursday. B. Riley cut their price objective on IMAX from $27.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. cut their target price on IMAX from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.57.

IMAX Trading Up 0.1 %

Shares of IMAX opened at $17.14 on Friday. The company has a market capitalization of $907.30 million, a PE ratio of 37.25, a PEG ratio of 1.54 and a beta of 1.25. The stock’s 50-day moving average price is $16.13 and its two-hundred day moving average price is $16.14. IMAX Co. has a 12 month low of $13.20 and a 12 month high of $21.82.

IMAX (NYSE:IMAX) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.12. The company had revenue of $86.02 million for the quarter, compared to the consensus estimate of $85.83 million. IMAX had a return on equity of 9.59% and a net margin of 6.76%. The firm’s revenue was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. Equities research analysts predict that IMAX Co. will post 0.55 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.