Wealthfront Advisers LLC Acquires Shares of 8,463 IMAX Co. (NYSE:IMAX)

Wealthfront Advisers LLC acquired a new stake in shares of IMAX Co. (NYSE:IMAXFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,463 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in IMAX by 138.5% during the 4th quarter. Blue Trust Inc. now owns 966 shares of the company’s stock valued at $25,000 after acquiring an additional 561 shares during the last quarter. Huntington National Bank bought a new position in IMAX during the 3rd quarter valued at $34,000. Quarry LP boosted its stake in IMAX by 78,333.3% during the 3rd quarter. Quarry LP now owns 2,353 shares of the company’s stock valued at $48,000 after acquiring an additional 2,350 shares during the last quarter. Intech Investment Management LLC bought a new position in IMAX during the 3rd quarter valued at $205,000. Finally, Cornerstone Investment Partners LLC bought a new position in IMAX during the 4th quarter valued at $248,000. 93.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $32.00 target price on shares of IMAX in a report on Thursday, February 20th. Barrington Research increased their target price on shares of IMAX from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Macquarie increased their target price on shares of IMAX from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. StockNews.com cut shares of IMAX from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company increased their target price on shares of IMAX from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, IMAX currently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

Read Our Latest Analysis on IMAX

IMAX Stock Up 3.1 %

IMAX stock opened at $24.84 on Tuesday. IMAX Co. has a fifty-two week low of $14.94 and a fifty-two week high of $27.77. The firm’s 50-day simple moving average is $24.64 and its 200 day simple moving average is $23.53. The stock has a market cap of $1.32 billion, a PE ratio of 50.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22.

IMAX (NYSE:IMAXGet Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The firm had revenue of $92.67 million during the quarter, compared to analyst estimates of $104.08 million. IMAX had a return on equity of 8.60% and a net margin of 7.40%. Equities analysts forecast that IMAX Co. will post 0.91 EPS for the current fiscal year.

IMAX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IMAX (NYSE:IMAX)

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