43,000 Shares in IMAX Corporation $IMAX Purchased by Militia Capital Management LLC

Militia Capital Management LLC acquired a new position in IMAX Corporation (NYSE:IMAX) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 43,000 shares of the company’s stock, valued at approximately $1,634,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IMAX. Orbis Allan Gray Ltd boosted its position in shares of IMAX by 31.7% during the second quarter. Orbis Allan Gray Ltd now owns 5,113,033 shares of the company’s stock valued at $142,960,000 after buying an additional 1,230,267 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of IMAX by 44.6% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,346,486 shares of the company’s stock worth $86,726,000 after buying an additional 723,861 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of IMAX by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,237,230 shares of the company’s stock worth $47,026,000 after acquiring an additional 23,401 shares during the last quarter. Nantahala Capital Management LLC lifted its stake in shares of IMAX by 24.9% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,133,993 shares of the company’s stock worth $31,706,000 after acquiring an additional 225,742 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in IMAX by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,104,071 shares of the company’s stock valued at $40,806,000 after acquiring an additional 20,079 shares during the period. 93.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IMAX shares. Benchmark reiterated a “buy” rating on shares of IMAX in a research report on Monday, June 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $47.00 price objective on shares of IMAX in a research report on Monday, July 20th. Barrington Research raised their target price on shares of IMAX from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Wells Fargo & Company boosted their price target on IMAX from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Roth Capital increased their price objective on IMAX from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, IMAX has a consensus rating of “Moderate Buy” and an average price target of $50.36.

IMAX Stock Performance

NYSE IMAX opened at $47.76 on Monday. IMAX Corporation has a one year low of $24.20 and a one year high of $48.74. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 66.33, a price-to-earnings-growth ratio of 1.58 and a beta of 0.37. The company’s 50-day simple moving average is $41.22 and its two-hundred day simple moving average is $38.50.

IMAX (NYSE:IMAX) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.13. The firm had revenue of $102.84 million during the quarter, compared to analysts’ expectations of $96.09 million. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. Equities analysts expect that IMAX Corporation will post 1.44 earnings per share for the current fiscal year.

More IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: “The Odyssey” demand is extending IMAX revenue opportunities. Multiple reports say Christopher Nolan’s film is selling out 70mm IMAX screenings weeks in advance, prompting theaters to add showtimes and extend the film’s run. That indicates strong pricing power, high screen utilization and continued audience interest in IMAX’s premium presentation. Forbes article on extended The Odyssey IMAX screenings
• Positive Sentiment: Broad theater-level momentum is being reported. IMAX venues in Kingsport and West Michigan are preparing for busy blockbuster weekends, while local coverage confirms extended runs for “The Odyssey.” These reports suggest the demand is widespread rather than limited to a single market. WOOD TV article on The Odyssey IMAX run
• Positive Sentiment: The film’s production is reinforcing IMAX brand value. Coverage highlighting that “The Odyssey” was created entirely in 70mm IMAX presents the format as an essential part of the theatrical experience, potentially encouraging future filmmaker partnerships and premium ticket demand. Mashable article on extended 70mm IMAX screenings
• Neutral Sentiment: Analyst-oriented coverage from Zacks identifies IMAX as a long-term momentum stock, consistent with its strong price performance and recent earnings beat. However, the stock’s elevated valuation means further gains may depend on sustained box-office strength and execution. Zacks IMAX momentum stock analysis

IMAX Profile

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.