UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in IMAX Corporation $IMAX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in IMAX Corporation (NYSE:IMAX) by 5,002.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,838 shares of the company’s stock after acquiring an additional 138,078 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in IMAX were worth $5,614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IMAX. Hsbc Holdings PLC lifted its position in shares of IMAX by 117.5% during the second quarter. Hsbc Holdings PLC now owns 10,488 shares of the company’s stock worth $424,000 after purchasing an additional 70,268 shares in the last quarter. Wellington Management Group LLP increased its stake in IMAX by 51.8% during the 2nd quarter. Wellington Management Group LLP now owns 800,193 shares of the company’s stock worth $31,896,000 after buying an additional 273,122 shares during the period. Nantahala Capital Management LLC purchased a new stake in IMAX during the 2nd quarter worth approximately $26,228,239. Public Employees Retirement System of Ohio acquired a new stake in IMAX during the 2nd quarter worth approximately $2,273,000. Finally, Bank of America Corp DE acquired a new stake in IMAX during the 2nd quarter worth approximately $17,420,000. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on IMAX shares. The Goldman Sachs Group boosted their price target on shares of IMAX from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Wall Street Zen upgraded IMAX from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $60.00 price target on shares of IMAX in a research report on Friday, May 22nd. Finally, Benchmark reissued a “buy” rating on shares of IMAX in a research report on Monday, June 22nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Insider Buying and Selling at IMAX

In other news, CEO Richard L. Gelfond sold 205,504 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $53.27, for a total value of $10,947,198.08. Following the completion of the sale, the chief executive officer directly owned 765,002 shares of the company’s stock, valued at approximately $40,751,656.54. The trade was a 21.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Natasha Fernandes sold 20,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $54.63, for a total value of $1,092,600.00. Following the completion of the sale, the chief financial officer directly owned 35,596 shares of the company’s stock, valued at approximately $1,944,609.48. This trade represents a 35.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 484,757 shares of company stock worth $25,513,021 over the last 90 days. Corporate insiders own 20.55% of the company’s stock.

Trending Headlines about IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX reported its best summer ever, generating $728 million in worldwide box-office receipts from Memorial Day through Labor Day—up 73% from its prior 2023 record. The company captured a record 5.8% share of the global box office across more than 1,800 screens, highlighting the premium format’s growing importance to studios and moviegoers. IMAX summer box-office record
• Positive Sentiment: Christopher Nolan’s The Odyssey was a major contributor to the record result, approaching a reported $500 million in IMAX receipts. Its record-breaking engagement has also been extended through September, potentially adding further box-office revenue. The Odyssey IMAX run extended
• Positive Sentiment: Disney’s Star Wars franchise is coming to IMAX 70mm for the first time. The planned releases of the original A New Hope for its 50th anniversary and Star Wars: Starfighter could drive premium-format attendance and reinforce IMAX’s ability to secure high-profile event films. Star Wars IMAX 70mm releases
• Positive Sentiment: A new IMAX trailer for Godzilla Minus Zero adds another major franchise title to the upcoming pipeline, supporting expectations for continued demand for large-format screenings. Godzilla Minus Zero IMAX trailer
• Neutral Sentiment: Analyst commentary continues to characterize IMAX as a long-term growth stock, though the coverage is promotional and does not represent a new earnings estimate or formal rating change. Zacks IMAX growth-stock analysis

IMAX Trading Up 1.8%

IMAX stock opened at $52.57 on Wednesday. The stock has a market cap of $2.88 billion, a P/E ratio of 73.01, a PEG ratio of 1.60 and a beta of 0.40. IMAX Corporation has a twelve month low of $30.30 and a twelve month high of $55.57. The company’s 50 day moving average is $46.84 and its two-hundred day moving average is $41.51.

IMAX (NYSE:IMAX) last posted its earnings results on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.13. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The firm had revenue of $102.84 million for the quarter, compared to the consensus estimate of $96.09 million. During the same period last year, the firm posted $0.26 EPS. The company’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts predict that IMAX Corporation will post 1.53 earnings per share for the current year.

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.