IMAX Corporation $IMAX Shares Newly Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of IMAX Corporation (NYSE:IMAX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 106,460 shares of the company’s stock, valued at approximately $5,834,000.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of IMAX during the 2nd quarter worth approximately $115,881,000. Dimensional Fund Advisors LP lifted its holdings in shares of IMAX by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,237,230 shares of the company’s stock worth $47,026,000 after buying an additional 23,401 shares in the last quarter. Wellington Management Group LLP lifted its stake in IMAX by 51.8% in the 2nd quarter. Wellington Management Group LLP now owns 800,193 shares of the company’s stock worth $31,896,000 after purchasing an additional 273,122 shares in the last quarter. Nantahala Capital Management LLC bought a new position in IMAX in the 2nd quarter valued at $26,228,239. Finally, Bank of America Corp DE purchased a new position in shares of IMAX during the 2nd quarter valued at $17,420,000. Hedge funds and other institutional investors own 93.51% of the company’s stock.

Insider Transactions at IMAX

In other IMAX news, VP Robert Lister sold 22,500 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $51.58, for a total transaction of $1,160,550.00. Following the completion of the sale, the vice president directly owned 182,375 shares in the company, valued at $9,406,902.50. The trade was a 10.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $1,092,600.00. Following the sale, the chief financial officer directly owned 35,596 shares of the company’s stock, valued at $1,944,609.48. The trade was a 35.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 507,257 shares of company stock valued at $26,673,571. Company insiders own 20.55% of the company’s stock.

IMAX Price Performance

NYSE IMAX opened at $47.98 on Friday. IMAX Corporation has a 1-year low of $32.71 and a 1-year high of $57.73. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.00 and a beta of 0.54. The business’s fifty day moving average price is $51.92 and its 200-day moving average price is $43.47.

IMAX (NYSE:IMAX) last posted its quarterly earnings data on Thursday, November 5th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $1.19. IMAX had a return on equity of 35.15% and a net margin of 27.70%. The company had revenue of $174.55 million during the quarter, compared to analysts’ expectations of $168.53 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. IMAX’s revenue for the quarter was up 63.6% compared to the same quarter last year. Equities research analysts anticipate that IMAX Corporation will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barrington Research upped their price target on shares of IMAX from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. The Goldman Sachs Group lifted their price objective on shares of IMAX from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Wall Street Zen upgraded IMAX from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of IMAX in a research report on Wednesday, October 14th. Finally, Wells Fargo & Company decreased their price target on shares of IMAX from $55.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.08.

IMAX Profile

IMAX Corporation develops and operates technology and services for premium large-format cinema. Its offerings include specialized projection and sound systems, theater design and installation, and tools for remastering films for presentation on IMAX screens. The company also works with filmmakers and studios to release movies in the IMAX format, and it distributes documentary and feature-film content to its theater network. IMAX systems are used in commercial cinemas and in select educational and institutional venues.