Strs Ohio Lowers Position in IMAX Corporation $IMAX

Strs Ohio decreased its position in shares of IMAX Corporation (NYSE:IMAX) by 52.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,400 shares of the company’s stock after selling 119,600 shares during the quarter. Strs Ohio’s holdings in IMAX were worth $4,006,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Aurora Investment Counsel lifted its stake in shares of IMAX by 0.4% in the 3rd quarter. Aurora Investment Counsel now owns 70,235 shares of the company’s stock valued at $2,300,000 after purchasing an additional 308 shares during the period. Jones Financial Companies Lllp boosted its holdings in IMAX by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock worth $34,000 after buying an additional 317 shares in the last quarter. GAMMA Investing LLC grew its position in IMAX by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock valued at $69,000 after buying an additional 342 shares during the period. Arizona State Retirement System increased its holdings in IMAX by 2.8% in the third quarter. Arizona State Retirement System now owns 13,517 shares of the company’s stock valued at $443,000 after buying an additional 364 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in IMAX in the third quarter valued at $27,000. 93.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: High‑profile release momentum — Christopher Nolan unveiled a new trailer for The Odyssey, billed as a global IMAX epic; a Nolan title materially increases the chance of premium IMAX screen bookings and strong ticket premiums. Christopher Nolan unveils new trailer for ‘The Odyssey,’ a global IMAX epic | WATCH
• Positive Sentiment: Franchise previews driving premium attendance — IMAX audiences received an exclusive Mandalorian & Grogu clip at preview events, signaling continued demand from franchise content that typically drives outsized premium ticket revenue. New ‘Mandalorian and Grogu’ clip drops as IMAX audiences preview opening scenes
• Positive Sentiment: New experiential content — Apple’s F1 Live in IMAX highlights IMAX’s ability to host live/alternative content and broaden revenue beyond traditional films, which supports utilization of premium auditoriums. Apple’s ‘F1 Live in IMAX’ offers fans a novel perspective
• Positive Sentiment: Network expansion — IMAX and Hoyts signed a deal for a 10‑site expansion in Australia, adding screens in a fast‑growing market and supporting medium‑term revenue growth. Hoyts and Imax pen deal for 10-site expansion
• Positive Sentiment: Analyst coverage and price targets — recent analyst commentary includes an average price target of $43.70, which may support bullish positioning from investors. IMAX Corporation (NYSE:IMAX) Receives $43.70 Average PT from Analysts
• Neutral Sentiment: Investor access/upcoming investor events — IMAX announced CFO Natasha Fernandes will present at J.P. Morgan’s Global TMT Conference (May 19) and hold one‑on‑ones, increasing transparency and potentially reducing information asymmetry. IMAX to Present at J.P. Morgan’s 2026 Global Technology, Media and Communications Conference
• Neutral Sentiment: Sector tailwinds — a broader theatrical rebound (e.g., strong box office at peers) benefits IMAX indirectly by boosting exhibition demand, though impacts are company‑ and slate‑specific. A Prada Payday: Is AMC Back in Style? (IMAX)
• Negative Sentiment: Revenue and margin pressure — Q1 beat on EPS but revenue declined year‑over‑year and margins were hit by China headwinds and network expansion costs, a near‑term drag on free cash flow and valuation. IMAX Shares Decline 4% Despite Q1 Earnings Beat, Revenues Down Y/Y
• Negative Sentiment: Content distribution friction — IMAX’s CFO labeled Disney’s “Infinity Vision” format a “marketing play” after Avengers: Doomsday missed IMAX screens, highlighting risks that some studio initiatives may bypass IMAX or reduce screen share for certain blockbusters. IMAX CFO Calls Disney’s Infinity Vision Format As “Marketing Play” After ‘Avengers: Doomsday’ Missed Out On IMAX Screens

Wall Street Analyst Weigh In

IMAX has been the topic of several recent analyst reports. Barrington Research increased their target price on shares of IMAX from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday. Benchmark lifted their price target on IMAX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Seaport Research Partners upped their price target on IMAX from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. lowered their price target on IMAX from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Finally, Wedbush reissued an “outperform” rating and issued a $46.00 price objective on shares of IMAX in a report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

IMAX Stock Up 1.4%

IMAX stock opened at $35.75 on Wednesday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 54.99, a P/E/G ratio of 1.54 and a beta of 0.37. The firm has a 50-day simple moving average of $38.18 and a 200-day simple moving average of $36.52. IMAX Corporation has a 52 week low of $23.91 and a 52 week high of $43.16.

IMAX (NYSE:IMAX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. IMAX had a net margin of 9.08% and a return on equity of 13.61%. The firm had revenue of $81.38 million for the quarter, compared to analyst estimates of $79.82 million. During the same period last year, the company posted $0.13 EPS. IMAX’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts expect that IMAX Corporation will post 1.33 earnings per share for the current year.

Insider Activity

In other IMAX news, insider Kevin Douglas sold 330,200 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $37.82, for a total value of $12,488,164.00. Following the completion of the sale, the insider owned 3,657,450 shares in the company, valued at approximately $138,324,759. This represents a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard L. Gelfond sold 135,046 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $37.82, for a total transaction of $5,107,439.72. Following the completion of the transaction, the chief executive officer directly owned 765,002 shares in the company, valued at $28,932,375.64. This trade represents a 15.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,054,284 shares of company stock worth $40,062,532. Insiders own 20.55% of the company’s stock.

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.