Dupont Capital Management Corp purchased a new position in shares of Imax Corp (NYSE:IMAX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 35,314 shares of the company’s stock, valued at approximately $664,000. Dupont Capital Management Corp owned 0.06% of Imax at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System grew its position in shares of Imax by 2.9% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 23,751 shares of the company’s stock worth $447,000 after buying an additional 660 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Imax by 3.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 65,500 shares of the company’s stock worth $1,232,000 after buying an additional 2,000 shares during the period. Becker Capital Management Inc. grew its position in shares of Imax by 0.3% during the 3rd quarter. Becker Capital Management Inc. now owns 1,087,805 shares of the company’s stock worth $28,065,000 after buying an additional 2,890 shares during the period. Point72 Hong Kong Ltd grew its position in shares of Imax by 185.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,921 shares of the company’s stock worth $153,000 after buying an additional 3,847 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of Imax during the 3rd quarter worth approximately $113,000. Institutional investors own 76.97% of the company’s stock.
Several research firms recently weighed in on IMAX. Zacks Investment Research raised shares of Imax from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Monday, December 31st. B. Riley set a $34.00 price objective on shares of Imax and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Canaccord Genuity reduced their price objective on shares of Imax from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Wedbush reissued an “outperform” rating on shares of Imax in a research note on Wednesday, January 30th. Finally, ValuEngine raised shares of Imax from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.56.
Shares of IMAX stock opened at $21.06 on Thursday. The firm has a market capitalization of $1.29 billion, a PE ratio of 117.00, a price-to-earnings-growth ratio of 1.35 and a beta of 1.00. Imax Corp has a 12 month low of $17.55 and a 12 month high of $26.10.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Week Herald and is owned by of Week Herald. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://weekherald.com/2019/02/14/dupont-capital-management-corp-invests-664000-in-imax-corp-imax.html.
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It offers cinematic solution comprising proprietary software, theater architecture, and equipment. The company engages in Digital Re-Mastering (DMR) of films into the IMAX format for exhibition in the IMAX theater network; the provision of IMAX premium theater systems to exhibitor customers through sales, long-term leases, or joint revenue sharing arrangements; the distribution of documentary films; the provision of production technical support and film post-production services; the ownership and operation of IMAX theaters; and the provision of camera and other miscellaneous items rental services.
Recommended Story: What is Cost of Capital?
Want to see what other hedge funds are holding IMAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imax Corp (NYSE:IMAX).
Receive News & Ratings for Imax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imax and related companies with MarketBeat.com's FREE daily email newsletter.