Dupont Capital Management Corp Invests $664,000 in Imax Corp (IMAX)

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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.

In related news, insider Robert D. Lister sold 3,558 shares of the business’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $18.28, for a total transaction of $65,040.24. Following the transaction, the insider now directly owns 36,247 shares in the company, valued at $662,595.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Greg Foster sold 3,567 shares of the business’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $18.28, for a total transaction of $65,204.76. Following the transaction, the chief executive officer now owns 94,641 shares in the company, valued at $1,730,037.48. The disclosure for this sale can be found here. In the last three months, insiders sold 7,862 shares of company stock worth $143,755. 18.70% of the stock is currently owned by insiders.

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.

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Imax Profile

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.

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Institutional Ownership by Quarter for Imax (NYSE:IMAX)

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