1 week Ago By Defense World Staff
Corebridge Financial Inc. decreased its position in IMAX Co. ( NYSE:IMAX – Free Report ) by 7.
0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,314 shares of the company’s stock after selling 1,609 shares during the quarter. Corebridge Financial Inc.
’s holdings in IMAX were worth $546,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc.
raised its position in shares of IMAX by 138.5% in the fourth quarter. Blue Trust Inc.
now owns 966 shares of the company’s stock valued at $25,000 after buying an additional 561 shares during the last quarter. Quarry LP raised its holdings in IMAX by 78,333.3% in the 3rd quarter.
Quarry LP now owns 2,353 shares of the company’s stock valued at $48,000 after acquiring an additional 2,350 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of IMAX during the 4th quarter worth $217,000. Cornerstone Investment Partners LLC acquired a new stake in shares of IMAX during the fourth quarter worth $248,000.
Finally, Savant Capital LLC acquired a new stake in shares of IMAX during the fourth quarter worth $249,000. 93.51% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several research firms recently weighed in on IMAX. JPMorgan Chase & Co. increased their target price on IMAX from $25.
00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Rosenblatt Securities increased their price objective on shares of IMAX from $28.
00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Wedbush reissued an “outperform” rating and issued a $32.
00 target price on shares of IMAX in a research report on Thursday, February 20th. StockNews.com lowered shares of IMAX from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th.
Finally, Wells Fargo & Company lifted their price target on shares of IMAX from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, February 20th.
Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, IMAX presently has an average rating of “Moderate Buy” and a consensus price target of $30.67.
IMAX Trading Up 0.6 % NYSE:IMAX opened at $24.46 on Tuesday.
The firm’s fifty day simple moving average is $25.50 and its 200 day simple moving average is $24.09.
IMAX Co. has a twelve month low of $14.94 and a twelve month high of $27.
77. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 49.
93, a PEG ratio of 1.49 and a beta of 0.91.
IMAX ( NYSE:IMAX – Get Free Report ) last posted its earnings results on Wednesday, February 19th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.
31 by ($0.14). The firm had revenue of $92.
67 million for the quarter, compared to analyst estimates of $104.08 million. IMAX had a return on equity of 8.
60% and a net margin of 7.40%. On average, analysts predict that IMAX Co.
will post 0.91 earnings per share for the current year. IMAX Company Profile ( Free Report ) IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide.
The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies. See Also Five stocks we like better than IMAX Canada Bond Market Holiday: How to Invest and Trade Options Activity Points to More Volatility for Palantir Stock How to Short a Stock in 5 Easy Steps NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? What Are Trending Stocks? Trending Stocks Explained MicroStrategy Sees Insider Buy-Sell Action in Q1 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.
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