Jump Financial LLC Purchases New Holdings in IMAX Co. (NYSE:IMAX)

Jump Financial LLC acquired a new position in IMAX Co. (NYSE:IMAX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 71,353 shares of the company’s stock, valued at approximately $1,827,000. Jump Financial LLC owned 0.14% of IMAX as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in IMAX by 14.2% during the fourth quarter. FMR LLC now owns 4,508,583 shares of the company’s stock valued at $115,420,000 after buying an additional 558,940 shares during the period. Wells Fargo & Company MN increased its holdings in shares of IMAX by 45.4% in the 4th quarter. Wells Fargo & Company MN now owns 624,510 shares of the company’s stock valued at $15,987,000 after purchasing an additional 194,917 shares during the period. Vanguard Group Inc. lifted its position in shares of IMAX by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 612,115 shares of the company’s stock worth $15,670,000 after purchasing an additional 60,762 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of IMAX by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 498,135 shares of the company’s stock worth $12,752,000 after purchasing an additional 5,826 shares during the period. Finally, Pier Capital LLC increased its stake in IMAX by 132.6% in the 4th quarter. Pier Capital LLC now owns 478,760 shares of the company’s stock valued at $12,256,000 after buying an additional 272,949 shares during the period. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IMAX has been the subject of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 price target on shares of IMAX in a research note on Thursday, April 10th. Barrington Research upped their price target on shares of IMAX from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Macquarie upped their target price on shares of IMAX from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. StockNews.com downgraded IMAX from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Wells Fargo & Company lifted their target price on shares of IMAX from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, IMAX has an average rating of “Moderate Buy” and an average price target of $30.56.

IMAX Stock Performance

Shares of NYSE:IMAX opened at $22.47 on Friday. IMAX Co. has a twelve month low of $14.94 and a twelve month high of $27.77. The firm has a market cap of $1.19 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91. The business has a fifty day moving average of $25.03 and a 200-day moving average of $24.18.

IMAX (NYSE:IMAX) last released its earnings results on Wednesday, February 19th. The company reported $0.17 earnings per share 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 the consensus estimate of $104.08 million. IMAX had a return on equity of 8.60% and a net margin of 7.40%. On average, analysts anticipate that IMAX Co. will post 0.91 EPS for the current fiscal year.

IMAX Profile

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.