First Mercantile Trust Co. bought a new stake in Imax Corp (NYSE:IMAX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,955 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Imax in the second quarter valued at approximately $539,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Imax by 5.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 99,100 shares of the company’s stock valued at $2,181,000 after acquiring an additional 5,500 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Imax by 98.4% in the third quarter. Cubist Systematic Strategies LLC now owns 56,251 shares of the company’s stock valued at $1,274,000 after acquiring an additional 27,893 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Imax in the second quarter valued at approximately $12,359,000. Finally, Cortina Asset Management LLC lifted its stake in Imax by 13.0% in the third quarter. Cortina Asset Management LLC now owns 396,434 shares of the company’s stock valued at $8,979,000 after purchasing an additional 45,706 shares during the last quarter. 81.54% of the stock is owned by institutional investors.

Several equities analysts recently commented on IMAX shares. ValuEngine downgraded Imax from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Piper Jaffray Companies downgraded Imax from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $28.00 to $21.00 in a research note on Wednesday, January 10th. Wedbush reiterated a “buy” rating and issued a $31.00 price objective on shares of Imax in a research note on Friday, October 27th. JPMorgan Chase & Co. upgraded Imax from a “neutral” rating to an “overweight” rating in a research note on Friday, October 27th. Finally, B. Riley reiterated a “buy” rating and issued a $35.00 price objective on shares of Imax in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Imax has an average rating of “Hold” and an average target price of $29.30.

In other Imax news, insider Robert D. Lister sold 3,528 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $23.97, for a total transaction of $84,566.16. Following the sale, the insider now owns 35,594 shares in the company, valued at $853,188.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Greg Foster sold 3,566 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $23.97, for a total value of $85,477.02. Following the sale, the chief executive officer now owns 74,696 shares in the company, valued at approximately $1,790,463.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,050 shares of company stock worth $425,276. Company insiders own 18.90% of the company’s stock.

Imax Corp (NYSE IMAX) opened at $21.05 on Wednesday. Imax Corp has a 12 month low of $17.58 and a 12 month high of $34.60. The company has a market capitalization of $1,346.90, a P/E ratio of 233.91, a P/E/G ratio of 1.22 and a beta of 0.94.

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Imax Profile

IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.

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Institutional Ownership by Quarter for Imax (NYSE:IMAX)

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