Imax Corporation (IMAX) Reaches 52-Week High

Imax Corporation (IMAX) Reaches 52-Week High

The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Accern also assigned news coverage about the company an impact score of 44.7905660443617 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Here is the rundown on market activity for Imax Corporation (NYSE:IMAX).

A number of large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in Imax Corporation by 4.0% in the first quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Imax Corporation by 78.9% in the first quarter. IL now owns 94,231 shares of the company's stock worth $3,203,000 after buying an additional 1,408 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Imax Corporation during the first quarter valued at about $1,504,000. Laurion Capital Management LP purchased a new stake in Imax Corporation during the first quarter worth approximately $326,000. Franklin Resources Inc. boosted its stake in Imax Corporation by 33.4% in the second quarter.

The company has a market cap of $1.23 billion, a PE ratio of 128.38 and a beta of 0.90. The stock last traded at $19.00 which is quite a bit below $21.42, the stock's 50 day moving average and which is well below the 200 day moving average of $28.21.

COPYRIGHT VIOLATION NOTICE: "Imax Corporation (IMAX) Sets New 1-Year Low Following Insider Selling" was first posted by BNB Daily and is owned by of BNB Daily.

Imax Corporation (NYSE:IMAX) last announced its earnings results on Wednesday, July 26th. The value of the company's investment in Imax Corporation went from $978,000 to $925,000 a change of 5.4% quarter over quarter. The business had revenue of $87.76 million for the quarter, compared to analyst estimates of $89.26 million. During the same quarter in the prior year, the firm posted $0.18 EPS. The firm's revenue was down 4.3% on a year-over-year basis. Analysts forecast that Imax Corporation will post $0.62 EPS for the current year.

Imax Corporation declared that its Board of Directors has initiated a share buyback program on Monday, June 12th that permits the company to repurchase $200.00 million in outstanding shares.

The company is down by -3.06% since yesterday's close of $19.6.

TRADEMARK VIOLATION WARNING: "Imax Corporation (NYSE:IMAX) Earns News Impact Rating of 0.13" was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States and worldwide copyright laws. The legal version of this story can be read at Patrick Mcclymont, CFO & EVP, Finance reported the sale of 1,760 shares of (IMAX). J P Morgan Chase & Co reissued a "neutral" rating and set a $27.00 target price on shares of Imax Corporation in a research note on Thursday, August 3rd.

On June 7 the company was downgraded from "Buy" to "Hold" in a report from Benchmark. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. Imax Corporation now has an average rating of "Hold" and a consensus target price of $34.82. Patrick Mcclymont, CFO & EVP, Finance let go of $36,080 worth of shares at an average price of $20.50 on Wednesday the 9th.

In other Imax Corporation news, Director Eric A. Demirian sold 2,670 shares of Imax Corporation stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $25.10, for a total value of $67,017.00. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued. The disclosure for this sale can be found here. Hedge funds and other institutional investors own 89.54% of the company's stock.

IMAX Corporation, launched on January 1, 2002, is an entertainment technology company.