Imax Corp (NYSE:IMAX) insider Robert D. Lister sold 15,000 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $22.67, for a total value of $340,050.00. Following the completion of the transaction, the insider now directly owns 51,247 shares of the company’s stock, valued at $1,161,769.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE:IMAX traded down $0.35 during midday trading on Friday, reaching $22.40. The company’s stock had a trading volume of 622,500 shares, compared to its average volume of 801,615. The company has a market cap of $1.42 billion, a P/E ratio of 124.72, a P/E/G ratio of 1.72 and a beta of 0.79. Imax Corp has a 1 year low of $17.58 and a 1 year high of $26.70.

Imax (NYSE:IMAX) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. Imax had a return on equity of 6.37% and a net margin of 4.93%. The business had revenue of $98.35 million during the quarter, compared to the consensus estimate of $98.49 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. research analysts forecast that Imax Corp will post 0.7 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of IMAX. Point72 Asia Hong Kong Ltd purchased a new stake in Imax during the first quarter valued at about $145,000. Ladenburg Thalmann Financial Services Inc. grew its position in Imax by 82.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,800 shares of the company’s stock valued at $150,000 after acquiring an additional 3,520 shares during the period. CIBC World Markets Inc. purchased a new stake in Imax during the first quarter valued at about $194,000. Renaissance Technologies LLC purchased a new stake in Imax during the second quarter valued at about $202,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Imax during the second quarter valued at about $239,000. 82.19% of the stock is owned by hedge funds and other institutional investors.

IMAX has been the subject of a number of recent analyst reports. Zacks Investment Research raised Imax from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, July 4th. Canaccord Genuity set a $26.00 price objective on Imax and gave the company a “buy” rating in a research report on Wednesday, April 25th. ValuEngine raised Imax from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. Wedbush set a $32.00 price objective on Imax and gave the company a “buy” rating in a research report on Friday, April 27th. Finally, B. Riley lowered their price objective on Imax from $37.75 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Imax has a consensus rating of “Hold” and an average price target of $27.15.

About Imax

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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