Imax Corporation (NYSE:IMAX) Sees Significantly Higher Trading Volume

Ruben Ruiz
July 19, 2017

Analysts forecast that Imax Corporation will post $0.71 earnings per share for the current year.

A number of other analysts have also weighed in on the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Imax Corporation during the first quarter worth $173,000. J.p. Marvel Investment Advisors, LLC now owns 27,208 shares with a value of $925,000. Handelsbanken Fonder AB now owns 300,000 shares of the company's stock valued at $6,600,000 after buying an additional 170,000 shares in the last quarter. Trillium Asset Management LLC raised its position in shares of Imax Corporation by 2.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,774 shares of the company's stock worth $156,000 after buying an additional 2,546 shares in the last quarter. Finally, State Street Corp increased its position in shares of Imax Corporation by 4.4% in the fourth quarter.

Institutional investors have recently modified their holdings of the company. A total of 2.25 million shares exchanged at hands and its average trading volume is standing at 1.41 million shares.

Multiple company employees have indulged in significant insider trading. The 50 day moving average moved down $-4.48 and the 200 day average went down by -31.08%. The company has market cap of $1.37 billion. Imax Corporation has a 52 week low of $20.25 and a 52 week high of $35.30.

Imax Corporation (NYSE:IMAX) last released its quarterly earnings data on Thursday, April 20th. In the latest earnings report the EPS was $0.26 and is estimated to be $0.71 for the current year with 66,573,000 shares now outstanding.

IMAX Corporation (IMAX) belonging to the Consumer Cyclical sector has declined -5.58% and closed its last trading session at $20.3. The business had revenue of $68.70 million during the quarter, compared to analyst estimates of $71.53 million. During the same period in the prior year, the firm earned $0.22 earnings per share. Imax Corporation's quarterly revenue was down 25.4% compared to the same quarter a year ago. During the same period a year ago, the business earned $0.22 earnings per share. This buyback authorization permits the company to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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06/07/2017 - Imax Corporation was downgraded to "hold" by analysts at Benchmark. If you are viewing this article on another domain, it was illegally copied and republished in violation of US and worldwide trademark and copyright law. The original version of this piece of content can be read at https://www.baseball-news-blog.com/2017/07/17/imax-corporation-imax-downgraded-by-zacks-investment-research-to-sell.html. Tracking most recent quarter period, Price to book (P/B) ration is at 2.40 and Price to cash per share ration is at 7.18. BidaskClub upgraded Imax Corporation from a "strong sell" rating to a "sell" rating in a research report on Wednesday, July 12th.

At the end of Mar reporting period, 86 institutional holders increased their position in IMAX Corporation (NYSE:IMAX) by some 9,714,029 shares, 97 decreased positions by 8,517,678 and 30 held positions by 42,523,741. Canaccord Genuity has "Buy" rating and $39 target. September 14 investment analysts at Macquarie held the company rating at "Outperform" and raised the price expectation from $39.00 to $41.00. The stock of Imax Corp (USA) (NYSE:IMAX) earned "Outperform" rating by Wedbush on Monday, May 15.

In other news, Director Eric A. Demirian sold 2,670 shares of the firm's stock in a transaction that occurred on Thursday, June 15th.

The stock's 50 day moving average is 25.48 and its 200 day moving average is 30.47. The Director disposed these shares by way of transaction on Jun. 15, 2017.

IMAX Corporation (IMAX) closed business day at $21.50 with -1.15%. The joint revenue sharing arrangements segment provides IMAX theater projection system equipment to exhibitors.

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