Insider Trading at Imax Corporation?

The firm owned 8,370 shares of the company's stock after buying an additional 18 shares during the period.

IMAX has been the subject of a number of recent research reports.

Several large investors have recently added to or reduced their stakes in IMAX. Paloma Partners Management Co purchased a new position in shares of Imax Corporation during the first quarter valued at about $1,504,000. Trillium Asset Management LLC boosted its stake in shares of Imax Corporation by 2.7% in the first quarter. The stock traded as low as $19.25 and last traded at $19.23, with a volume of 283,360 shares traded. Finally, Bank of New York Mellon Corp raised its stake in Imax Corporation by 22.9% in the first quarter. American International Group Inc. now owns 35,583 shares of the company's stock worth $1,210,000 after buying an additional 1,701 shares during the last quarter. The Pennsylvania-based Penn Capital Management Co Inc has invested 0.69% in the stock. KS raised its position in Imax Corporation by 0.6% in the first quarter. BlackRock Inc. now owns 2,607,357 shares of the company's stock worth $88,651,000 after buying an additional 2,602,613 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Imax Corporation by 78.9% 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 during the last quarter. The stock had previously closed at $19.60. The company has market cap of $1.24 billion. The firm's 50-day moving average price is $21.42 and its 200 day moving average price is $28.21.

Imax Corporation (NYSE:IMAX) last released its earnings results on Wednesday, July 26th. The company reported $0.15 EPS for the quarter, beating the Zacks' consensus estimate of ($0.02) by $0.17. The firm had revenue of $87.76 million for the quarter, compared to analysts' expectations of $89.26 million. Imax Corporation had a return on equity of 2.39% and a net margin of 2.81%. The business's revenue was down 4.3% compared to the same quarter previous year. During the same quarter a year ago, the firm earned $0.18 earnings per share. On average, equities research analysts expect that Imax Corporation will post $0.62 earnings per share for the current fiscal year.

Imax Corporation declared that its board has initiated a share buyback plan on Monday, June 12th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 12.5% of its stock through open market purchases.

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 stolen and reposted in violation of worldwide copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/12/imax-corporation-imax-stock-rating-upgraded-by-bidaskclub-updated-updated-updated.html. ValuEngine cut shares of Imax Corporation from a "hold" rating to a "sell" rating in a report on Friday, June 2nd.

On June 7 the company was downgraded from "Buy" to "Hold" in a report issued by Benchmark. Finally, Wedbush decreased their price target on Imax Corporation from $41.50 to $39.00 and set an outperform rating for the company in a research note on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock now has a consensus rating of "Hold" and a consensus price target of $34.82. The stock was sold at an average price of $20.50, for a total value of $36,080.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The stock was 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.

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

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