Imax Corp (NYSE:IMAX) SVP Jeffrey Vance sold 1,039 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $20.40, for a total value of $21,195.60. Following the sale, the senior vice president now directly owns 4,710 shares in the company, valued at $96,084. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Jeffrey Vance also recently made the following trade(s):
- On Monday, December 11th, Jeffrey Vance sold 469 shares of Imax stock. The shares were sold at an average price of $23.97, for a total value of $11,241.93.
Shares of Imax Corp (NYSE IMAX) traded down $0.40 during trading on Friday, hitting $20.75. 975,175 shares of the stock were exchanged, compared to its average volume of 1,043,761. Imax Corp has a twelve month low of $17.58 and a twelve month high of $34.60. The firm has a market capitalization of $1,346.72, a price-to-earnings ratio of 62.88, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82.
IMAX has been the topic of a number of analyst reports. Zacks Investment Research cut Imax from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. JPMorgan Chase & Co. initiated coverage on shares of Imax in a research note on Tuesday, February 20th. They issued an “overweight” rating and a $28.00 price target on the stock. Wedbush set a $30.00 target price on shares of Imax and gave the stock a “buy” rating in a research note on Monday, January 8th. B. Riley reaffirmed a “buy” rating and set a $35.00 price target on shares of Imax in a research report on Monday, December 11th. Finally, ValuEngine lowered shares of Imax from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.63.
Institutional investors and hedge funds have recently modified their holdings of the business. Crow Point Partners LLC acquired a new stake in shares of Imax in the fourth quarter valued at approximately $103,000. Invictus RG purchased a new position in shares of Imax during the fourth quarter valued at approximately $213,000. Formula Growth Ltd. purchased a new position in shares of Imax during the third quarter valued at approximately $222,000. First Mercantile Trust Co. purchased a new position in shares of Imax during the fourth quarter valued at approximately $231,000. Finally, Foundry Partners LLC purchased a new position in shares of Imax during the fourth quarter valued at approximately $244,000. Institutional investors own 86.01% of the company’s stock.
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Imax Company 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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