Sei Investments Co. sell 977 shares of IMAX Co. (NYSE:IMAX)

Sei Investments Co. reduced its holdings in IMAX Co. (NYSE:IMAX – Free Report) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,121 shares of the company’s stock after selling 977 shares during the quarter. Sei Investments Co. owned 0.26% of IMAX worth $2,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMAX. PNC Financial Services Group Inc. purchased a new position in IMAX in the 4th quarter valued at about $33,000. Headlands Technologies LLC bought a new stake in shares of IMAX in the second quarter valued at about $35,000. Summit Securities Group LLC acquired a new position in shares of IMAX in the second quarter valued at about $80,000. Laurus Investment Counsel Inc. bought a new position in IMAX in the second quarter valued at about $150,000. Finally, XTX Topco Ltd purchased a new stake in IMAX in the second quarter valued at about $208,000. 93.51% of shares are held by institutional investors.

Analyst upgrades and downgrades

Several equities analysts recently weighed in on the company. Benchmark reissued a “buy” rating and set a $22.00 target price on shares of IMAX in a report on Thursday, June 20th. Rosenblatt Securities reissued a “buy” rating and issued a $28.00 target price on shares of IMAX in a research report on Friday. B. Riley boosted their price target on shares of IMAX from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Roth Mkm boosted their price objective on shares of IMAX from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Seaport Res Ptn upgraded shares of IMAX to a “strong-buy” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. IMAX presently has an average rating of “Moderate Buy” and a consensus price target of $23.67, according to MarketBeat.com.

Check out the latest stock analysis on IMAX

IMAX price performance

IMAX opened at $19.51 on Friday. The company has a 50 day simple moving average of $20.57 and a two hundred day simple moving average of $18.00. The firm has a market cap of $1.03 billion, a P/E ratio of 41.50, a PEG ratio of 1.38 and a beta of 1.25. IMAX Co. has a 1 year low of $13.20 and a 1 year high of $22.13.

IMAX (NYSE:IMAX – Get Your Free Report ) last issued its earnings results on Thursday, July 25th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.11. IMAX had a net margin of 5.97% and a return on equity of 7.78%. The company had revenue of $88.96 million during the quarter, compared to the consensus estimate of $74.52 million. In the same quarter last year, the firm posted EPS of $0.17. IMAX’s quarterly revenue was down 9.2% compared to the same quarter last year. Stock analysts anticipate that IMAX Co. will post 0.69 earnings per share for the current year.

IMAX profile

(Free report)

IMAX Corporation, together with its subsidiaries, operates as a worldwide entertainment and events technology platform. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content in IMAX formats for distribution on the IMAX network; IMAX Enhanced which provides end-to-end technology for streaming content and home entertainment devices; and SSIMWAVE, an AI-powered video quality solution for media and entertainment companies.

Further reading

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