Angeles Investment Advisors LLC Has $274,000 Stock Holdings in IMAX Co. (NYSE:IMAX)

Angeles Investment Advisors LLC trimmed its holdings in IMAX Co. (NYSE:IMAX) by 36.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,690 shares of the company’s stock after selling 6,185 shares during the quarter. Angeles Investment Advisors LLC’s holdings in IMAX were worth $274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of IMAX by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 612,115 shares of the company’s stock worth $15,670,000 after acquiring an additional 60,762 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in IMAX in the 4th quarter worth approximately $448,000. Sei Investments Co. lifted its holdings in IMAX by 10.2% during the 4th quarter. Sei Investments Co. now owns 146,577 shares of the company’s stock worth $3,752,000 after buying an additional 13,549 shares in the last quarter. Intech Investment Management LLC boosted its position in IMAX by 116.1% in the 4th quarter. Intech Investment Management LLC now owns 21,589 shares of the company’s stock valued at $553,000 after buying an additional 11,597 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of IMAX in the 4th quarter valued at $217,000. Institutional investors and hedge funds own 93.51% of the company’s stock.

IMAX Stock Up 1.2 %

Shares of IMAX stock opened at $26.80 on Monday. IMAX Co. has a 12-month low of $14.94 and a 12-month high of $27.77. The firm has a fifty day moving average of $24.83 and a 200-day moving average of $23.66. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 54.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22.

IMAX (NYSE:IMAX) last posted its earnings results on Wednesday, February 19th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The business had revenue of $92.67 million during the quarter, compared to analyst estimates of $104.08 million. IMAX had a net margin of 7.40% and a return on equity of 8.60%. Research analysts expect that IMAX Co. will post 0.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com raised IMAX from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Macquarie raised their target price on shares of IMAX from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Rosenblatt Securities boosted their price target on shares of IMAX from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of IMAX from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Finally, Benchmark reiterated a “buy” rating and set a $30.00 target price on shares of IMAX in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, IMAX has a consensus rating of “Buy” and a consensus target price of $30.67.

About IMAX

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. 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 into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.