IMAX Corporation (NYSE:IMAX - Get Free Report) CEO Richard Gelfond sold 34,182 shares of the firm's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $37.06, for a total value of $1,266,784.92. Following the transaction, the chief executive officer owned 765,002 shares of the company's stock, valued at $28,350,974.12. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
IMAX Price Performance
IMAX opened at $35.96 on Tuesday. The firm has a market cap of $1.94 billion, a PE ratio of 57.99, a P/E/G ratio of 1.60 and a beta of 0.41. The stock has a 50-day moving average price of $38.21 and a 200-day moving average price of $36.23. IMAX Corporation has a 1 year low of $21.86 and a 1 year high of $43.16.
IMAX (NYSE:IMAX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.43 by $0.15. The company had revenue of $125.21 million for the quarter, compared to the consensus estimate of $120.30 million. IMAX had a net margin of 8.50% and a return on equity of 13.53%. IMAX's revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. As a group, sell-side analysts anticipate that IMAX Corporation will post 1.31 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in IMAX. Divisadero Street Capital Management LP purchased a new position in shares of IMAX in the third quarter worth $20,975,000. Principal Financial Group Inc. grew its holdings in shares of IMAX by 67.8% in the third quarter. Principal Financial Group Inc. now owns 70,927 shares of the company's stock valued at $2,323,000 after purchasing an additional 28,667 shares in the last quarter. Citigroup Inc. increased its holdings in shares of IMAX by 267.7% in the 3rd quarter. Citigroup Inc. now owns 66,769 shares of the company's stock worth $2,187,000 after buying an additional 48,609 shares during the last quarter. Zhang Financial LLC bought a new stake in IMAX during the third quarter worth approximately $903,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in IMAX during the third quarter worth approximately $4,893,000. 93.51% of the stock is owned by hedge funds and other institutional investors.
IMAX News Summary
Here are the key news stories impacting IMAX this week:
- Positive Sentiment: A boutique studio announced a major IMAX pickup: A24 will release Alex Garland’s film adaptation of the videogame Elden Ring in IMAX in 2028 — a high‑profile, franchise‑driven title that can drive box‑office demand and premium screen bookings for IMAX. A24 sets ‘Elden Ring’ from Alex Garland for 2028 in IMAX - full cast
- Positive Sentiment: Sell‑side support: Rosenblatt reaffirmed a "buy" on IMAX with a $47 price target, signaling analyst confidence in upside against current levels. Benzinga
- Positive Sentiment: Industry / tech relevance: Directors are using tools like Apple Vision Pro to preview films in IMAX formats, highlighting IMAX’s role in production workflows and continued relevance to filmmakers and high‑quality releases. The Mandalorian and Grogu director used Apple Vision Pro to preview the film in IMAX
- Neutral Sentiment: Sector mention: A Zacks roundup lists IMAX among film & television production names to watch amid mixed industry trends — a sign that IMAX is still on analysts’ radar but not proof of immediate upside. 4 Film & Television Production Stocks to Watch Amid Dull Industry Trends
- Negative Sentiment: Competitive risk: Disney is rolling out its own giant‑screen format (Infinity Vision) and has fought for premium screen allocations on tentpole releases — a potential long‑term headwind if studios divert premium runs away from IMAX. Disney's answer to IMAX hopes to take cinemagoers to Infinity (and beyond)
- Negative Sentiment: Insider selling: CEO Richard Gelfond sold shares on April 16–17 under a pre‑arranged Rule 10b5‑1 plan (total disclosed sales ~75,919 shares at ~\$37/share across the two filings). While executed under a plan, insider selling can weigh on sentiment. SEC filing
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Benchmark boosted their price objective on shares of IMAX from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. The Goldman Sachs Group lifted their target price on IMAX from $37.00 to $41.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. Wedbush reissued an "outperform" rating and issued a $46.00 target price on shares of IMAX in a research report on Monday, February 23rd. Seaport Research Partners boosted their target price on shares of IMAX from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, April 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $42.00 price objective on shares of IMAX in a research note on Monday, January 26th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.70.
View Our Latest Report on IMAX
About IMAX
(
Get Free Report)
IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.
Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.
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