Sei Investments Co. Has $7.03 Million Stock Holdings in IMAX Corporation $IMAX

Sei Investments Co. raised its stake in IMAX Corporation (NYSE:IMAX) by 37.8% in the first quarter, Holdings Channel reports. The firm owned 185,045 shares of the company’s stock after acquiring an additional 50,717 shares during the quarter. Sei Investments Co.’s holdings in IMAX were worth $7,033,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Orbis Allan Gray Ltd raised its stake in shares of IMAX by 31.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 5,113,033 shares of the company’s stock worth $142,960,000 after purchasing an additional 1,230,267 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in IMAX by 44.6% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,346,486 shares of the company’s stock worth $86,726,000 after buying an additional 723,861 shares during the last quarter. Marsico Capital Management LLC acquired a new position in IMAX during the fourth quarter worth $18,149,000. Balyasny Asset Management L.P. bought a new stake in IMAX during the second quarter worth $12,568,000. Finally, Nuveen LLC raised its position in IMAX by 253.0% during the fourth quarter. Nuveen LLC now owns 507,377 shares of the company’s stock worth $18,753,000 after acquiring an additional 363,658 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on IMAX shares. Wedbush lifted their price objective on shares of IMAX from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $47.00 target price on shares of IMAX in a report on Monday, July 20th. Weiss Ratings upgraded shares of IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. raised their target price on shares of IMAX from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company lifted their price target on IMAX from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.36.

IMAX Price Performance

Shares of IMAX stock opened at $51.02 on Tuesday. The business has a fifty day simple moving average of $41.46 and a two-hundred day simple moving average of $38.61. IMAX Corporation has a 1 year low of $24.20 and a 1 year high of $51.28. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 70.86, a P/E/G ratio of 1.58 and a beta of 0.38.

IMAX (NYSE:IMAX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.30 by $0.13. The firm had revenue of $102.84 million for the quarter, compared to the consensus estimate of $96.09 million. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, equities analysts anticipate that IMAX Corporation will post 1.44 earnings per share for the current fiscal year.

Key Headlines Impacting IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: The Odyssey generated more than $50 million in global IMAX ticket sales for a third consecutive weekend. CEO Richard Gelfond said the film’s performance continues to “defy gravity,” describing the momentum as a potential “flywheel” for IMAX’s business and brand. The Odyssey fuels Imax stock to all-time high
• Positive Sentiment: Strong audience demand is extending the film’s premium-format run. Additional 70mm IMAX screenings for The Odyssey have been added through September, while new screenings at London’s BFI IMAX reportedly sold out in less than 30 minutes. These developments support higher screen utilization and continued premium ticket revenue. The Odyssey extends 70 mm IMAX run
• Positive Sentiment: The film was shot entirely with IMAX cameras, highlighting the format’s appeal to major filmmakers. The Nolan-related production story may strengthen IMAX’s reputation and help attract more large-scale productions to the platform. The Keighley Camera
• Neutral Sentiment: IMAX will begin showing Spider-Man: Brand New Day on Friday while sharing screens with The Odyssey. The arrangement preserves access to another major blockbuster, but may limit the exclusive screen time and revenue contribution from either movie. Spider-Man and The Odyssey are splitting up IMAX screens

IMAX Company Profile

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.