Imax Corporation (IMAX) Earns Daily News Sentiment Score of 0.17

Alliancebernstein L.P. boosted its stake in Imax Corporation by 2.3% in the second quarter. Accern also assigned news coverage about the company an impact score of 44.7905660443617 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. NY owned about 0.06% of Imax Corporation worth $1,372,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Imax Corporation by 78.9% in the first quarter. Insiders own 18.90% of the company's stock. Laurion Capital Management LP purchased a new stake in Imax Corporation during the first quarter worth approximately $326,000. Peregrine Capital Management LLC boosted its stake in Imax Corporation by 7.4% in the first quarter. The company had a trading volume of 955,022 shares. The Stephens Investment Management Group Llc holds 1.68M shares with $52.67 million value, up from 1.47 million last quarter.

Imax Corporation (NYSE:IMAX) traded down 3.06% on Friday, hitting $19.00. The firm has a 50 day moving average price of $21.42 and a 200-day moving average price of $28.21. Imax Corporation has a 12-month low of $18.90 and a 12-month high of $35.30. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 128.38 and a beta of 0.90.

Imax Corporation (NYSE:IMAX) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.17. The value of the company's investment in Imax Corporation went from $978,000 to $925,000 a change of 5.4% quarter over quarter. The business had revenue of $87.76 million for the quarter, compared to the consensus estimate of $89.26 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The business's revenue was down 4.3% compared to the same quarter past year. On average, equities research analysts expect that Imax Corporation will post $0.62 earnings per share for the current fiscal year.

Imax Corporation declared that its Board of Directors has authorized a stock buyback program on Monday, June 12th that allows the company to buyback $200.00 million in outstanding shares. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued. The stock declined 3.06% or $0.6 reaching $19 on the news.

WARNING: This story was originally reported by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another publication, it was stolen and reposted in violation of worldwide trademark and copyright legislation. The legal version of this news story can be accessed at MKM Partners restated a "buy" rating and issued a $40.00 target price on shares of Imax Corporation in a research note on Tuesday, April 25th. Finally, Roth Capital set a $37.00 target price on Imax Corporation and gave the company a "buy" rating in a research report on Thursday, April 20th. The stock presently has an average rating of "Hold" and an average price target of $34.82. The stock was sold at an average price of $20.50, for a total transaction of $36,080.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Imax Corporation (NYSE:IMAX) CFO Patrick Mcclymont sold 1,760 shares of the company's stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $25.10, for a total value of $67,017.00. Following the completion of the transaction, the director now owns 17,945 shares in the company, valued at $450,419.50. The disclosure for this sale can be found here. KS now owns 322,710 shares of the company's stock worth $10,972,000 after buying an additional 1,895 shares during the last quarter.

The Company's divisions include Commercial Banking, Fee-Based Lines, and Corporate Support and Other.