Frontier Capital Management Co. LLC Sells 55946 Shares of Imax Corp (IMAX)

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27 May, 2017

The Wafra Investment Advisory Group Inc holds 364,773 shares with $12.95M value, up from 274,608 last quarter. Exelon now has $33.62B valuation. The stock, after opening at $31.93, closed at $31.49 by scoring -0.85%.

About 416,315 shares traded. UBS Group AG (USA) (NYSE:UBS) has risen 14.86% since May 24, 2016 and is uptrending. It has underperformed by 15.42% the S&P500.

Wafra Investment Advisory Group Inc decreased Wells Fargo Company (NYSE:WFC) stake by 315,151 shares to 162,308 valued at $8.95M in 2016Q4.

Other hedge funds also recently added to or reduced their stakes in the company. (NYSE:C) stake by 91,196 shares and now owns 85,438 shares. Liberty Media Corp Delaware was reduced too.

Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.04, from 1.05 in 2016Q3. 37 funds opened positions while 70 raised stakes. Citigroup has 193,481 shares for 0% of their portfolio. New York State Teachers Retirement accumulated 0.01% or 220,290 shares. The Kansas-based Creative Planning has invested 0% in Dean Foods Co (NYSE:DF). Joel Isaacson Ltd holds 0% or 476 shares. Tru Of Vermont reported 0.02% in Exelon Corporation (NYSE:EXC).

In terms of Buy, Sell or Hold recommendations, Imax Corp (NYSE:IMAX) has analysts' mean recommendation of 2.1. Therefore 36% are positive.

Several equities research analysts have commented on IMAX shares. Deutsche Bank maintained the stock with "Buy" rating in Wednesday, November 4 report. Stifel Nicolaus has "Buy" rating and $45 target. The firm earned "Underweight" rating on Tuesday, December 8 by Morgan Stanley. The stock has "Hold" rating by Kepler Cheuvreux on Tuesday, February 9. Deutsche Bank maintained the stock with "Buy" rating in Thursday, February 4 report. Stephens upgraded the stock to "Overweight" rating in Tuesday, January 12 report. The rating was upgraded by Argus Research on Monday, March 7 to "Buy". However the six-month change in the insider ownership was recorded -47.44%, as well as three-month change in the institutional ownership was recorded 0.71%. Market Capitalization if basically the market value of the company's shares outstanding. DesParte Duane M had sold 5,000 shares worth $179,100. The analysts estimated EPS for the higher end at 0.36 and lower end at 0.25 while the year ago reported earnings per share was 0.45. Analysts expect that Imax Corp will post $0.95 earnings per share for the current fiscal year.

Now the P/E of IMAX Corporation stands at 89.51.

IMAX Corporation (IMAX) belongs to the "Services" sector with an industry focus on "Entertainment - Diversified", with Mr. Richard Lewis Gelfond as Chief Exec. Officer and Director. General American Investors Company Inc who had been investing in Imax Corporation for a number of months, seems to be bullish on the $1.65 billion market cap company. The Firm operates through seven divisions: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. It has a 91.28 P/E ratio. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.

Now the shares of IMAX Corporation (IMAX) has a trading volume of 5 Million shares, with an average trading volume of 1390 shares - with shares dropping to a 52 week low of $26.40, and the company's shares hitting a 52 week high of $ 35.30. Therefore 82% are positive.

According to analysts Imax Corp (NYSE:IMAX)'s minimum EPS for the current quarter is at $0.25 and can go high up to $0.36. The company presently has a consensus rating of "Buy" and an average target price of $40.10. The stock of Imax Corp (USA) (NYSE:IMAX) earned "Outperform" rating by Wedbush on Friday, April 21. Canaccord Genuity set a $39.00 target price on Imax Corp and gave the company a buy rating in a report on Monday, February 27th.

Previously Imax Corp (NYSE:IMAX) reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm has "Neutral" rating given on Thursday, September 17 by Nomura. The rating was maintained by Goldman Sachs on Friday, November 20 with "Neutral". M Partners maintained Imax Corp (USA) (NYSE:IMAX) on Wednesday, September 9 with "Buy" rating.


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