Sarbit Advisory Services Inc. raised its holdings in Imax Corp (NYSE:IMAX) by 69.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,304,361 shares of the company’s stock after acquiring an additional 945,000 shares during the quarter. Imax makes up about 14.6% of Sarbit Advisory Services Inc.’s portfolio, making the stock its 3rd largest holding. Sarbit Advisory Services Inc.’s holdings in Imax were worth $83,744,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Becker Capital Management Inc. increased its position in shares of Imax by 229.6% during the third quarter. Becker Capital Management Inc. now owns 979,755 shares of the company’s stock worth $22,191,000 after buying an additional 682,485 shares during the period. Janus Henderson Group PLC increased its position in shares of Imax by 90.2% during the third quarter. Janus Henderson Group PLC now owns 1,068,456 shares of the company’s stock worth $24,201,000 after buying an additional 506,705 shares during the period. Vivaldi Asset Management LLC acquired a new stake in shares of Imax during the third quarter worth $10,670,000. Dimensional Fund Advisors LP increased its position in shares of Imax by 189.8% during the second quarter. Dimensional Fund Advisors LP now owns 682,021 shares of the company’s stock worth $15,007,000 after buying an additional 446,672 shares during the period. Finally, Crestwood Capital Management L.P. acquired a new stake in shares of Imax during the third quarter worth $6,116,000. Hedge funds and other institutional investors own 83.29% of the company’s stock.
In related news, insider Robert D. Lister sold 3,528 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $23.97, for a total transaction of $84,566.16. Following the transaction, the insider now directly owns 35,594 shares of the company’s stock, valued at $853,188.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert D. Lister sold 3,518 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $22.95, for a total transaction of $80,738.10. Following the transaction, the insider now directly owns 38,540 shares in the company, valued at $884,493. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,583 shares of company stock worth $274,111. 18.90% of the stock is owned by insiders.
Imax Corp (NYSE IMAX) opened at $21.10 on Thursday. The stock has a market cap of $1,505.55, a price-to-earnings ratio of 527.63, a P/E/G ratio of 1.35 and a beta of 0.94. Imax Corp has a 12 month low of $17.58 and a 12 month high of $34.60.
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Imax Company Profile
IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.
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