Large Investors Must Have Thought It Out Before Selling All Stake In IMAX Corporation (IMAX)

IMAX Corporation (NYSE:IMAX) has made a 2.1% comeback from a 12-month low price of $18.13. It was seen -0.96% lower, changing the price to $18.51, when the closing bell rang on 12/04/2018. At recent session, the prices were hovering between $18.45 and $19.1. This company shares are 45.65% off its target price of $26.96 and the current market capitalization stands at $1.19B. The recent change has given its price a -14.09% deficit over SMA 50 and -29.08% deficit over its 52-week high. The stock witnessed -6.37% declines, -22.55% declines and -14.31% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found IMAX’s volatility during a week at 3.65% and during a month it has been found around 3.14%.

IMAX Corporation 13F Filings

At the end of recent reporting period, 70 institutional holders increased their position in IMAX Corporation (NYSE:IMAX) by some 6,672,427 shares, 77 decreased positions by 10,440,174 and 25 held positions by 32,487,969. That puts total institutional holdings at 49,600,570 shares, according to SEC filings. The stock grabbed 35 new institutional investments totaling 4,134,899 shares while 25 institutional investors sold out their entire positions totaling 4,587,807 shares.

IMAX Corporation (NYSE:IMAX) Insider Trades

Multiple company employees have indulged in significant insider trading. IMAX Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr VP & Corporate Secretary Weissman Kenneth Ian has sold 267 shares of IMAX Corporation (IMAX) in trading session dated Dec. 03, 2018. These shares are worth $4,918 and were traded at $18.42 each. The SEC filing shows that Vance Jeffrey performed a sale of 420 shares. The Sr VP, Finance & Controller disposed these shares by way of transaction on Dec. 03, 2018. The company’s shares were given away at $18.42 per share worth to an income of some $7,736 on account of Vance Jeffrey.

CEO IMAX Entertain & ESVP IMAX, Foster Greg, sold 9,415 common shares of IMAX Corporation (IMAX) in the open market. In a transaction dated Sep. 04, 2018, the shares were put up for sale at an average price of $23.46, raking in a sum of $220,876. After this sale, 86,960 common shares of IMAX are directly owned by the insider, with total stake valued at $1,609,630.

In the transaction dated Sep. 04, 2018, the great number of shares disposed came courtesy the CEO; Gelfond Richard L disposed a total of 11,652 shares at an average price of $23.46, amounting to approximately $273,356. The insider now directly owns 222,603 shares worth $4,120,382.

IMAX Corporation (IMAX) Analyst Guide

Several analysts have released their opinion on IMAX Corporation (NYSE:IMAX), with 3 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.92 average brokerage recommendation.