Allspring Global Investments Holdings LLC decreased its position in shares of IMAX Co. (NYSE:IMAX – Free Report) by 64.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,574 shares of the company’s stock after selling 2,861 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in IMAX were worth $30,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in IMAX by 164.8% during the third quarter. Tower Research Capital LLC TRC now owns 3,260 shares of the company’s stock worth $46,000 after purchasing an additional 2,029 shares in the last quarter. SRS Capital Advisors Inc. grew its position in IMAX by 11.1% in the first quarter. SRS Capital Advisors Inc. now owns 6,492 shares of the company’s stock worth $125,000 after buying an additional 650 shares during the last quarter. SG Americas Securities LLC acquired a new position in IMAX in the third quarter worth approximately $139,000. State of Wyoming acquired a new position in IMAX in the second quarter worth approximately $151,000. Finally, Engineers Gate Manager LP acquired a new position in IMAX in the third quarter worth approximately $152,000. Institutional investors own 75.18% of the company’s stock.
IMAX Stock Down 2.3 %
IMAX stock opened at $13.48 on Tuesday. The company’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $17.20. IMAX Co. has a 12 month low of $13.36 and a 12 month high of $21.82. The stock has a market cap of $736.14 million, a P/E ratio of 29.30, a P/E/G ratio of 1.45 and a beta of 1.22.
Analyst Upgrades and Downgrades
IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates through three segments: IMAX Technology Network; IMAX Technology Sales and Maintenance; and Film Distribution and Post-Production. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.
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