IMAX Corporation (USA) (IMAX) : Columbia Partners L L C Investment Management reduced its stake in IMAX Corporation (USA) by 1.97% during the most recent quarter end. The investment management company now holds a total of 493,301 shares of IMAX Corporation (USA) which is valued at $15,736,302 after selling 9,916 shares in IMAX Corporation (USA) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.IMAX Corporation (USA) makes up approximately 1.12% of Columbia Partners L L C Investment Management’s portfolio.
Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in IMAX by selling 38,902 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 1,397,288 shares of IMAX which is valued at $44,573,487. IMAX Corporation (USA) makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.William Blair Investment Management reduced its stake in IMAX by selling 10,319 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 2,610,551 shares of IMAX which is valued at $82,441,201. IMAX Corporation (USA) makes up approx 0.31% of William Blair Investment Management’s portfolio.Trillium Asset Management boosted its stake in IMAX in the latest quarter, The investment management firm added 618 additional shares and now holds a total of 65,488 shares of IMAX Corporation (USA) which is valued at $2,068,766. IMAX Corporation (USA) makes up approx 0.13% of Trillium Asset Management’s portfolio.
IMAX Corporation (USA) closed down -0.21 points or -0.69% at $30.04 with 3,41,123 shares getting traded on Friday. Post opening the session at $30.23, the shares hit an intraday low of $29.88 and an intraday high of $30.23 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, IMAX Corporation (USA) reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.17. The company had revenue of $91.70 million for the quarter, compared to analysts expectations of $86.59 million. The company’s revenue was down -14.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.
IMAX Corporation is an entertainment technology company. The Company along with its wholly owned subsidiaries is specialized motion picture technologies and presentations. The Company operates through seven segments: the IMAX systems the theater system maintenance the joint revenue sharing arrangements film production and IMAX DMR film distribution film post-production and other. The Company’s businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale lease or contribution of those systems to customers and the digital re-mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. Its trademarks include IMAX IMAX Dome IMAX 3D IMAX 3D Dome Experience It In IMAX The IMAX Experience and An IMAX Experience among others. The Company owns approximately 934 theater systems (828 commercial and 106 institutional) operating in 62 countries.