Rs Investment Management Co Lowers stake in IMAX Corporation (USA) (IMAX)

IMAX Corporation (USA) (IMAX) : Rs Investment Management Co reduced its stake in IMAX Corporation (USA) by 31.68% during the most recent quarter end. The investment management company now holds a total of 2,127,095 shares of IMAX Corporation (USA) which is valued at $67,939,414 after selling 986,454 shares in IMAX Corporation (USA) , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.IMAX Corporation (USA) makes up approximately 0.66% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , Calamos Wealth Management reduced its stake in IMAX by selling 9,691 shares or 51.23% in the most recent quarter. The Hedge Fund company now holds 9,224 shares of IMAX which is valued at $294,615. IMAX Corporation (USA) makes up approx 0.06% of Calamos Wealth Management’s portfolio.Simplex Trading reduced its stake in IMAX by selling 5,391 shares or 65.31% in the most recent quarter. The Hedge Fund company now holds 2,864 shares of IMAX which is valued at $86,264. IMAX Corporation (USA) makes up approx 0.01% of Simplex Trading’s portfolio.

IMAX Corporation (USA) closed down -0.46 points or -1.44% at $31.59 with 8,68,060 shares getting traded on Friday. Post opening the session at $32.12, the shares hit an intraday low of $31.51 and an intraday high of $32.12 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.

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