Clough Capital Partners L P Lowers stake in IMAX Corporation (USA) (IMAX)

IMAX Corporation (USA) (IMAX) : Clough Capital Partners L P reduced its stake in IMAX Corporation (USA) by 6.88% during the most recent quarter end. The investment management company now holds a total of 1,267,340 shares of IMAX Corporation (USA) which is valued at $40,428,146 after selling 93,610 shares in IMAX Corporation (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.IMAX Corporation (USA) makes up approximately 2.03% of Clough Capital Partners L P’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital reduced its stake in IMAX by selling 2,581 shares or 24.67% in the most recent quarter. The Hedge Fund company now holds 7,881 shares of IMAX which is valued at $251,404. Barrow Hanley Mewhinney Strauss sold out all of its stake in IMAX during the most recent quarter. The investment firm sold 7,006 shares of IMAX which is valued $221,249.Bb&t Securities reduced its stake in IMAX by selling 3,544 shares or 15.21% in the most recent quarter. The Hedge Fund company now holds 19,759 shares of IMAX which is valued at $638,611. IMAX Corporation (USA) makes up approx 0.01% of Bb&t Securities’s portfolio.

IMAX Corporation (USA) opened for trading at $30.51 and hit $30.79 on the upside on Thursday, eventually ending the session at $30.71, with a gain of 0.72% or 0.22 points. The heightened volatility saw the trading volume jump to 5,41,862 shares. Company has a market cap of $2,061 M.

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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