Granahan Investment Management Incma buys $50,766,234 stake in IMAX Corporation (USA) (IMAX)

IMAX Corporation (USA) (IMAX) : Granahan Investment Management Incma scooped up 352,130 additional shares in IMAX Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,550,114 shares of IMAX Corporation (USA) which is valued at $50,766,234.IMAX Corporation (USA) makes up approximately 1.71% of Granahan Investment Management Incma’s portfolio.

Other Hedge Funds, Including , Peak6 Investments added IMAX to its portfolio by purchasing 11,555 company shares during the most recent quarter which is valued at $378,426. IMAX Corporation (USA) makes up approx 0.02% of Peak6 Investments’s portfolio.Lord Abbett reduced its stake in IMAX by selling 101,538 shares or 10.22% in the most recent quarter. The Hedge Fund company now holds 892,001 shares of IMAX which is valued at $28,900,832. IMAX Corporation (USA) makes up approx 0.09% of Lord Abbett’s portfolio. Barrow Hanley Mewhinney Strauss added IMAX to its portfolio by purchasing 12,342 company shares during the most recent quarter which is valued at $399,881. Bb&t Securities sold out all of its stake in IMAX during the most recent quarter. The investment firm sold 19,759 shares of IMAX which is valued $635,252. Penserra Capital Management added IMAX to its portfolio by purchasing 1,422 company shares during the most recent quarter which is valued at $85,747. IMAX Corporation (USA) makes up approx 0.01% of Penserra Capital Management’s portfolio.

IMAX Corporation (USA) opened for trading at $34.15 and hit $34.7 on the upside on Monday, eventually ending the session at $34.5, with a gain of 0.58% or 0.2 points. The heightened volatility saw the trading volume jump to 4,95,228 shares. Company has a market cap of $2,305 M.

On the company’s financial health, IMAX Corporation (USA) reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.08. The company had revenue of $86.60 million for the quarter, compared to analysts expectations of $73.03 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 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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