Indus Capital Partners adds IMAX Corporation (USA) (IMAX) to its portfolio

IMAX Corporation (USA) (IMAX) : Indus Capital Partners added new position in IMAX Corporation (USA) during the most recent quarter end. The investment management firm now holds 10,946 shares of IMAX Corporation (USA) which is valued at $349,177 , the company said in a statement filed on Aug 12, 2016 with the SEC.IMAX Corporation (USA) makes up approximately 0.04% of Indus Capital Partners’s portfolio.

Other Hedge Funds, Including , Bayesian Capital Management Lp added IMAX to its portfolio by purchasing 7,711 company shares during the most recent quarter which is valued at $245,981. IMAX Corporation (USA) makes up approx 0.14% of Bayesian Capital Management Lp’s portfolio.Timessquare Capital Management boosted its stake in IMAX in the latest quarter, The investment management firm added 98,100 additional shares and now holds a total of 3,387,511 shares of IMAX Corporation (USA) which is valued at $108,061,601. IMAX Corporation (USA) makes up approx 0.68% of Timessquare Capital Management’s portfolio.Capital Fund Management S.a. reduced its stake in IMAX by selling 42,604 shares or 35.57% in the most recent quarter. The Hedge Fund company now holds 77,180 shares of IMAX which is valued at $2,465,129. IMAX Corporation (USA) makes up approx 0.04% of Capital Fund Management S.a.’s portfolio.

IMAX Corporation (USA) opened for trading at $30.43 and hit $30.77 on the upside on Monday, eventually ending the session at $30.57, with a gain of 0.53% or 0.16 points. The heightened volatility saw the trading volume jump to 5,24,100 shares. Company has a market cap of $2,052 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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