IMAX Insider Kevin Douglas Buys 3,390 Shares

On June 11, 2026, Kevin Douglas acquired 3,390 shares of IMAX Corporation (NYSE:IMAX). The transaction was reported as a purchase without any associated cost. This move adds to the activity around IMAX, a company recognized for its technology platform in entertainment and events.

Insider Buying and Selling at IMAX Corporation

Kevin Douglas wasn't the only insider making moves at IMAX. On the same day, Steve Pamon bought and sold 3,390 shares, Eric Demirian bought 3,390 shares, and both David Leebron and Jennifer Wong also purchased 3,390 shares each. Meanwhile, Michael MacMillan sold 1,849 shares at an average price of $42.12.

Other Institutional Activity in IMAX

Among IMAX's institutional peers, Orbis Allan Gray Ltd maintained its position with 5,151,721 shares valued at about $195.8 million. Nomura Asset Management International Inc. reduced its stake by 563,742 shares, holding 3,704,207 shares worth approximately $140.8 million. FMR LLC also trimmed its holdings by 317,974 shares, ending with 3,117,374 shares valued at roughly $118.5 million. Meanwhile, BlackRock, Inc. slightly decreased its position by 26,090 shares, now holding 2,622,590 shares worth nearly $99.7 million. Driehaus Capital Management LLC significantly increased its stake by 627,859 shares, reaching a total of 1,651,711 shares valued at approximately $62.8 million.

IMAX Corporation Stock Down 18.3%

Shares of NYSE:IMAX are trading near $42.24. IMAX Corporation is valued at $2.32 billion, with a P/E ratio of 63.04 and a forward P/E of 21.65. The stock's beta is 0.372, indicating lower volatility compared to the market. Over the past year, the stock has ranged from $24.20 to $43.31. Its 50-day moving average is $37.31, and the 200-day average is $35.76. The company has a strong financial position with a current ratio of 4.57 and a quick ratio of 4.05.

Recent Earnings

IMAX Corporation reported revenue of $404.9 million, experiencing a slight decline of 6.1% year-over-year. The company achieved a net margin of 9.1% and a return on equity of 10.7%. With an EPS of $0.67, IMAX is set to announce its next earnings on July 30, 2026.

Analysts Set New Price Targets

On May 22, 2026, Benchmark maintained its 'buy' rating for IMAX with a price target of $60. Macquarie and Barrington Research both maintained 'buy' ratings on May 1, 2026, with targets of $46. JP Morgan also upheld its 'buy' rating on the same date, setting a target of $47. The consensus among analysts is a strong buy, with an average target price of $47.18 based on 11 opinions.

About IMAX Corporation

IMAX Corporation, headquartered in Mississauga, Canada, operates as a technology platform for entertainment and events worldwide. The company offers IMAX film remastering, streaming technology, and video quality solutions. It also provides maintenance services, post-production, and camera rentals. Founded in 1967, IMAX serves various sectors, including museums, theme parks, and private theaters, under brands like IMAX 3D and IMAX Enhanced.

Bottom Line

Kevin Douglas's purchase of IMAX shares is part of broader insider activity, highlighting interest in the company's prospects. While the stock shows strong institutional and analyst support, it's important to note that 13F filings and insider transactions are backward-looking and may not reflect current positions or sentiment.