Sowell Financial Services 13F: New $3.1M Stake in IMAX
Key Points
- Sowell Financial Services opened a new stake in IMAX Corporation consisting of 56,698 shares with a reported value of $3.11 million.
- Other large institutional investors adjusted their holdings, including Westfield Capital Management adding 315,264 shares to end with 2,654,014 shares.
- The entertainment company trades around $53.12, holding a trailing P/E ratio of 69.82 alongside a forward P/E of 23.19.
Since the filing, $IMAX is up 1.2% to date (from the $52.44 close on Oct 20, 2026).
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Sowell Financial Services established a brand-new position in IMAX Corporation [NYSE: IMAX], purchasing 56,698 shares valued at approximately $3.11 million. The fund disclosed the investment in a Form 13F filed with the Securities and Exchange Commission on October 20, 2026. IMAX closed at $52.44 on the day of the filing.
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What Changed in Sowell Financial Services's IMAX Position
Sowell Financial Services opened the position during the period, adding 56,698 shares from a prior count of zero. The new holding represents a total reported value of $3.11 million in the entertainment technology company.
Other Institutional Activity in IMAX
Other institutional players also adjusted positions in the entertainment platform. Orbis Allan Gray Ltd trimmed its holdings by 2,061 shares, ending with 5,149,555 shares worth about $273.39 million. Nomura Asset Management International Inc reduced its stake by 767,503 shares to hold 2,936,661 shares valued at roughly $155.91 million. Westfield Capital Management Co LP grew its holdings by 315,264 shares, ending with 2,654,014 shares worth about $140.90 million. Congress Asset Management Co added 4,567 shares to finish with 2,541,756 shares valued at approximately $134.94 million. Driehaus Capital Management, LLC expanded its stake by 688,764 shares, wrapping up the period with 2,340,475 shares worth about $124.26 million.
IMAX Corporation Stock Up 1.3%
IMAX recently traded around $53.12, sitting above its 50-day moving average of $52.48 and well above its 200-day moving average of $42.11. The shares sit below their 52-week high of $57.73 and well above their 52-week low of $31.27. Wall Street maintains a consensus buy rating on the stock with a mean price target of $58.33.
Recent Earnings
The company reported trailing twelve-month revenue of $416.08 million and earnings of $0.74 per share. Its net profit margin stands at 9.8% with a return on equity of 11.0%. IMAX is scheduled to release its next financial results on November 5, 2026.
Dividend
IMAX Corporation does not pay a dividend, maintaining a dividend yield and payout ratio of 0.0% as the business reinvests its earnings into its theatrical technology platform.
Insider Buying and Selling at IMAX Corporation
Company insiders completed several transactions prior to the filing. Chief Financial Officer Natasha Fernandes sold 20,000 shares on August 24, 2026, at an average price of $54.63 for a total value of $1,092,554. Officer Kenneth Ian Weissman sold 8,000 shares on August 25, 2026, at an average price of $54.54, totaling $436,294. Officer Mark Welton sold 30,000 shares on August 25, 2026, at an average price of $54.47 for $1,634,208. Officer Robert D Lister sold 22,500 shares on September 10, 2026, at an average price of $51.58, totaling $1,160,577.
Analysts Set New Price Targets
StoneX maintained a buy rating on IMAX while lifting its target from $60.00 to $65.00 on October 7, 2026. B. Riley Securities maintained a buy rating and raised its target from $61.00 to $64.00 on October 8, 2026. Wedbush maintained an outperform rating on October 14, 2026, raising its target to $60.00 from $54.00. Rosenblatt maintained a buy rating with a $65.00 target on October 14, 2026. Wells Fargo maintained an equal-weight rating on October 15, 2026, lifting its target from $45.00 to $55.00. Overall, 12 analysts track the stock, resulting in a consensus buy rating.
About IMAX
IMAX Corporation operates as an entertainment technology platform specializing in proprietary digital projection and sound systems. The company partners with filmmakers to convert commercial releases into specialized formats for its global network of branded theaters, spanning North America, Greater China, and international markets.
Bottom Line
Sowell Financial Services enters its position as IMAX prepares for its next quarterly earnings report on November 5, 2026. Investors will monitor whether institutional accumulation continues alongside analyst price target revisions.
Related Filing Alerts
Source: Sowell Financial Services's 13F filing on $IMAX (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts