Imax (IMAX) Shareholder Df Dent & Co Has Lowered Stake as Stock Declined; Aew Capital Management LP Lowered Its Holding in Pennsylvania Real Estate Investment Trust (MAC) as Stock Declined

May 22, 2018 - By wolcottdaily

IMAX Corporation (NYSE:IMAX) Logo

Jeffrey Furber decreased its stake in Pennsylvania Real Estate Investment Trust (MAC) by 3.4% based on its latest 2017Q4 regulatory filing with the SEC. Aew Capital Management LP sold 129,900 shares as the company’s stock declined 14.88% with the market. The hedge fund run by Jeffrey Furber held 3.69 million shares of the real estate investment trusts company at the end of 2017Q4, valued at $43.90 million, down from 3.82M at the end of the previous reported quarter. Aew Capital Management LP who had been investing in Pennsylvania Real Estate Investment Trust for a number of months, seems to be less bullish one the $8.33 billion market cap company. The stock decreased 0.18% or $0.1 during the last trading session, reaching $55.04. About 947,840 shares traded. Macerich Company (NYSE:MAC) has declined 12.03% since May 22, 2017 and is downtrending. It has underperformed by 23.58% the S&P500.




Df Dent & Co Inc decreased its stake in Imax Corp (IMAX) by 97.41% based on its latest 2017Q4 regulatory filing with the SEC. Df Dent & Co Inc sold 681,796 shares as the company’s stock declined 17.02% with the market. The institutional investor held 18,115 shares of the industrial machinery and components company at the end of 2017Q4, valued at $419,000, down from 699,911 at the end of the previous reported quarter. Df Dent & Co Inc who had been investing in Imax Corp for a number of months, seems to be less bullish one the $1.45 billion market cap company. The stock decreased 1.96% or $0.45 during the last trading session, reaching $22.5. About 728,896 shares traded. IMAX Corporation (NYSE:IMAX) has declined 42.08% since May 22, 2017 and is downtrending. It has underperformed by 53.63% the S&P500.

Among 18 analysts covering IMAX (NYSE:IMAX), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. IMAX had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Tuesday, July 18 with “Buy”. Canaccord Genuity maintained it with “Buy” rating and $2600 target in Wednesday, April 25 report. The rating was maintained by Stifel Nicolaus on Wednesday, September 9 with “Buy”. The stock of IMAX Corporation (NYSE:IMAX) earned “Buy” rating by Benchmark on Friday, April 27. As per Wednesday, February 1, the company rating was downgraded by Credit Suisse. The firm has “Outperform” rating by Wedbush given on Monday, February 22. J.P. Morgan initiated it with “Buy” rating and $28.0 target in Tuesday, February 20 report. The rating was upgraded by JP Morgan on Friday, October 27 to “Overweight”. M Partners maintained IMAX Corporation (NYSE:IMAX) rating on Wednesday, April 26. M Partners has “Buy” rating and $40 target. The company was upgraded on Friday, October 27 by J.P. Morgan.

More notable recent IMAX Corporation (NYSE:IMAX) news were published by: Seekingalpha.com which released: “Profit growth at IMAX” on May 01, 2018, also Fool.com with their article: “IMAX Delivers a Heroic Quarter” published on May 11, 2018, Seekingalpha.com published: “IMAX updates on Avengers tally” on April 30, 2018. More interesting news about IMAX Corporation (NYSE:IMAX) were released by: Fool.com and their article: “IMAX Management Talks Superheroes, Lasers, and International Opportunity” published on May 12, 2018 as well as Prnewswire.com‘s news article titled: “Marvel Studios’ Avengers: Infinity War Shatters IMAX Opening Weekend Record In China Grossing $20.3 Million” with publication date: May 14, 2018.

Analysts await IMAX Corporation (NYSE:IMAX) to report earnings on July, 25. They expect $0.18 earnings per share, up 125.00% or $0.10 from last year’s $0.08 per share. IMAX’s profit will be $11.56 million for 31.25 P/E if the $0.18 EPS becomes a reality. After $0.14 actual earnings per share reported by IMAX Corporation for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

Df Dent & Co Inc, which manages about $3.97B US Long portfolio, upped its stake in Carmax Inc (NYSE:KMX) by 29,102 shares to 1.57 million shares, valued at $100.56M in 2017Q4, according to the filing. It also increased its holding in Comcast Corp New Cl A (NASDAQ:CMCSA) by 15,850 shares in the quarter, for a total of 122,256 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.14, from 0.95 in 2017Q3. It is positive, as 28 investors sold MAC shares while 106 reduced holdings. 56 funds opened positions while 90 raised stakes. 135.39 million shares or 0.30% more from 134.98 million shares in 2017Q3 were reported. Sector Pension Inv Board owns 0% invested in Macerich Company (NYSE:MAC) for 6,056 shares. Fil Limited, a Bermuda-based fund reported 71,004 shares. Assets Investment Management invested in 30,000 shares or 0.38% of the stock. 4.50 million were reported by Price T Rowe Associate Md. D E Shaw And holds 0.01% or 56,158 shares in its portfolio. Sun Life Fincl has invested 0.2% in Macerich Company (NYSE:MAC). Ameriprise Financial holds 165,733 shares or 0% of its portfolio. Amica Retiree Medical Tru owns 633 shares for 0.03% of their portfolio. Dupont Capital Mgmt has 595 shares for 0% of their portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 5,215 shares. Bluecrest Capital Management Ltd holds 0.02% or 12,640 shares. Metropolitan Life New York has 23,457 shares for 0.02% of their portfolio. Prelude Cap Mngmt Ltd Co has 0.05% invested in Macerich Company (NYSE:MAC). Moreover, Rhumbline Advisers has 0.04% invested in Macerich Company (NYSE:MAC) for 285,129 shares. American Century Incorporated accumulated 0.02% or 233,971 shares.

Aew Capital Management L P, which manages about $25.93B and $3.86 billion US Long portfolio, upped its stake in Retail Properties Of America Inc Cl A (NYSE:RPAI) by 365,800 shares to 6.63M shares, valued at $89.13M in 2017Q4, according to the filing. It also increased its holding in American Campus Communities (NYSE:ACC) by 831,003 shares in the quarter, for a total of 1.93M shares, and has risen its stake in Rlj Lodging Trust (NYSE:RLJ).

More recent Macerich Company (NYSE:MAC) news were published by: Seekingalpha.com which released: “Tracking Dan Loeb’s Third Point Portfolio – Q1 2018 Update” on May 22, 2018. Also Bizjournals.com published the news titled: “EXCLUSIVE: Popular fashion designer bringing boutique to Scottsdale Fashion Square” on May 18, 2018. Seekingalpha.com‘s news article titled: “Macerich: Takeover Target?” with publication date: May 21, 2018 was also an interesting one.

Analysts await Macerich Company (NYSE:MAC) to report earnings on August, 1. They expect $0.96 EPS, down 2.04% or $0.02 from last year’s $0.98 per share. MAC’s profit will be $145.29M for 14.33 P/E if the $0.96 EPS becomes a reality. After $0.82 actual EPS reported by Macerich Company for the previous quarter, Wall Street now forecasts 17.07% EPS growth.

Among 24 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 2 Sell and 14 Hold. Therefore 33% are positive. The Macerich Company had 67 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse reinitiated it with “Underperform” rating and $76 target in Wednesday, March 16 report. The firm earned “Neutral” rating on Monday, March 28 by Bank of America. The rating was upgraded by Evercore to “Hold” on Friday, January 26. The company was upgraded on Monday, November 7 by Mizuho. BMO Capital Markets upgraded it to “Buy” rating and $6600 target in Friday, April 20 report. The company was downgraded on Wednesday, April 6 by Boenning & Scattergood. As per Tuesday, January 23, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Monday, March 21 by Deutsche Bank. The firm earned “Hold” rating on Monday, October 30 by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Wednesday, June 7.

Macerich Company (NYSE:MAC) Institutional Positions Chart

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