FMR LLC & Abigail Johnson Adjust IMAX Stake to 1.256%
Ticker: IMAX · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 921582
| Field | Detail |
|---|---|
| Company | Imax Corp (IMAX) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-adjustment
TL;DR
**FMR LLC and Abigail Johnson now own 1.256% of IMAX, signaling a portfolio adjustment.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in IMAX CORPORATION. As of February 9, 2024, they collectively beneficially own 686,159 shares of IMAX common stock, representing 1.256% of the company. This is an amendment to a previous filing, indicating a change in their reported holdings, which could signal a slight reduction or adjustment in their investment strategy for IMAX. Investors should note this as a large institutional investor adjusting its position, which might influence market sentiment.
Why It Matters
This filing shows a significant institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have adjusted their holdings in IMAX, which can influence other investors' perceptions of the stock's value and future prospects.
Risk Assessment
Risk Level: low — This filing indicates a minor adjustment in a large institutional holding, which typically carries low direct risk for individual investors.
Analyst Insight
Investors should note that a major institutional investor has adjusted its position, but the percentage change is small. This filing doesn't suggest a strong bullish or bearish signal, but rather a routine portfolio adjustment. Monitor future filings for more significant changes in ownership.
Key Numbers
- 686,159 — Shares Beneficially Owned (Total common stock shares of IMAX CORPORATION owned by FMR LLC and Abigail P. Johnson.)
- 1.256% — Percent of Class (The percentage of IMAX CORPORATION's common stock class beneficially owned by FMR LLC and Abigail P. Johnson.)
- 0 — Shared Power to Vote (FMR LLC and Abigail P. Johnson report no shared power to vote or direct the vote for these shares.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
- IMAX CORPORATION (company) — the issuer of the securities
- 686,159 (dollar_amount) — total shares beneficially owned
- 1.256% (dollar_amount) — percentage of class owned
Forward-Looking Statements
- FMR LLC will maintain a similar percentage ownership in IMAX CORPORATION over the next year. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for IMAX CORPORATION?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of their respective sections on the cover page and Item 2(a) of the filing.
What is the total number of IMAX CORPORATION common stock shares beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson report beneficially owning 686,159 shares of IMAX CORPORATION common stock, as indicated in Item 7 on their cover pages and Item 4(a) for FMR LLC.
What percentage of IMAX CORPORATION's common stock class do the reporting persons collectively own?
FMR LLC and Abigail P. Johnson each report owning 1.256% of the class of IMAX CORPORATION common stock, as shown in Item 11 on their respective cover pages and Item 4(b) for FMR LLC.
What is the CUSIP number for the IMAX CORPORATION securities mentioned in this filing?
The CUSIP number for the IMAX CORPORATION common stock is 45245E109, as stated in Item 2(e) of the filing.
Under which rule is this Schedule 13G/A filed, and what is FMR LLC's role?
This statement is filed pursuant to Rule 13d-1(b), and FMR LLC is identified as a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G), as detailed in Item 3.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding IMAX CORP (IMAX).