As Imax (IMAX) Shares Declined, Holder Welch Capital Partners Cut Holding; As Dominos Pizza (DPZ) Valuation Rose, Holder Sheets Smith Wealth Management Decreased Its Position by $582,714

January 14, 2018 - By Linda Rogers

Leighton Welch decreased its stake in Imax Corp (IMAX) by 22.44% based on its latest 2017Q3 regulatory filing with the SEC. Welch Capital Partners Llc sold 42,830 shares as the company’s stock declined 13.83% while stock markets rallied. The hedge fund run by Leighton Welch held 148,060 shares of the industrial machinery and components company at the end of 2017Q3, valued at $3.35M, down from 190,890 at the end of the previous reported quarter. Welch Capital Partners Llc who had been investing in Imax Corp for a number of months, seems to be less bullish one the $1.34B market cap company. The stock increased 2.48% or $0.5 during the last trading session, reaching $20.7. About 493,088 shares traded. IMAX Corporation (NYSE:IMAX) has declined 15.66% since January 14, 2017 and is downtrending. It has underperformed by 32.36% the S&P500.

Sheets Smith Wealth Management decreased its stake in Dominos Pizza Inc (DPZ) by 56.07% based on its latest 2017Q3 regulatory filing with the SEC. Sheets Smith Wealth Management sold 2,943 shares as the company’s stock rose 4.19% with the market. The institutional investor held 2,306 shares of the food distributors company at the end of 2017Q3, valued at $458,000, down from 5,249 at the end of the previous reported quarter. Sheets Smith Wealth Management who had been investing in Dominos Pizza Inc for a number of months, seems to be less bullish one the $9.24 billion market cap company. The stock increased 0.62% or $1.3 during the last trading session, reaching $211.15. About 1.02 million shares traded. Domino's Pizza, Inc. (NYSE:DPZ) has risen 62.06% since January 14, 2017 and is uptrending. It has outperformed by 45.36% the S&P500.

Since October 17, 2017, it had 0 insider buys, and 2 sales for $4.56 million activity. On Tuesday, October 17 the insider WEINER RUSSELL J sold $1.42M.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.15, from 1.3 in 2017Q2. It dived, as 39 investors sold DPZ shares while 105 reduced holdings. 55 funds opened positions while 110 raised stakes. 42.77 million shares or 4.32% less from 44.70 million shares in 2017Q2 were reported. Nuveen Asset Management Limited Liability Corporation owns 33,676 shares. Rothschild Invest Corp Il has 3,550 shares. Brown Advisory owns 1,038 shares. Korea holds 23,904 shares. Jane Street Grp Inc Ltd holds 0% of its portfolio in Domino's Pizza, Inc. (NYSE:DPZ) for 6,725 shares. Ls Advisors Limited Liability reported 5,548 shares. Stephens Investment Mgmt Gp Limited Liability Company has invested 0.23% in Domino's Pizza, Inc. (NYSE:DPZ). Profund Advsrs Limited Liability Co invested 0.05% in Domino's Pizza, Inc. (NYSE:DPZ). Vanguard owns 4.39M shares for 0.04% of their portfolio. Panagora Asset Management accumulated 5,931 shares. Kayne Anderson Rudnick Limited Com stated it has 18,052 shares or 0.03% of all its holdings. Breton Hill Cap Limited owns 3,844 shares or 0.14% of their US portfolio. Mcf Advsrs Limited invested 0.03% of its portfolio in Domino's Pizza, Inc. (NYSE:DPZ). Deutsche Retail Bank Ag holds 0.02% or 166,593 shares in its portfolio. California State Teachers Retirement Systems owns 79,852 shares for 0.04% of their portfolio.

Among 25 analysts covering Domino’s Pizza (NYSE:DPZ), 16 have Buy rating, 0 Sell and 9 Hold. Therefore 64% are positive. Domino’s Pizza had 63 analyst reports since August 28, 2015 according to SRatingsIntel. Bank of America upgraded Domino's Pizza, Inc. (NYSE:DPZ) on Friday, October 14 to “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, December 12 report. As per Monday, October 12, the company rating was maintained by Maxim Group. Evercore initiated Domino's Pizza, Inc. (NYSE:DPZ) on Tuesday, April 5 with “Hold” rating. Maxim Group maintained the stock with “Buy” rating in Friday, December 22 report. On Wednesday, October 14 the stock rating was maintained by Numis Securities with “Buy”. The firm has “Buy” rating given on Friday, January 15 by Maxim Group. As per Monday, May 1, the company rating was maintained by Stephens. The stock has “Buy” rating by Oppenheimer on Thursday, January 4. The company was maintained on Thursday, April 13 by Jefferies.

Sheets Smith Wealth Management, which manages about $700.54M and $396.50M US Long portfolio, upped its stake in Laboratory Corp Amer Hldgs (NYSE:LH) by 8,265 shares to 9,765 shares, valued at $1.47M in 2017Q3, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 3,829 shares in the quarter, for a total of 116,308 shares, and has risen its stake in American Vanguard Corp (NYSE:AVD).

Analysts await Domino's Pizza, Inc. (NYSE:DPZ) to report earnings on February, 27. They expect $1.97 EPS, up 33.11% or $0.49 from last year’s $1.48 per share. DPZ’s profit will be $86.18 million for 26.80 P/E if the $1.97 EPS becomes a reality. After $1.27 actual EPS reported by Domino's Pizza, Inc. for the previous quarter, Wall Street now forecasts 55.12% EPS growth.

Welch Capital Partners Llc, which manages about $347.76M and $296.79 million US Long portfolio, upped its stake in Materials Select Sector Spdr Fund (XLB) by 105,890 shares to 135,060 shares, valued at $7.67M in 2017Q3, according to the filing. It also increased its holding in Newell Brands Inc (NYSE:NWL) by 12,840 shares in the quarter, for a total of 182,600 shares, and has risen its stake in United Continental Holdings (NYSE:UAL).

Among 18 analysts covering IMAX (NYSE:IMAX), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. IMAX had 54 analyst reports since July 21, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $3300 target in Tuesday, July 18 report. The stock has “Buy” rating by Roth Capital on Wednesday, July 20. The stock has “Buy” rating by B. Riley & Co on Tuesday, October 20. As per Friday, September 22, the company rating was maintained by Canaccord Genuity. Wedbush maintained IMAX Corporation (NYSE:IMAX) on Monday, January 8 with “Buy” rating. As per Wednesday, June 7, the company rating was downgraded by Benchmark. The stock has “Hold” rating by Piper Jaffray on Tuesday, January 9. On Wednesday, January 10 the stock rating was downgraded by PiperJaffray to “Neutral”. On Friday, October 27 the stock rating was upgraded by JP Morgan to “Overweight”. The stock of IMAX Corporation (NYSE:IMAX) has “Buy” rating given on Thursday, September 14 by Piper Jaffray.

Analysts await IMAX Corporation (NYSE:IMAX) to report earnings on February, 22. They expect $0.34 EPS, up 161.54% or $0.21 from last year’s $0.13 per share. IMAX’s profit will be $22.01 million for 15.22 P/E if the $0.34 EPS becomes a reality. After $0.03 actual EPS reported by IMAX Corporation for the previous quarter, Wall Street now forecasts 1,033.33% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>