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IMAX Corporation $IMAX Shares Acquired by Citigroup Inc.
Citigroup Inc. significantly increased its stake in IMAX Corporation (NYSE:IMAX) by 267.7% in the third quarter, acquiring 48,609 additional shares. This move by Citigroup, along with investments from other major institutions, highlights strong institutional interest in IMAX, which now boasts 93.51% institutional ownership. The boosted confidence comes as IMAX reported strong quarterly earnings, beating analyst expectations with $0.58 EPS and $125.21 million in revenue.