DHX Media (DHXM) Receives Buy Rating from TD Securities
TD Securities reissued their buy rating on shares of DHX Media (NASDAQ:DHXM) in a research report sent to investors on Friday. TD Securities currently has a $9.00 price target on the stock, down from their prior price target of $9.50.
Several other equities research analysts also recently weighed in on the stock. Scotiabank reissued an outperform rating and issued a $9.00 target price on shares of DHX Media in a research report on Friday. RBC Capital Markets reissued an outperform rating and issued a $10.00 target price on shares of DHX Media in a research report on Friday, September 23rd. Seven equities research analysts have rated the stock with a buy rating, DHX Media has an average rating of Buy and an average price target of $10.00.
DHX Media (NASDAQ:DHXM) opened at 5.17 on Friday. The firm has a 50-day moving average of $5.79 and a 200-day moving average of $5.49. The stock has a market capitalization of $691.61 million and a PE ratio of 31.14. DHX Media has a one year low of $4.56 and a one year high of $7.40.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Tuesday, October 11th will be paid a dividend of $0.0138 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.07%. This is a positive change from DHX Media’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, October 6th.
A number of hedge funds and other institutional investors have recently bought and sold shares of DHXM. Bank of Montreal Can purchased a new position in DHX Media during the second quarter worth about $126,000. Cidel Asset Management Inc. raised its position in DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock worth $385,000 after buying an additional 700 shares during the last quarter. Diker Management LLC raised its position in DHX Media by 430.9% in the second quarter. Diker Management LLC now owns 176,800 shares of the company’s stock worth $903,000 after buying an additional 143,500 shares during the last quarter. Sprott Inc. raised its position in DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock worth $3,660,000 after buying an additional 212,000 shares during the last quarter. Finally, FMR LLC raised its position in DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock worth $3,995,000 after buying an additional 60,560 shares during the last quarter.
DHX Media Company Profile
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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