DHX Media (NASDAQ:DHXM) has been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.00.

Several brokerages have recently weighed in on DHXM. TD Securities reissued a “buy” rating and set a $9.00 price objective (down previously from $9.50) on shares of DHX Media in a report on Friday, September 30th. Scotiabank reissued an “outperform” rating and set a $9.00 price objective on shares of DHX Media in a report on Friday, September 30th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $10.00 price objective on shares of DHX Media in a report on Friday, September 23rd.

A number of hedge funds have recently made changes to their positions in DHXM. Cidel Asset Management Inc. increased its position in shares of DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock valued at $385,000 after buying an additional 700 shares during the last quarter. Pembroke Management LTD increased its position in shares of DHX Media by 0.7% in the second quarter. Pembroke Management LTD now owns 1,696,660 shares of the company’s stock valued at $11,231,000 after buying an additional 12,500 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of DHX Media during the second quarter valued at about $126,000. FMR LLC increased its position in shares of DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock valued at $3,995,000 after buying an additional 60,560 shares during the last quarter. Finally, Diker Management LLC increased its position in shares of DHX Media by 430.9% in the second quarter. Diker Management LLC now owns 176,800 shares of the company’s stock valued at $903,000 after buying an additional 143,500 shares during the last quarter.

DHX Media (NASDAQ:DHXM) opened at 5.08 on Wednesday. The stock’s 50 day moving average price is $5.58 and its 200-day moving average price is $5.47. The firm has a market capitalization of $679.57 million and a price-to-earnings ratio of 30.60. DHX Media has a one year low of $4.56 and a one year high of $7.40.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Tuesday, October 11th will be paid a $0.0138 dividend. 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. This represents a $0.06 annualized dividend and a yield of 1.09%.

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.

5 Day Chart for NASDAQ:DHXM

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