DHX Media (DHXM) Stock Rating Reaffirmed by RBC Capital Markets
DHX Media (NASDAQ:DHXM)‘s stock had its “outperform” rating reissued by RBC Capital Markets in a research note issued on Thursday.
Other equities analysts also recently issued research reports about the company. TD Securities reissued a “buy” rating and set a $9.00 price target (down previously from $9.50) on shares of DHX Media in a research report on Friday, September 30th. National Bank Financial raised DHX Media from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $8.00 to $8.50 in a research report on Thursday. Finally, Scotiabank reissued an “outperform” rating and set a $9.00 price target on shares of DHX Media in a research report on Friday, September 30th. Seven analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $9.58.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.06 on Thursday. The company has a 50-day moving average price of $5.13 and a 200 day moving average price of $5.39. DHX Media has a 12-month low of $4.56 and a 12-month high of $7.40. The company has a market capitalization of $676.90 million and a P/E ratio of 30.85.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Tuesday, October 11th were paid a dividend of $0.0138 per share. This is a boost from DHX Media’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, October 6th.
Several large investors have recently modified their holdings of DHXM. Sprott Inc. boosted its stake in shares of 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 period. Diker Management LLC boosted its stake 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 worth $903,000 after buying an additional 143,500 shares during the period. FMR LLC boosted its stake in shares of 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 period. Bank of Montreal Can bought a new stake in shares of DHX Media during the second quarter worth $126,000. Finally, Cidel Asset Management Inc. boosted its stake in shares of DHX Media by 20.6% in the third quarter. Cidel Asset Management Inc. now owns 91,200 shares of the company’s stock worth $478,000 after buying an additional 15,600 shares during the period.
About DHX Media
DHX Media Ltd. is a creator, producer, distributor, licensor and broadcaster of kids and family television and film productions. The Company develops, produces and distributes films and television programs for the domestic and international market, broadcasts films and television programs for the domestic markets, as well, the Company manages copyrights, licensing and brands for third parties.
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