DHX Media (DHXM) Earns “Outperform” Rating from Scotiabank
Scotiabank reissued their outperform rating on shares of DHX Media (NASDAQ:DHXM) in a research note issued to investors on Saturday morning. Scotiabank currently has a $9.00 price objective on the stock.
DHXM has been the subject of several other reports. TD Securities reaffirmed a buy rating and set a $9.50 price objective on shares of DHX Media in a research note on Sunday, September 4th. RBC Capital Markets reaffirmed an outperform rating and set a $10.00 price objective on shares of DHX Media in a research note on Friday, September 23rd. Finally, National Bank Financial raised DHX Media from a sector perform rating to an outperform rating and upped their price objective for the company from $8.00 to $8.50 in a research note on Thursday, November 10th. Seven investment analysts have rated the stock with a buy rating, DHX Media currently has an average rating of Buy and an average target price of $9.58.
DHX Media (NASDAQ:DHXM) opened at 5.05 on Friday. The stock has a market cap of $675.56 million and a P/E ratio of 30.98. DHX Media has a 52-week low of $4.56 and a 52-week high of $7.40. The stock has a 50 day moving average price of $5.09 and a 200 day moving average price of $5.36.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Tuesday, November 29th will be given a dividend of $0.0134 per share. This represents a $0.05 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, November 25th.
Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in DHX Media during the second quarter valued at about $126,000. Sprott Inc. boosted its position in DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock valued at $3,660,000 after buying an additional 212,000 shares during the last quarter. Cidel Asset Management Inc. boosted 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 valued at $385,000 after buying an additional 700 shares during the last quarter. Diker Management LLC boosted its position in DHX Media by 2.6% in the third quarter. Diker Management LLC now owns 181,400 shares of the company’s stock valued at $950,000 after buying an additional 4,600 shares during the last quarter. Finally, FMR LLC boosted its position in 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.
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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