DHX Media’s (DHXM) “Buy” Rating Reiterated at TD Securities
A number of other analysts have also weighed in on the stock. Scotiabank reiterated an outperform rating and set a $9.00 target price on shares of DHX Media in a report on Saturday. RBC Capital Markets reiterated an outperform rating and set a $10.00 target price on shares of DHX Media in a report on Friday. Finally, National Bank Financial raised shares of 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 note on Thursday, November 10th. Seven research 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 50 day moving average price of $5.09 and a 200-day moving average price of $5.36. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Tuesday, November 29th will be paid a dividend of $0.0134 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, November 25th.
Several institutional investors have recently made changes to their positions in the stock. 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 worth $11,231,000 after buying an additional 12,500 shares in the last quarter. 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 worth $3,995,000 after buying an additional 60,560 shares in the last quarter. Sprott Inc. increased its position 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 in the last quarter. Diker Management LLC increased its position in shares of DHX Media by 2.6% in the third quarter. Diker Management LLC now owns 181,400 shares of the company’s stock worth $950,000 after buying an additional 4,600 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position 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 in 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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