Royal Bank Of Canada Lowers DHX Media Ltd (DHXM) to Sector Perform
DHX Media Ltd (NASDAQ:DHXM) was downgraded by investment analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report released on Thursday.
Shares of DHX Media (NASDAQ DHXM) opened at 4.90 on Thursday. DHX Media has a 12 month low of $3.80 and a 12 month high of $6.30. The company has a market cap of $656.58 million, a P/E ratio of 61.25 and a beta of 0.86. The company’s 50 day moving average is $5.22 and its 200 day moving average is $4.54.
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Several hedge funds and other institutional investors have recently bought and sold shares of DHXM. Simcoe Capital Management LLC raised its stake in shares of DHX Media by 55.9% during the 1st quarter. Simcoe Capital Management LLC now owns 2,332,250 shares of the company’s stock worth $9,811,000 after acquiring an additional 836,213 shares in the last quarter. Pembroke Management LTD raised its stake in shares of DHX Media by 10.9% during the 2nd quarter. Pembroke Management LTD now owns 1,636,660 shares of the company’s stock worth $9,378,000 after acquiring an additional 161,400 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of DHX Media during the 2nd quarter worth approximately $619,000. Cidel Asset Management Inc. raised its stake in shares of DHX Media by 0.7% during the 2nd quarter. Cidel Asset Management Inc. now owns 153,600 shares of the company’s stock worth $678,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Bard Associates Inc. raised its stake in shares of DHX Media by 0.4% during the 2nd quarter. Bard Associates Inc. now owns 884,972 shares of the company’s stock worth $3,894,000 after acquiring an additional 3,525 shares in the last quarter.
DHX Media Company Profile
DHX Media Ltd is a Canada-based 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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