DHX Media (DHXM) Receives Average Recommendation of “Buy” from Brokerages
DHX Media (NASDAQ:DHXM) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the firm. Seven equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is $10.00.
A number of analysts recently commented on the stock. TD Securities reiterated a “buy” rating and issued a $9.00 target price (down from $9.50) on shares of DHX Media in a report on Friday, September 30th. Scotiabank reiterated an “outperform” rating and issued a $9.00 target price on shares of DHX Media in a report on Friday, September 30th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $10.00 target price on shares of DHX Media in a report on Friday, September 23rd.
DHX Media (NASDAQ:DHXM) traded up 0.39% during trading on Wednesday, reaching $5.18. 392 shares of the company’s stock were exchanged. The stock has a market capitalization of $692.95 million and a price-to-earnings ratio of 31.20. DHX Media has a 52 week low of $4.56 and a 52 week high of $7.40. The company’s 50 day moving average price is $5.66 and its 200-day moving average price is $5.48.
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The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Tuesday, October 11th will be given a $0.0138 dividend. This is an increase from DHX Media’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, October 6th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sprott Inc. increased 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 period. Diker Management LLC increased its position in 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 period. FMR LLC increased 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 period. Bank of Montreal Can purchased a new position in DHX Media during the second quarter valued at $126,000. Finally, Pembroke Management LTD increased its position in 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 period.
About DHX Media
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.
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