DHX Media’s (DHXM) “Buy” Rating Reiterated at TD Securities
TD Securities reiterated their buy rating on shares of DHX Media (NASDAQ:DHXM) in a research note published on Friday. The brokerage currently has a $9.00 target price on the stock, down from their prior target price of $9.50.
A number of other equities analysts also recently commented on DHXM. Scotiabank reaffirmed an outperform rating and issued a $9.00 price objective on shares of DHX Media in a report on Friday, September 30th. RBC Capital Markets reaffirmed an outperform rating and issued a $10.00 price objective on shares of DHX Media in a report on Friday, September 23rd. Seven equities research analysts have rated the stock with a buy rating, DHX Media presently has an average rating of Buy and an average price target of $10.00.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.44 on Friday. The firm has a market capitalization of $727.73 million and a PE ratio of 32.77. The company has a 50-day moving average of $5.76 and a 200-day moving average of $5.49. DHX Media has a 52 week low of $4.56 and a 52 week high of $7.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Tuesday, October 11th will be issued a dividend of $0.0138 per share. This is an increase from DHX Media’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, October 6th. This represents a $0.06 annualized dividend and a dividend yield of 1.01%.
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 valued at $11,231,000 after buying an additional 12,500 shares during the period. Bank of Montreal Can bought a new stake in shares of DHX Media during the second quarter worth $126,000. Cidel Asset Management Inc. boosted its stake in shares of DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock worth $385,000 after buying an additional 700 shares in the last quarter. 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 in the last quarter. Finally, 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 in the last quarter.
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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