DHXM has been the subject of a number of other reports. TD Securities reiterated a buy rating and issued a $9.00 price target (down from $9.50) on shares of DHX Media in a research note on Friday, September 30th. RBC Capital Markets reiterated an outperform rating and issued a $10.00 price target on shares of DHX Media in a research note on Friday, September 23rd. Finally, National Bank Financial upgraded DHX Media from a sector perform rating to an outperform rating and lifted their price target for the stock 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 a consensus rating of Buy and an average price target of $9.58.
DHX Media (NASDAQ:DHXM) opened at 5.05 on Friday. DHX Media has a 52-week low of $4.56 and a 52-week high of $7.40. The firm has a market cap of $675.56 million and a PE ratio of 30.98. The firm’s 50-day moving average price is $5.09 and its 200 day moving average price is $5.36.
The business 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 $0.0134 dividend. The ex-dividend date is Friday, November 25th. This represents a $0.05 dividend on an annualized basis and a yield of 1.06%.
A number of institutional investors have recently modified their holdings of DHXM. 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 during the last quarter. Bank of Montreal Can bought a new position in shares of DHX Media during the second quarter worth approximately $126,000. Cidel Asset Management Inc. increased its position 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 during 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 during the last quarter. Finally, 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 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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