BidaskClub upgraded shares of DHX Media (NASDAQ:DHXM) from a hold rating to a buy rating in a report released on Wednesday morning.
Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity restated a hold rating on shares of DHX Media in a research note on Tuesday, November 13th. TD Securities restated a hold rating on shares of DHX Media in a research note on Tuesday, November 13th. CIBC cut DHX Media from a neutral rating to an underperform rating in a research note on Wednesday, November 14th. Finally, National Bank Financial restated a hold rating on shares of DHX Media in a research note on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold.
DHXM stock opened at $2.56 on Wednesday. DHX Media has a twelve month low of $0.80 and a twelve month high of $4.00. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.90.
Several institutional investors have recently added to or reduced their stakes in DHXM. EastBay Asset Management LLC raised its position in DHX Media by 23.7% in the third quarter. EastBay Asset Management LLC now owns 20,823,719 shares of the company’s stock worth $29,978,000 after acquiring an additional 3,989,888 shares in the last quarter. Primecap Management Co. CA purchased a new position in DHX Media in the third quarter worth $15,554,000. Fiera Capital Corp purchased a new position in DHX Media in the second quarter worth $13,207,000. Toronto Dominion Bank raised its position in DHX Media by 6,841,181.0% in the second quarter. Toronto Dominion Bank now owns 1,436,669 shares of the company’s stock worth $2,984,000 after acquiring an additional 1,436,648 shares in the last quarter. Finally, PenderFund Capital Management Ltd. raised its position in DHX Media by 107.1% in the third quarter. PenderFund Capital Management Ltd. now owns 1,070,600 shares of the company’s stock worth $2,270,000 after acquiring an additional 553,600 shares in the last quarter. Institutional investors and hedge funds own 54.21% of the company’s stock.
DHX Media Company Profile
DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.
Read More: What factors cause inflation to rise?
Receive News & Ratings for DHX Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHX Media and related companies with MarketBeat.com's FREE daily email newsletter.