DHX Media (DHXM) Upgraded to Sector Perform at National Bank Financial

National Bank Financial upgraded shares of DHX Media (NASDAQ:DHXM) from an underperform rating to a sector perform rating in a research note issued to investors on Thursday, The Fly reports.

Other equities analysts have also recently issued research reports about the stock. TD Securities reiterated a hold rating on shares of DHX Media in a research note on Tuesday, November 13th. B. Riley restated a hold rating on shares of DHX Media in a research note on Monday, December 17th. Canaccord Genuity restated a hold rating on shares of DHX Media in a research note on Tuesday, November 13th. Echelon Wealth Partners restated a buy rating on shares of DHX Media in a research note on Monday, December 17th. Finally, CIBC downgraded DHX Media from a neutral rating to an underperform rating in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. DHX Media has a consensus rating of Hold.

Shares of NASDAQ DHXM traded up $0.22 during mid-day trading on Thursday, hitting $2.00. The stock had a trading volume of 118,073 shares, compared to its average volume of 74,009. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.90. DHX Media has a 1 year low of $0.80 and a 1 year high of $4.00.

DHX Media (NASDAQ:DHXM) last issued its quarterly earnings data on Tuesday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $79.61 million for the quarter. DHX Media had a negative net margin of 5.73% and a negative return on equity of 2.51%.

Hedge funds have recently added to or reduced their stakes in the business. Primecap Management Co. CA acquired a new stake in DHX Media in the third quarter worth about $15,554,000. CIBC World Markets Inc. purchased a new stake in shares of DHX Media in the third quarter valued at approximately $241,000. EastBay Asset Management LLC increased its position in shares of DHX Media by 23.7% in the third quarter. EastBay Asset Management LLC now owns 20,823,719 shares of the company’s stock valued at $29,978,000 after buying an additional 3,989,888 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of DHX Media in the second quarter valued at approximately $966,000. Finally, PenderFund Capital Management Ltd. increased its position in shares of DHX Media by 107.1% in the third quarter. PenderFund Capital Management Ltd. now owns 1,070,600 shares of the company’s stock valued at $2,270,000 after buying an additional 553,600 shares in the last quarter. Institutional investors and hedge funds own 55.22% of the company’s stock.

About DHX Media

DHX Media Ltd. is engages in developing, producing, distributing, broadcasting, and exploiting the rights for television and film programming and brands. It operates through the following segments: Content Business, DHX Television, and Consumer Products Represented. The Content Business segment includes proprietary production, production service, distribution of proprietary and third party content.

Featured Article: Fundamental Analysis

The Fly

Analyst Recommendations for DHX Media (NASDAQ:DHXM)

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.

Leave a Reply