Separately, TD Securities restated a buy rating and set a $9.50 target price on shares of DHX Media in a report on Sunday, September 4th. Seven analysts have rated the stock with a buy rating, DHX Media presently has an average rating of Buy and a consensus target price of $10.08.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.54 on Friday. The stock has a 50 day moving average of $5.78 and a 200-day moving average of $5.50. DHX Media has a 1-year low of $4.56 and a 1-year high of $7.40. The stock has a market capitalization of $692.80 million and a P/E ratio of 28.12.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in DHX Media during the second quarter valued at about $126,000. Cidel Asset Management Inc. boosted its stake in DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock valued at $385,000 after buying an additional 700 shares in the last quarter. Diker Management LLC boosted its stake 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 in the last quarter. Sprott Inc. boosted its stake 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 in the last quarter. Finally, FMR LLC boosted its stake 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 in the last quarter.
DHX Media Company Profile
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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