DHX Media Ltd. (DHXM) Receives Consensus Recommendation of “Hold” from Brokerages

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Shares of DHX Media Ltd. (NASDAQ:DHXM) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company.

A number of equities research analysts recently weighed in on the company. TD Securities reissued a “hold” rating on shares of DHX Media in a research report on Tuesday, November 13th. National Bank Financial downgraded DHX Media from a “sector perform” rating to an “underperform” rating in a report on Monday, December 10th. B. Riley reaffirmed a “hold” rating on shares of DHX Media in a report on Monday, December 17th. Canaccord Genuity reaffirmed a “hold” rating on shares of DHX Media in a report on Tuesday, November 13th. Finally, Echelon Wealth Partners reaffirmed a “buy” rating on shares of DHX Media in a report on Monday, December 17th.

DHXM traded down $0.30 on Friday, reaching $1.59. The company’s stock had a trading volume of 25,318 shares, compared to its average volume of 117,736. DHX Media has a 1 year low of $0.80 and a 1 year high of $3.70. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.71 and a quick ratio of 1.71.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EastBay Asset Management LLC boosted its holdings in DHX Media by 19.0% during the fourth quarter. EastBay Asset Management LLC now owns 24,778,927 shares of the company’s stock valued at $55,505,000 after purchasing an additional 3,955,208 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of DHX Media in the 3rd quarter worth approximately $15,554,000. PenderFund Capital Management Ltd. boosted its holdings in shares of DHX Media by 107.1% in the 3rd 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. Toronto Dominion Bank boosted its holdings in shares of DHX Media by 916.3% in the 4th quarter. Toronto Dominion Bank now owns 241,070 shares of the company’s stock worth $395,000 after acquiring an additional 217,350 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new position in shares of DHX Media in the 3rd quarter worth approximately $241,000. 57.31% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for DHX Media (NASDAQ:DHXM)

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