National Bank Financial upgraded shares of DHX Media (NASDAQ:DHXM) from an underperform rating to a sector perform rating in a research note published on Thursday, The Fly reports.
Other equities analysts have also issued research reports about the company. TD Securities reissued a hold rating on shares of DHX Media in a research note on Tuesday, November 13th. Canaccord Genuity reaffirmed a hold rating on shares of DHX Media in a research note on Tuesday, November 13th. Echelon Wealth Partners reaffirmed a buy rating on shares of DHX Media in a research note on Monday, December 17th. CIBC lowered DHX Media from a neutral rating to an underperform rating in a research note on Wednesday, November 14th. Finally, B. Riley lowered DHX Media from a buy rating to a neutral rating in a research note on Monday, November 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold.
NASDAQ DHXM traded up $0.22 on Thursday, reaching $2.00. 118,073 shares of the company were exchanged, compared to its average volume of 74,009. 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 has a fifty-two week low of $0.80 and a fifty-two week high of $4.00.
Several institutional investors have recently made changes to their positions in DHXM. EastBay Asset Management LLC lifted its stake in DHX Media by 23.7% during the 3rd 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 acquired a new position in DHX Media during the 3rd quarter worth about $15,554,000. PenderFund Capital Management Ltd. lifted its stake in DHX Media by 107.1% during 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. Russell Investments Group Ltd. acquired a new position in DHX Media during the 2nd quarter worth about $966,000. Finally, CIBC World Markets Inc. acquired a new position in DHX Media during the 3rd quarter worth about $241,000. 55.22% of the stock is currently owned by institutional investors and hedge funds.
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.
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