Echelon Wealth Partners set a $3.00 price objective on DHX Media (NASDAQ:DHXM) in a research report sent to investors on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.
Separately, B. Riley reaffirmed a buy rating on shares of DHX Media in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $3.00.
DHXM stock traded down $0.01 during trading hours on Tuesday, hitting $1.27. 4,423 shares of the stock traded hands, compared to its average volume of 118,829. The stock has a 50-day simple moving average of $1.33 and a 200 day simple moving average of $1.47. DHX Media has a one year low of $0.80 and a one year high of $2.78. The company has a market cap of $175.34 million, a P/E ratio of 42.33 and a beta of 0.96. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.96.
A number of hedge funds have recently made changes to their positions in the stock. Primecap Management Co. CA purchased a new stake in shares of DHX Media during the second quarter valued at $9,870,000. Citadel Advisors LLC purchased a new stake in shares of DHX Media during the second quarter valued at $31,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of DHX Media by 8.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 307,100 shares of the company’s stock valued at $436,000 after purchasing an additional 23,300 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of DHX Media by 2.5% during the second quarter. Lido Advisors LLC now owns 411,297 shares of the company’s stock valued at $600,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Perritt Capital Management Inc. purchased a new stake in shares of DHX Media during the second quarter valued at $467,000. 39.74% of the stock is owned by institutional investors and hedge funds.
About DHX Media
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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