Toronto Dominion Bank lowered its position in shares of DHX Media Ltd. (NASDAQ:DHXM) by 88.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,420 shares of the company’s stock after selling 224,034 shares during the quarter. Toronto Dominion Bank’s holdings in DHX Media were worth $42,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in DHXM. Bank of Montreal Can raised its holdings in shares of DHX Media by 2,055.6% during the second quarter. Bank of Montreal Can now owns 240,740 shares of the company’s stock valued at $351,000 after acquiring an additional 229,572 shares during the period. Lido Advisors LLC increased its stake in DHX Media by 22.5% in the 1st quarter. Lido Advisors LLC now owns 401,297 shares of the company’s stock valued at $613,000 after buying an additional 73,700 shares during the period. Cutter & CO Brokerage Inc. acquired a new position in DHX Media in the 2nd quarter valued at approximately $85,000. Pinnacle Associates Ltd. acquired a new position in DHX Media in the 2nd quarter valued at approximately $73,000. Finally, Insight 2811 Inc. acquired a new position in DHX Media in the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 39.74% of the company’s stock.
DHXM stock traded down $0.01 during trading hours on Friday, hitting $1.24. The company’s stock had a trading volume of 100 shares, compared to its average volume of 102,423. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $169.53 million, a PE ratio of 41.37 and a beta of 0.96. DHX Media Ltd. has a 12 month low of $0.95 and a 12 month high of $2.78. The stock has a 50 day moving average price of $1.29 and a two-hundred day moving average price of $1.45.
Separately, Echelon Wealth Partners set a $3.00 price objective on shares of DHX Media and gave the company a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.00.
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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