EastBay Asset Management LLC lifted its stake in DHX Media Ltd. (NASDAQ:DHXM) by 19.0% in the 4th quarter, Holdings Channel reports. The firm owned 24,778,927 shares of the company’s stock after buying an additional 3,955,208 shares during the quarter. DHX Media makes up 17.2% of EastBay Asset Management LLC’s holdings, making the stock its 3rd largest holding. EastBay Asset Management LLC owned about 0.18% of DHX Media worth $55,505,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. PenderFund Capital Management Ltd. lifted its position 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 purchasing an additional 553,600 shares during the period. CIBC World Markets Inc. acquired a new position in shares of DHX Media in the 3rd quarter worth approximately $241,000. Primecap Management Co. CA acquired a new position in shares of DHX Media in the 3rd quarter worth approximately $15,554,000. Finally, Jane Street Group LLC acquired a new position in shares of DHX Media during the 3rd quarter valued at $168,000. 57.31% of the stock is owned by hedge funds and other institutional investors.
DHX Media stock opened at $1.89 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.90. DHX Media Ltd. has a 12-month low of $0.80 and a 12-month high of $3.70.
DHX Media (NASDAQ:DHXM) last released its earnings results on Tuesday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. DHX Media had a negative net margin of 5.73% and a negative return on equity of 2.51%. The company had revenue of $79.61 million for the quarter.
A number of research analysts recently issued reports on DHXM shares. National Bank Financial downgraded shares of DHX Media from a “sector perform” rating to an “underperform” rating in a research report on Monday, December 10th. CIBC downgraded shares of DHX Media from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 14th. Canaccord Genuity reiterated a “hold” rating on shares of DHX Media in a research report on Tuesday, November 13th. Echelon Wealth Partners reiterated a “buy” rating on shares of DHX Media in a research report on Monday, December 17th. Finally, B. Riley reiterated a “hold” rating on shares of DHX Media in a research report on Monday, December 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold”.
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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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