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DHXM

DHX Media

$1.08

-0.11 (-9.24%)

, SNE

Sony

$56.86

-0.175 (-0.31%)

05:34
09/25/18
09/25
05:34
09/25/18
05:34

DHX Media concludes strategic review

DHX Media (DHXM) announced that the Special Committee of its board has concluded its Strategic Review. As part of the Strategic Review, the company has signed a multi-million-dollar agency agreement for Peanuts in China and Asia with CAA Global Brand Management Group LLP, a division of Global Brands Group, which follows the previously announced sale of a minority stake in Peanuts to Sony (SNE) for $178M. The company also announces that it has refocused its content strategy to prioritize investment in WildBrain, and the development of premium content for major streaming services and broadcasters. Additionally, as an outcome of the Strategic Review, DHX Media's board has suspended the company's quarterly dividend, effective immediately, freeing up approximately $10M in annual funds, to invest in our rapidly growing WildBrain business and to continue paying down debt. Under the Strategic Review, the Special Committee, together with the company's executive team and bankers, assessed a wide range of options to enhance shareholder value. Interest was received from multiple parties for a variety of assets, business combinations and strategic partnerships, and while we chose to move forward only with certain transactions that offered the best value for shareholders, we found that the process affirmed the strength of our asset portfolio. During the Strategic Review, the company also undertook a comprehensive internal review of its management team, operational processes and structures, and its content strategy. The combined Strategic and internal review process, once fully implemented, is expected to generate $11M in annualized operating savings.

DHXM

DHX Media

$1.08

-0.11 (-9.24%)

SNE

Sony

$56.86

-0.175 (-0.31%)

  • 25

    Sep

DHXM DHX Media
$1.08

-0.11 (-9.24%)

09/28/17
RBCM
09/28/17
DOWNGRADE
RBCM
Sector Perform
DHX Media downgraded to Sector Perform from Outperform at RBC Capital
09/28/17
NATB
09/28/17
DOWNGRADE
NATB
Sector Perform
DHX Media downgraded to Sector Perform from Outperform at National Bank
09/29/17
ADAM
09/29/17
DOWNGRADE
ADAM
Hold
DHX Media downgraded to Hold from Buy at Canaccord
09/29/17
09/29/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. DHX Media (DHXM) downgraded to Hold from Buy at Canaccord. 2. Alcobra (ADHD) downgraded to Neutral from Buy at Roth Capital with analyst Michael Higgins citing the company's announcement that it plans to merge with privately-held Arcturus Therapeutics in an all-stock transaction. 3. Scana (SCG) downgraded to Sell from Hold at Williams Capital with analyst Christopher Ellinghaus citing a new shareholder lawsuit accusing the company of manipulating the stock regarding the development of the V.C. Summer nuclear project. 4. Townsquare Media (TSQ) downgraded to Underperform from Buy at BofA/Merrill with analyst Bryan Goldberg citing headwinds and lack of catalysts. 5. Norbord (OSB) downgraded to Underperform from Market Perform at BMO Capital with analyst Ketan Mamtora citing valuation and upcoming OSB supply increases. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SNE Sony
$56.86

-0.175 (-0.31%)

04/20/18
PIPR
04/20/18
NO CHANGE
PIPR
March NPD video game software sales fell 25%, says Piper Jaffray
March NPD video game software sales declined 25% year-over-year due to a tough compare with the launch of Nintendo's (NTDOY) Switch console a year ago and its highly successful launch title, The Legend of Zelda, Piper Jaffray analyst Michael Olson tells investors in a research note. The top two titles in the month were Ubisoft's Far Cry 5 and Sony's (SNE) MLB: The Show, but combined, the two generated less revenue than last year's Zelda, Olson adds. He views this month's data as less relevant given the absence of a major launch from Activision Blizzard (ATVI), Electronic Arts (EA) or Take-Two (TTWO). However, Olson thinks the March NPD data is most positive for Activision and least favorable for EA, which he says faced difficult compares to the launch of Mass Affect: Andromeda the prior year. The analyst keeps Overweight ratings on Activision, EA and Take-Two.
05/07/18
UBSW
05/07/18
DOWNGRADE
UBSW
Neutral
Sony downgraded to Neutral from Buy at UBS
06/20/18
PIPR
06/20/18
NO CHANGE
PIPR
May NPD video game software sales rose 15%, says Piper Jaffray
May NPD video game software sales were up 15% year-over-year, driven by Sony (SNE) and Nintendo (NTDOY) launches of first-party titles, Piper Jaffray analyst Michael Olson tells investors in a research note. The analyst views May NPD data as less relevant for publishers since there were no major launches from Activision Blizzard (ATVI), Electronic Arts (EA) or Take-Two (TTWO). He maintains Overweight ratings on all three names.
09/10/18
FBCO
09/10/18
UPGRADE
FBCO
Outperform
Sony upgraded to Outperform from Neutral at Credit Suisse

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T

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GS

Goldman Sachs

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DB

Deutsche Bank

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UAL

United Continental

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Target

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INTC

Intel

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BA

Boeing

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Goldman Sachs

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BA

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ESLT

Elbit Systems

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AMGN

Amgen

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SILK

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EDIT

Editas Medicine

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SNSS

Sunesis

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APLS

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FTSV

Forty Seven

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AZN

AstraZeneca

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STRO

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BPMC

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INCY

Incyte

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