Assenagon Asset Management S.A. grew its holdings in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 234.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 125,012 shares of the company’s stock after buying an additional 87,588 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Shaw Communications were worth $2,871,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp bought a new position in shares of Shaw Communications during the second quarter valued at approximately $2,283,000. Eqis Capital Management Inc. boosted its holdings in shares of Shaw Communications by 18.9% in the third quarter. Eqis Capital Management Inc. now owns 24,934 shares of the company’s stock valued at $574,000 after purchasing an additional 3,959 shares during the period. Mawer Investment Management Ltd. boosted its holdings in shares of Shaw Communications by 1.4% in the second quarter. Mawer Investment Management Ltd. now owns 9,508,434 shares of the company’s stock valued at $207,499,000 after purchasing an additional 133,961 shares during the period. State of Wisconsin Investment Board boosted its holdings in shares of Shaw Communications by 1.4% in the second quarter. State of Wisconsin Investment Board now owns 309,225 shares of the company’s stock valued at $6,736,000 after purchasing an additional 4,412 shares during the period. Finally, Marshall Wace North America L.P. boosted its holdings in shares of Shaw Communications by 31.7% in the second quarter. Marshall Wace North America L.P. now owns 31,715 shares of the company’s stock valued at $698,000 after purchasing an additional 7,639 shares during the period. 51.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Shaw Communications Inc. (SJR) traded up $0.06 during trading on Friday, reaching $22.81. 718,700 shares of the company were exchanged, compared to its average volume of 498,370. The stock has a market cap of $11,410.00, a price-to-earnings ratio of 26.76, a PEG ratio of 4.33 and a beta of 0.97. Shaw Communications Inc. has a 1 year low of $19.02 and a 1 year high of $23.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.80 and a quick ratio of 0.72.
The business also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be paid a $0.0781 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Wednesday, February 14th. Shaw Communications’s dividend payout ratio is presently 105.75%.
A number of analysts have weighed in on the company. BidaskClub lowered Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Zacks Investment Research downgraded Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Barclays PLC upped their target price on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.00.
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Shaw Communications Profile
Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.
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