Waratah Capital Advisors Ltd. bought a new stake in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 65,000 shares of the company’s stock, valued at approximately $1,487,000.
A number of other institutional investors have also added to or reduced their stakes in SJR. Alliancebernstein L.P. lifted its position in Shaw Communications by 31.8% during the 2nd quarter. Alliancebernstein L.P. now owns 60,578 shares of the company’s stock valued at $1,320,000 after purchasing an additional 14,604 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Shaw Communications in the 2nd quarter valued at approximately $252,000. Northern Trust Corp raised its position in shares of Shaw Communications by 0.4% in the 2nd quarter. Northern Trust Corp now owns 423,151 shares of the company’s stock valued at $9,221,000 after acquiring an additional 1,884 shares during the period. FMR LLC raised its position in shares of Shaw Communications by 123.7% in the 2nd quarter. FMR LLC now owns 1,064,237 shares of the company’s stock valued at $23,217,000 after acquiring an additional 588,581 shares during the period. Finally, Advisor Group Inc. raised its position in shares of Shaw Communications by 170.3% in the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after acquiring an additional 2,953 shares during the period. Institutional investors own 52.83% of the company’s stock.
Shares of Shaw Communications Inc (SJR) opened at $20.01 on Friday. The firm has a market cap of $9,533.88, a P/E ratio of 21.99, a P/E/G ratio of 4.21 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.76 and a quick ratio of 0.66. Shaw Communications Inc has a 52-week low of $19.92 and a 52-week high of $23.44.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings results on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. research analysts predict that Shaw Communications Inc will post 0.95 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a dividend of $0.0795 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.95 dividend on an annualized basis and a yield of 4.77%. Shaw Communications’s payout ratio is 66.67%.
SJR has been the topic of a number of analyst reports. Canaccord Genuity set a $28.00 price target on shares of Shaw Communications and gave the company a “hold” rating in a research report on Thursday, January 11th. TD Securities upgraded shares of Shaw Communications to a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Barclays increased their price target on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Finally, TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.00.
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Shaw Communications Company 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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