Sei Investments Co. raised its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,774 shares of the Wireless communications provider’s stock after purchasing an additional 4,506 shares during the quarter. Sei Investments Co. owned about 0.05% of Rogers Communications worth $13,382,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Trexquant Investment LP purchased a new stake in shares of Rogers Communications in the third quarter valued at about $205,000. Fort Pitt Capital Group LLC purchased a new stake in shares of Rogers Communications in the third quarter valued at about $211,000. Cumberland Partners Ltd purchased a new stake in shares of Rogers Communications in the third quarter valued at about $245,000. Dean Capital Investments Management LLC purchased a new stake in shares of Rogers Communications in the fourth quarter valued at about $485,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Rogers Communications by 26.6% in the third quarter. Cubist Systematic Strategies LLC now owns 10,380 shares of the Wireless communications provider’s stock valued at $535,000 after acquiring an additional 2,178 shares in the last quarter. Institutional investors own 47.00% of the company’s stock.
Several brokerages have recently weighed in on RCI. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research raised shares of Rogers Communications from a “sell” rating to a “hold” rating in a report on Monday, January 29th. National Bank Financial downgraded shares of Rogers Communications from an “outperform” rating to a “sector perform” rating in a report on Friday, January 26th. Barclays reaffirmed a “hold” rating and issued a $55.00 target price on shares of Rogers Communications in a report on Friday, January 26th. Finally, Bank of America began coverage on shares of Rogers Communications in a report on Tuesday, November 21st. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $62.75.
Shares of Rogers Communications Inc. (NYSE:RCI) opened at $45.67 on Friday. The company has a market cap of $23,485.63, a PE ratio of 17.84, a P/E/G ratio of 2.91 and a beta of 0.86. Rogers Communications Inc. has a fifty-two week low of $41.33 and a fifty-two week high of $54.95. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 2.00.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.63 billion. Rogers Communications had a net margin of 12.09% and a return on equity of 30.65%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. analysts forecast that Rogers Communications Inc. will post 3.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Monday, March 12th will be issued a $0.3843 dividend. This represents a $1.54 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, March 9th. Rogers Communications’s dividend payout ratio (DPR) is presently 59.77%.
TRADEMARK VIOLATION WARNING: “Sei Investments Co. Acquires 4,506 Shares of Rogers Communications Inc. (RCI)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/23/sei-investments-co-acquires-4506-shares-of-rogers-communications-inc-rci.html.
Rogers Communications Profile
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter.