Citadel Advisors LLC bought a new position in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 9,489 shares of the company’s stock, valued at approximately $217,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Eqis Capital Management Inc. increased its stake in shares of Shaw Communications by 49.8% in the 4th quarter. Eqis Capital Management Inc. now owns 37,354 shares of the company’s stock worth $853,000 after acquiring an additional 12,420 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Shaw Communications in the 4th quarter worth $467,000. USS Investment Management Ltd increased its stake in shares of Shaw Communications by 12.2% in the 3rd quarter. USS Investment Management Ltd now owns 332,309 shares of the company’s stock worth $7,655,000 after acquiring an additional 36,200 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Shaw Communications by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,217,477 shares of the company’s stock worth $28,111,000 after acquiring an additional 39,620 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Shaw Communications by 0.3% in the 4th quarter. CIBC World Markets Inc. now owns 5,654,060 shares of the company’s stock worth $129,082,000 after acquiring an additional 17,914 shares during the last quarter. 62.82% of the stock is owned by institutional investors and hedge funds.
Shares of Shaw Communications Inc (NYSE SJR) opened at $18.86 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $8,957.37, a PE ratio of 13.67, a P/E/G ratio of 4.00 and a beta of 0.96. Shaw Communications Inc has a 52-week low of $18.76 and a 52-week high of $23.44.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share. analysts predict that Shaw Communications Inc will post 0.94 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be given a dividend of $0.0795 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Thursday, April 12th. Shaw Communications’s payout ratio is 68.84%.
A number of analysts have issued reports on SJR shares. TD Securities raised Shaw Communications to a “buy” rating in a research note on Friday, January 12th. Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the stock a “hold” rating in a research note on Thursday, January 11th. Bank of America reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Shaw Communications in a research note on Tuesday, December 5th. Finally, Zacks Investment Research downgraded Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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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