Citadel Advisors LLC bought a new position in Shaw Communications (NYSE:SJR) (TSE:SJR.B) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,489 shares of the company’s stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Commonwealth Bank of Australia raised its holdings in shares of Shaw Communications by 3.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 74,568 shares of the company’s stock worth $1,714,000 after purchasing an additional 2,591 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in shares of Shaw Communications by 2.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 136,210 shares of the company’s stock worth $3,130,000 after purchasing an additional 3,200 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Shaw Communications by 1.1% in the 3rd quarter. State of Wisconsin Investment Board now owns 312,484 shares of the company’s stock worth $7,176,000 after purchasing an additional 3,259 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in shares of Shaw Communications by 1.3% in the 4th quarter. Cidel Asset Management Inc. now owns 252,814 shares of the company’s stock worth $5,770,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in shares of Shaw Communications by 72.0% in the 3rd quarter. Advisor Group Inc. now owns 8,061 shares of the company’s stock worth $186,000 after purchasing an additional 3,374 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.
A number of research firms recently commented on SJR. Zacks Investment Research downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. TD Securities upgraded shares of Shaw Communications to a “buy” rating in a report on Friday, January 12th. Finally, Canaccord Genuity set a $28.00 target price on shares of Shaw Communications and gave the stock a “hold” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Shaw Communications has a consensus rating of “Hold” and an average target price of $27.00.
Shares of Shaw Communications stock traded down $0.28 during trading on Friday, hitting $19.15. The stock had a trading volume of 630,297 shares, compared to its average volume of 850,591. The company has a market cap of $9,566.19, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 4.07 and a beta of 0.93. 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 has a 1 year low of $18.50 and a 1 year high of $23.44.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its earnings results on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $0.18 earnings per share. analysts expect that Shaw Communications will post 0.94 EPS for the current fiscal year.
The business 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 yield of 4.98%. The ex-dividend date is Thursday, April 12th. Shaw Communications’s payout ratio is presently 113.10%.
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Shaw Communications Company Profile
Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.
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