Waratah Capital Advisors Ltd. increased its holdings in Shaw Communications (NYSE:SJR) (TSE:SJR.B) by 15.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,000 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Shaw Communications were worth $1,444,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Forward Management LLC lifted its stake in Shaw Communications by 2.3% in the first quarter. Forward Management LLC now owns 129,826 shares of the company’s stock worth $2,500,000 after acquiring an additional 2,873 shares during the period. Cidel Asset Management Inc. lifted its stake in Shaw Communications by 1.3% in the fourth quarter. Cidel Asset Management Inc. now owns 252,814 shares of the company’s stock worth $5,770,000 after acquiring an additional 3,300 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in Shaw Communications by 6.0% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 77,105 shares of the company’s stock worth $1,759,000 after acquiring an additional 4,366 shares during the period. Icon Wealth Partners LLC purchased a new stake in Shaw Communications in the fourth quarter worth $118,000. Finally, Stevens Capital Management LP lifted its position in Shaw Communications by 9.1% during the first quarter. Stevens Capital Management LP now owns 63,890 shares of the company’s stock valued at $1,231,000 after buying an additional 5,343 shares during the period. 52.40% of the stock is owned by institutional investors.
Shares of Shaw Communications stock opened at $20.45 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 4.29 and a beta of 0.94. Shaw Communications has a 12 month low of $20.29 and a 12 month high of $20.52.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Thursday, April 12th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.23 by $0.17. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Shaw Communications had a return on equity of 11.49% and a net margin of 10.97%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. sell-side analysts anticipate that Shaw Communications will post 0.95 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Wednesday, August 15th will be given a $0.0773 dividend. This represents a $0.93 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Tuesday, August 14th. Shaw Communications’s dividend payout ratio is presently 113.10%.
Several brokerages have commented on SJR. Zacks Investment Research raised Shaw Communications from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. Scotiabank raised Shaw Communications from a “sector perform” rating to an “outperform” rating in a research report on Friday, April 13th. Canaccord Genuity raised Shaw Communications from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Finally, Barclays raised Shaw Communications from an “equal weight” rating to an “overweight” rating in a research report on Thursday, April 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $27.00.
About Shaw Communications
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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