Assenagon Asset Management S.A. raised its position in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 19.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,741 shares of the company’s stock after purchasing an additional 29,078 shares during the period. Assenagon Asset Management S.A.’s holdings in Shaw Communications were worth $3,461,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of SJR. Bank of Montreal Can bought a new position in shares of Shaw Communications in the 2nd quarter valued at approximately $145,221,000. Unigestion Holding SA bought a new position in shares of Shaw Communications in the 2nd quarter valued at approximately $68,507,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Shaw Communications by 112.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,829,150 shares of the company’s stock valued at $77,954,000 after acquiring an additional 2,027,852 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Shaw Communications by 77.8% in the 2nd quarter. Toronto Dominion Bank now owns 3,831,191 shares of the company’s stock valued at $78,315,000 after acquiring an additional 1,676,409 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Shaw Communications by 26.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 6,479,474 shares of the company’s stock valued at $131,775,000 after acquiring an additional 1,351,019 shares in the last quarter. 54.63% of the stock is owned by institutional investors.
SJR has been the topic of a number of recent analyst reports. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, September 25th. Canaccord Genuity downgraded Shaw Communications from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. Finally, ValuEngine raised Shaw Communications from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $27.50.
Shares of NYSE SJR opened at $18.32 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. Shaw Communications Inc has a 12 month low of $18.18 and a 12 month high of $23.44.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Shaw Communications had a return on equity of 12.90% and a net margin of 1.04%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, research analysts forecast that Shaw Communications Inc will post 1.04 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 30th. Stockholders of record on Tuesday, January 15th will be issued a dividend of $0.0754 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Monday, January 14th. Shaw Communications’s payout ratio is presently 77.97%.
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Shaw Communications 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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