Entropy Technologies LP Invests $796,000 in Rogers Communication, Inc. $RCI

Entropy Technologies LP bought a new position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,692 shares of the Wireless communications provider’s stock, valued at approximately $796,000.

A number of other large investors have also recently bought and sold shares of RCI. Manchester Capital Management LLC purchased a new position in Rogers Communication during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its holdings in shares of Rogers Communication by 107.4% in the 4th quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 407 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Rogers Communication by 143.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after acquiring an additional 978 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Rogers Communication in the third quarter worth $63,000. Finally, Danske Bank A S acquired a new stake in shares of Rogers Communication in the third quarter worth $64,000. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Analyst Ratings Changes

RCI has been the subject of a number of research reports. TD Securities restated a “buy” rating on shares of Rogers Communication in a research report on Thursday, July 23rd. Wall Street Zen downgraded Rogers Communication from a “hold” rating to a “sell” rating in a research report on Saturday. Raymond James Financial began coverage on Rogers Communication in a research note on Wednesday, July 15th. They set an “outperform” rating for the company. Weiss Ratings cut Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Finally, Scotiabank restated an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Stock Performance

RCI opened at $34.73 on Wednesday. The firm has a fifty day moving average price of $35.52 and a 200 day moving average price of $36.51. Rogers Communication, Inc. has a 1 year low of $31.38 and a 1 year high of $41.14. The stock has a market cap of $18.76 billion, a P/E ratio of 4.19, a P/E/G ratio of 4.09 and a beta of 0.64. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.51.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. Equities research analysts anticipate that Rogers Communication, Inc. will post 3.27 earnings per share for the current year.

Rogers Communication Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 8th. Rogers Communication’s payout ratio is currently 16.91%.

Rogers Communication Company Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.