Rogers Communications Inc. (RCI) Shares Bought by OLD Mutual Customised Solutions Proprietary Ltd.

OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 53.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,750 shares of the Wireless communications provider’s stock after acquiring an additional 9,000 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Rogers Communications were worth $1,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RCI. USS Investment Management Ltd acquired a new stake in shares of Rogers Communications in the 4th quarter valued at about $130,443,000. The Manufacturers Life Insurance Company boosted its position in shares of Rogers Communications by 79.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,596,985 shares of the Wireless communications provider’s stock valued at $234,125,000 after purchasing an additional 2,041,583 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Rogers Communications in the 4th quarter valued at about $85,673,000. APG Asset Management N.V. boosted its position in shares of Rogers Communications by 43.1% in the 4th quarter. APG Asset Management N.V. now owns 4,381,163 shares of the Wireless communications provider’s stock valued at $186,516,000 after purchasing an additional 1,320,100 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Rogers Communications by 71.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,028,391 shares of the Wireless communications provider’s stock valued at $154,236,000 after purchasing an additional 1,263,019 shares during the period. 47.75% of the stock is owned by hedge funds and other institutional investors.

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Shares of Rogers Communications Inc. (NYSE RCI) opened at $44.34 on Friday. Rogers Communications Inc. has a 1 year low of $42.01 and a 1 year high of $54.95. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.39 and a current ratio of 0.44. The firm has a market capitalization of $23,284.95, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 2.89 and a beta of 0.90.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Rogers Communications had a return on equity of 30.65% and a net margin of 12.09%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. equities analysts predict that Rogers Communications Inc. will post 3.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Monday, March 12th will be given a dividend of $0.3843 per share. The ex-dividend date is Friday, March 9th. This represents a $1.54 dividend on an annualized basis and a yield of 3.47%. Rogers Communications’s payout ratio is 60.94%.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Rogers Communications from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Barclays reissued a “hold” rating and issued a $55.00 target price on shares of Rogers Communications in a research report on Friday, January 26th. National Bank Financial cut Rogers Communications from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 26th. Finally, Desjardins raised Rogers Communications from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $62.75.

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Rogers Communications Company Profile

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

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