192,600 Shares in Shaw Communications Inc (SJR) Acquired by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) during the 4th quarter, HoldingsChannel reports. The fund bought 192,600 shares of the company’s stock, valued at approximately $5,526,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Icon Wealth Partners LLC acquired a new position in Shaw Communications during the fourth quarter worth $118,000. Advisor Group Inc. raised its holdings in Shaw Communications by 72.0% during the third quarter. Advisor Group Inc. now owns 8,061 shares of the company’s stock worth $186,000 after buying an additional 3,374 shares during the last quarter. Citadel Advisors LLC acquired a new position in Shaw Communications during the fourth quarter worth $217,000. First Republic Investment Management Inc. acquired a new position in Shaw Communications during the fourth quarter worth $284,000. Finally, Investors Research Corp acquired a new position in Shaw Communications during the fourth quarter worth $391,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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Several research analysts have weighed in on SJR shares. Bank of America restated a “neutral” rating and set a $32.00 price objective on shares of Shaw Communications in a report on Tuesday, December 5th. Zacks Investment Research downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Canaccord Genuity set a $28.00 price objective on shares of Shaw Communications and gave the stock a “hold” rating in a report on Thursday, January 11th. Finally, TD Securities upgraded shares of Shaw Communications to a “buy” rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.00.

Shares of Shaw Communications stock opened at $18.63 on Friday. The company has a market cap of $9,291.44, a PE ratio of 13.50, a PEG ratio of 3.96 and a beta of 0.96. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.70. Shaw Communications Inc has a 1-year low of $18.50 and a 1-year high of $23.44.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, January 11th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 17.34% and a return on equity of 9.89%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. sell-side analysts expect that Shaw Communications Inc will post 0.94 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a $0.0795 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.95 annualized dividend and a dividend yield of 5.12%. Shaw Communications’s dividend payout ratio is currently 68.84%.

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Shaw Communications Profile

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

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Institutional Ownership by Quarter for Shaw Communications (NYSE:SJR)

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