Goldman Sachs Group Inc. raised its holdings in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 923,301 shares of the company’s stock after buying an additional 53,018 shares during the period. Goldman Sachs Group Inc.’s holdings in Shaw Communications were worth $21,079,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of SJR. Mackenzie Financial Corp boosted its position in Shaw Communications by 1,002.5% during the fourth quarter. Mackenzie Financial Corp now owns 49,025,287 shares of the company’s stock valued at $1,119,247,000 after buying an additional 44,578,411 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in Shaw Communications by 107.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,165,209 shares of the company’s stock valued at $188,295,000 after buying an additional 4,235,803 shares during the period. Renaissance Technologies LLC boosted its position in Shaw Communications by 177.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,391,900 shares of the company’s stock valued at $31,803,000 after buying an additional 890,300 shares during the period. CIBC Asset Management Inc boosted its position in Shaw Communications by 10.4% during the fourth quarter. CIBC Asset Management Inc now owns 7,953,685 shares of the company’s stock valued at $182,297,000 after buying an additional 748,756 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in Shaw Communications by 11.2% during the third quarter. Great West Life Assurance Co. Can now owns 3,893,536 shares of the company’s stock valued at $89,429,000 after buying an additional 393,291 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.
Shares of Shaw Communications Inc (NYSE:SJR) opened at $18.63 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 0.76. The firm has a market cap of $9,306.43, a PE ratio of 13.50, a PEG ratio of 3.96 and a beta of 0.96. Shaw Communications Inc has a 1-year low of $18.50 and a 1-year high of $23.44.
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 dividend of $0.0795 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 5.12%. Shaw Communications’s dividend payout ratio is currently 68.84%.
Several analysts have issued reports on SJR shares. TD Securities upgraded shares of Shaw Communications to a “buy” rating in a research report on Friday, January 12th. Canaccord Genuity set a $28.00 price target on shares of Shaw Communications and gave the company a “hold” rating in a research report on Thursday, January 11th. Bank of America restated a “neutral” rating and set a $32.00 price target on shares of Shaw Communications in a research report on Tuesday, December 5th. Finally, Zacks Investment Research lowered shares of Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Two equities research 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.
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About Shaw Communications
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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