Citadel Advisors LLC Acquires 1,716,005 Shares of Shaw Communications Inc (NYSE:SJR)

Share on StockTwits

Citadel Advisors LLC increased its holdings in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 25.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,340,833 shares of the company’s stock after purchasing an additional 1,716,005 shares during the period. Citadel Advisors LLC owned 1.69% of Shaw Communications worth $170,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in Shaw Communications by 0.9% in the second quarter. Mackenzie Financial Corp now owns 29,322,335 shares of the company’s stock valued at $597,589,000 after acquiring an additional 275,454 shares in the last quarter. TD Asset Management Inc. boosted its stake in Shaw Communications by 8.6% in the second quarter. TD Asset Management Inc. now owns 15,034,402 shares of the company’s stock valued at $307,419,000 after acquiring an additional 1,196,510 shares in the last quarter. Vanguard Group Inc. boosted its stake in Shaw Communications by 3.4% in the second quarter. Vanguard Group Inc. now owns 13,577,121 shares of the company’s stock valued at $276,702,000 after acquiring an additional 449,174 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Shaw Communications by 1.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,026,383 shares of the company’s stock valued at $245,912,000 after acquiring an additional 131,885 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in Shaw Communications by 0.4% in the second quarter. Mawer Investment Management Ltd. now owns 8,690,431 shares of the company’s stock valued at $177,701,000 after acquiring an additional 36,512 shares in the last quarter. Hedge funds and other institutional investors own 55.12% of the company’s stock.

Shares of NYSE:SJR traded down $0.06 on Friday, hitting $20.11. 415,552 shares of the company were exchanged, compared to its average volume of 316,321. Shaw Communications Inc has a 1-year low of $17.50 and a 1-year high of $21.08. The stock’s 50 day moving average price is $19.47 and its 200 day moving average price is $20.12. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $9.98 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 3.69 and a beta of 0.73.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, June 27th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Shaw Communications had a net margin of 14.42% and a return on equity of 12.54%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts predict that Shaw Communications Inc will post 1.1 EPS for the current fiscal year.

The business also recently disclosed a — dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a dividend yield of 4.5%. Shaw Communications’s payout ratio is currently 75.42%.

Several equities research analysts have weighed in on SJR shares. Canaccord Genuity upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. BMO Capital Markets restated a “hold” rating and issued a $28.00 target price on shares of Shaw Communications in a research note on Monday, September 9th. Desjardins reiterated a “buy” rating on shares of Shaw Communications in a research note on Friday, June 28th. Finally, TheStreet downgraded shares of Shaw Communications from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.00.

Shaw Communications Company Profile

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

Further Reading: What are the Benefits of Index Funds?

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

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Citadel Advisors LLC Makes New Investment in SPDR Portfolio Long Term Corporate Bond ETF
Citadel Advisors LLC Makes New Investment in SPDR Portfolio Long Term Corporate Bond ETF
Citadel Advisors LLC Has $21.24 Million Position in Cable One Inc
Citadel Advisors LLC Has $21.24 Million Position in Cable One Inc
Citadel Advisors LLC Raises Stock Holdings in SITE Centers Corp.
Citadel Advisors LLC Raises Stock Holdings in SITE Centers Corp.
Citadel Advisors LLC Sells 172,873 Shares of Telephone & Data Systems, Inc.
Citadel Advisors LLC Sells 172,873 Shares of Telephone & Data Systems, Inc.
Citadel Advisors LLC Sells 1,224,750 Shares of Hudbay Minerals Inc
Citadel Advisors LLC Sells 1,224,750 Shares of Hudbay Minerals Inc
Citadel Advisors LLC Acquires 4,838 Shares of First Interstate Bancsystem Inc
Citadel Advisors LLC Acquires 4,838 Shares of First Interstate Bancsystem Inc


© 2006-2019 Ticker Report