CLARET ASSET MANAGEMENT Corp Has $252,000 Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

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CLARET ASSET MANAGEMENT Corp cut its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 27.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,176 shares of the Wireless communications provider’s stock after selling 1,917 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Rogers Communications were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RCI. USS Investment Management Ltd raised its stake in shares of Rogers Communications by 0.6% in the 1st quarter. USS Investment Management Ltd now owns 2,809,627 shares of the Wireless communications provider’s stock valued at $151,154,000 after acquiring an additional 17,545 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Rogers Communications by 14.4% in the 1st quarter. First Trust Advisors LP now owns 333,334 shares of the Wireless communications provider’s stock valued at $17,940,000 after acquiring an additional 41,967 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Rogers Communications by 20.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 187,374 shares of the Wireless communications provider’s stock valued at $10,084,000 after acquiring an additional 31,165 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of Rogers Communications by 20.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 291,120 shares of the Wireless communications provider’s stock valued at $15,668,000 after acquiring an additional 48,530 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Rogers Communications by 21.0% in the 1st quarter. Clearbridge Investments LLC now owns 1,100,188 shares of the Wireless communications provider’s stock valued at $59,212,000 after acquiring an additional 191,010 shares in the last quarter. Institutional investors own 43.24% of the company’s stock.

A number of brokerages recently weighed in on RCI. JPMorgan Chase & Co. downgraded Rogers Communications from a “neutral” rating to an “underweight” rating in a research note on Monday, July 8th. Echelon Wealth Partners raised Rogers Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. ValuEngine downgraded Rogers Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. BMO Capital Markets cut their price objective on Rogers Communications from $81.00 to $79.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, Zacks Investment Research downgraded Rogers Communications from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.18.

RCI opened at $48.22 on Friday. The firm has a market capitalization of $24.68 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 3.16 and a beta of 0.52. The stock’s 50 day moving average price is $49.56 and its two-hundred day moving average price is $51.76. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.94. Rogers Communications Inc. has a 12-month low of $47.62 and a 12-month high of $55.93.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Tuesday, July 23rd. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.02). The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.87 billion. Rogers Communications had a net margin of 13.79% and a return on equity of 26.66%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. As a group, analysts anticipate that Rogers Communications Inc. will post 3.38 earnings per share for the current year.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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

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