Healthcare of Ontario Pension Plan Trust Fund Increases Holdings in Rogers Communication, Inc. $RCI

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 277.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,533 shares of the Wireless communications provider’s stock after purchasing an additional 233,449 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Rogers Communication were worth $12,208,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Manchester Capital Management LLC acquired a new position in Rogers Communication in the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC raised its position in Rogers Communication by 107.4% during the 4th quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 407 shares during the last quarter. Headlands Technologies LLC lifted its stake in Rogers Communication by 143.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after acquiring an additional 978 shares during the period. Advisory Services Network LLC acquired a new stake in Rogers Communication during the 3rd quarter valued at approximately $63,000. Finally, Danske Bank A S acquired a new stake in Rogers Communication during the 3rd quarter valued at approximately $64,000. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Rogers Communication Trading Up 5.8%

Rogers Communication stock opened at $34.73 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. Rogers Communication, Inc. has a 12 month low of $31.38 and a 12 month high of $41.14. The stock’s 50 day simple moving average is $35.52 and its two-hundred day simple moving average is $36.51. The firm has a market cap of $18.76 billion, a PE ratio of 4.19, a P/E/G ratio of 4.09 and a beta of 0.64.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Wednesday, July 22nd. The Wireless communications provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. Analysts anticipate that Rogers Communication, Inc. will post 3.27 earnings per share for the current year.

Rogers Communication Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.8%. The ex-dividend date is Tuesday, September 8th. Rogers Communication’s dividend payout ratio (DPR) is currently 16.91%.

Analyst Upgrades and Downgrades

RCI has been the topic of a number of research reports. Desjardins reiterated a “hold” rating on shares of Rogers Communication in a research note on Thursday, April 23rd. Scotiabank reissued an “outperform” rating on shares of Rogers Communication in a report on Tuesday, July 7th. Raymond James Financial assumed coverage on shares of Rogers Communication in a research report on Wednesday, July 15th. They set an “outperform” rating for the company. TD Securities reaffirmed a “buy” rating on shares of Rogers Communication in a report on Thursday, July 23rd. Finally, Barclays cut their price target on Rogers Communication from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.00.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.