AGF Investments Inc. Purchases 212,814 Shares of Shaw Communications Inc (SJR)
AGF Investments Inc. increased its position in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,168,933 shares of the company’s stock after purchasing an additional 212,814 shares during the period. AGF Investments Inc.’s holdings in Shaw Communications were worth $26,680,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Eqis Capital Management Inc. lifted its stake in Shaw Communications by 49.8% during the 4th quarter. Eqis Capital Management Inc. now owns 37,354 shares of the company’s stock valued at $853,000 after acquiring an additional 12,420 shares in the last quarter. USS Investment Management Ltd lifted its stake in Shaw Communications by 12.2% during the 3rd quarter. USS Investment Management Ltd now owns 332,309 shares of the company’s stock valued at $7,655,000 after acquiring an additional 36,200 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Shaw Communications by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,217,477 shares of the company’s stock valued at $28,111,000 after acquiring an additional 39,620 shares in the last quarter. Intact Investment Management Inc. lifted its stake in Shaw Communications by 50.2% during the 3rd quarter. Intact Investment Management Inc. now owns 974,000 shares of the company’s stock valued at $27,943,000 after acquiring an additional 325,600 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Shaw Communications during the 3rd quarter valued at $1,689,000. Institutional investors own 52.83% of the company’s stock.
Several equities analysts have weighed in on the company. Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the company a “hold” rating in a research note on Thursday, January 11th. Barclays raised their price objective on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. TD Securities upgraded Shaw Communications to a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research cut Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. sell-side analysts predict that Shaw Communications Inc will post 0.95 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a dividend of $0.0795 per share. This represents a $0.95 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, April 12th. Shaw Communications’s dividend payout ratio is presently 66.67%.
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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