Earnest Partners LLC reduced its stake in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,278,713 shares of the Wireless communications provider’s stock after selling 8,167 shares during the quarter. Earnest Partners LLC owned about 0.25% of Rogers Communications worth $68,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp grew its holdings in Rogers Communications by 0.6% during the 2nd quarter. M&T Bank Corp now owns 41,438 shares of the Wireless communications provider’s stock valued at $2,218,000 after buying an additional 247 shares in the last quarter. Nordea Investment Management AB grew its holdings in Rogers Communications by 26.2% during the 1st quarter. Nordea Investment Management AB now owns 2,062,995 shares of the Wireless communications provider’s stock valued at $148,265,000 after buying an additional 428,700 shares in the last quarter. PCJ Investment Counsel Ltd. grew its holdings in Rogers Communications by 30.6% during the 1st quarter. PCJ Investment Counsel Ltd. now owns 506,500 shares of the Wireless communications provider’s stock valued at $27,248,000 after buying an additional 118,530 shares in the last quarter. Tobam grew its holdings in shares of Rogers Communications by 92.0% in the second quarter. Tobam now owns 83,952 shares of the Wireless communications provider’s stock valued at $4,504,000 after purchasing an additional 40,232 shares in the last quarter. Finally, K.J. Harrison & Partners Inc grew its holdings in shares of Rogers Communications by 15.5% in the second quarter. K.J. Harrison & Partners Inc now owns 67,148 shares of the Wireless communications provider’s stock valued at $3,594,000 after purchasing an additional 9,000 shares in the last quarter. 51.24% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on RCI. JPMorgan Chase & Co. lowered shares of Rogers Communications from a “neutral” rating to an “underweight” rating in a report on Monday, July 8th. ValuEngine lowered shares of Rogers Communications from a “hold” rating to a “sell” rating in a report on Tuesday. Echelon Wealth Partners raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Zacks Investment Research lowered shares of Rogers Communications from a “buy” rating to a “hold” rating and set a $56.00 target price for the company. in a report on Friday, July 26th. Finally, BMO Capital Markets cut their target price on shares of Rogers Communications from $81.00 to $79.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $60.18.

Shares of RCI opened at $50.86 on Friday. The company has a market cap of $25.85 billion, a PE ratio of 15.18, a P/E/G ratio of 2.98 and a beta of 0.55. The business has a fifty day moving average of $50.95 and a 200 day moving average of $52.40. Rogers Communications Inc. has a 52-week low of $48.56 and a 52-week high of $55.93. 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 (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Tuesday, July 23rd. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.87 billion. Rogers Communications had a return on equity of 26.66% and a net margin of 13.79%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, research analysts anticipate that Rogers Communications Inc. will post 3.39 earnings per share for the current fiscal 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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