Rogers Communication, Inc. $RCI Shares Acquired by Aviso Financial Inc.

Aviso Financial Inc. boosted its stake in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,003 shares of the Wireless communications provider’s stock after purchasing an additional 39,234 shares during the period. Aviso Financial Inc.’s holdings in Rogers Communication were worth $4,097,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its position in shares of Rogers Communication by 15.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 9,603,756 shares of the Wireless communications provider’s stock worth $284,981,000 after buying an additional 1,255,794 shares during the period. TD Asset Management Inc raised its holdings in shares of Rogers Communication by 18.0% during the 3rd quarter. TD Asset Management Inc now owns 8,344,925 shares of the Wireless communications provider’s stock valued at $287,340,000 after buying an additional 1,272,065 shares during the period. Bank of Nova Scotia lifted its position in Rogers Communication by 3.5% during the 2nd quarter. Bank of Nova Scotia now owns 8,279,443 shares of the Wireless communications provider’s stock worth $245,489,000 after acquiring an additional 280,536 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its holdings in Rogers Communication by 14.8% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 6,753,987 shares of the Wireless communications provider’s stock worth $199,922,000 after acquiring an additional 868,800 shares during the period. Finally, Burgundy Asset Management Ltd. grew its position in Rogers Communication by 18.9% in the second quarter. Burgundy Asset Management Ltd. now owns 4,172,546 shares of the Wireless communications provider’s stock valued at $123,528,000 after acquiring an additional 662,594 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communication Trading Up 1.2%

RCI opened at $39.87 on Friday. Rogers Communication, Inc. has a 12-month low of $23.18 and a 12-month high of $40.26. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.61 and a quick ratio of 0.57. The stock has a market capitalization of $21.54 billion, a PE ratio of 4.31, a P/E/G ratio of 5.28 and a beta of 0.74. The firm’s fifty day moving average price is $37.39 and its 200 day moving average price is $36.97.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, January 29th. The Wireless communications provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $5.94 billion. Rogers Communication had a net margin of 32.29% and a return on equity of 14.22%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the business earned $1.46 EPS. As a group, research analysts expect that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 10th. Rogers Communication’s payout ratio is currently 15.46%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RCI. Morgan Stanley reissued an “underweight” rating on shares of Rogers Communication in a research report on Wednesday, December 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, January 13th. Desjardins cut shares of Rogers Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, December 10th. TD Cowen restated a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. Finally, TD Securities reaffirmed a “buy” rating on shares of Rogers Communication in a research report on Friday, January 30th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.