Sei Investments Co. lowered its stake in shares of Rogers Communications Inc. Class B (NYSE:RCI) (TSE:RCI.B) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 509,161 shares of the Wireless communications provider’s stock after selling 7,187 shares during the quarter. Sei Investments Co. owned about 0.10% of Rogers Communications Inc. Class B worth $24,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Beutel Goodman & Co Ltd. increased its stake in shares of Rogers Communications Inc. Class B by 9.7% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 21,014,591 shares of the Wireless communications provider’s stock valued at $998,281,000 after acquiring an additional 1,854,605 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Rogers Communications Inc. Class B by 24.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,739,271 shares of the Wireless communications provider’s stock valued at $256,431,000 after acquiring an additional 1,142,286 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Rogers Communications Inc. Class B by 10.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 5,545,392 shares of the Wireless communications provider’s stock valued at $247,215,000 after acquiring an additional 520,577 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of Rogers Communications Inc. Class B by 4.4% during the 1st quarter. CIBC World Markets Inc. now owns 5,155,934 shares of the Wireless communications provider’s stock valued at $230,367,000 after acquiring an additional 216,043 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Rogers Communications Inc. Class B by 1.9% during the 1st quarter. CIBC Asset Management Inc now owns 3,871,641 shares of the Wireless communications provider’s stock valued at $172,651,000 after acquiring an additional 72,392 shares during the last quarter. 49.05% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Rogers Communications Inc. Class B from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. Barclays dropped their price objective on shares of Rogers Communications Inc. Class B from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, July 20th. Finally, ValuEngine raised shares of Rogers Communications Inc. Class B from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $61.00.

NYSE RCI opened at $51.21 on Friday. The stock has a market cap of $26.69 billion, a PE ratio of 17.06, a P/E/G ratio of 3.31 and a beta of 0.85. Rogers Communications Inc. Class B has a 12 month low of $43.11 and a 12 month high of $54.95. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.67 and a quick ratio of 0.60.

Rogers Communications Inc. Class B (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Thursday, July 19th. The Wireless communications provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.28. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.78 billion. Rogers Communications Inc. Class B had a net margin of 12.66% and a return on equity of 29.52%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. analysts expect that Rogers Communications Inc. Class B will post 3.13 earnings per share for the current fiscal year.

Rogers Communications Inc. Class B Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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Institutional Ownership by Quarter for Rogers Communications Inc. Class B (NYSE:RCI)

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