PCJ Investment Counsel Ltd. lifted its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 30.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 506,500 shares of the Wireless communications provider’s stock after purchasing an additional 118,530 shares during the quarter. Rogers Communications makes up about 2.2% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 16th largest holding. PCJ Investment Counsel Ltd.’s holdings in Rogers Communications were worth $27,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RCI. Vanguard Group Inc lifted its stake in shares of Rogers Communications by 2.7% in the third quarter. Vanguard Group Inc now owns 9,184,653 shares of the Wireless communications provider’s stock valued at $472,183,000 after buying an additional 237,435 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Rogers Communications by 2.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 6,117,849 shares of the Wireless communications provider’s stock valued at $313,882,000 after buying an additional 121,956 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Rogers Communications by 26.6% in the fourth quarter. Mackenzie Financial Corp now owns 3,826,705 shares of the Wireless communications provider’s stock valued at $196,157,000 after buying an additional 803,916 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Rogers Communications by 8.0% in the first quarter. Toronto Dominion Bank now owns 3,763,897 shares of the Wireless communications provider’s stock valued at $202,891,000 after buying an additional 279,680 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Rogers Communications by 4.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,257,208 shares of the Wireless communications provider’s stock valued at $166,843,000 after buying an additional 129,546 shares in the last quarter. Institutional investors own 44.69% of the company’s stock.

RCI opened at $51.69 on Wednesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.60 and a current ratio of 0.67. Rogers Communications Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $55.93. The stock has a market cap of $26.30 billion, a P/E ratio of 15.43, a PEG ratio of 3.01 and a beta of 0.66.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, April 18th. The Wireless communications provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Rogers Communications had a net margin of 13.47% and a return on equity of 27.28%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $0.93 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that Rogers Communications Inc. will post 3.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be given a dividend of $0.3753 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Friday, June 7th. Rogers Communications’s payout ratio is currently 45.37%.

A number of research firms have weighed in on RCI. Royal Bank of Canada reaffirmed a “hold” rating on shares of Rogers Communications in a research note on Monday, April 22nd. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Rogers Communications in a research note on Friday, January 25th. ValuEngine raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Howard Weil lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, April 22nd. Finally, Zacks Investment Research lowered shares of Rogers Communications from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $54.68.

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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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