Candriam Luxembourg S.C.A. reduced its stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,159 shares of the company’s stock after selling 27,572 shares during the quarter. Candriam Luxembourg S.C.A. owned 0.07% of Shaw Communications worth $7,398,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Todd Asset Management LLC grew its holdings in shares of Shaw Communications by 0.6% during the second quarter. Todd Asset Management LLC now owns 53,165 shares of the company’s stock worth $1,159,000 after purchasing an additional 295 shares during the last quarter. Stonebridge Capital Management Inc. grew its holdings in shares of Shaw Communications by 1.5% during the second quarter. Stonebridge Capital Management Inc. now owns 28,525 shares of the company’s stock worth $622,000 after purchasing an additional 425 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of Shaw Communications by 4.4% during the second quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock worth $225,000 after purchasing an additional 439 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Shaw Communications by 4.2% during the second quarter. Janney Montgomery Scott LLC now owns 12,888 shares of the company’s stock worth $281,000 after purchasing an additional 516 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its holdings in shares of Shaw Communications by 0.7% during the second quarter. Rothschild Asset Management Inc. now owns 102,150 shares of the company’s stock worth $2,890,000 after purchasing an additional 711 shares during the last quarter. Hedge funds and other institutional investors own 51.21% of the company’s stock.

Shaw Communications Inc. (NYSE:SJR) traded up $0.06 during trading on Monday, reaching $22.81. The company had a trading volume of 718,700 shares, compared to its average volume of 498,370. The company has a market capitalization of $10,819.94, a PE ratio of 26.83, a price-to-earnings-growth ratio of 4.34 and a beta of 0.97. Shaw Communications Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $23.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80.

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be issued a $0.0781 dividend. This represents a $0.94 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, February 14th. Shaw Communications’s dividend payout ratio is 69.17%.

WARNING: This report was first posted by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/shaw-communications-inc-sjr-holdings-cut-by-candriam-luxembourg-s-c-a/1700029.html.

Several analysts have recently commented on SJR shares. BidaskClub cut Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, September 19th. Barclays PLC increased their target price on Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Finally, Scotiabank cut Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $27.00.

About Shaw Communications

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.

Institutional Ownership by Quarter for Shaw Communications (NYSE:SJR)

Receive News & Ratings for Shaw Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.