Marshall Wace LLP Takes Position in Rogers Communications Inc. (NYSE:RCI)

Marshall Wace LLP acquired a new stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,872 shares of the Wireless communications provider’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Neuburgh Advisers LLC lifted its position in shares of Rogers Communications by 12.2% in the second quarter. Neuburgh Advisers LLC now owns 2,352 shares of the Wireless communications provider’s stock valued at $121,000 after buying an additional 256 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Rogers Communications in the second quarter valued at approximately $153,000. Glen Harbor Capital Management LLC lifted its position in shares of Rogers Communications by 12.2% in the second quarter. Glen Harbor Capital Management LLC now owns 3,234 shares of the Wireless communications provider’s stock valued at $166,000 after buying an additional 352 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Rogers Communications by 11.9% in the second quarter. Riverhead Capital Management LLC now owns 3,765 shares of the Wireless communications provider’s stock valued at $194,000 after buying an additional 400 shares during the last quarter. Finally, Elkfork Partners LLC lifted its position in shares of Rogers Communications by 12.2% in the second quarter. Elkfork Partners LLC now owns 4,116 shares of the Wireless communications provider’s stock valued at $212,000 after buying an additional 448 shares during the last quarter. 43.24% of the stock is owned by institutional investors.

Rogers Communications stock opened at $48.77 on Friday. The stock’s fifty day moving average price is $49.96 and its two-hundred day moving average price is $52.00. Rogers Communications Inc. has a one year low of $48.27 and a one year high of $55.93. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.79 and a quick ratio of 0.71. The firm has a market cap of $25.11 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.89 and a beta of 0.52.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Tuesday, July 23rd. The Wireless communications provider reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.02). Rogers Communications had a return on equity of 26.66% and a net margin of 13.79%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the business earned $1.07 EPS. Rogers Communications’s revenue was up .6% on a year-over-year basis. Sell-side analysts expect that Rogers Communications Inc. will post 3.39 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. ValuEngine cut Rogers Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Zacks Investment Research lowered Rogers Communications from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lowered Rogers Communications from a “neutral” rating to an “underweight” rating in a research note on Monday, July 8th. BMO Capital Markets lowered their target price on Rogers Communications from $81.00 to $79.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, Echelon Wealth Partners upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.18.

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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