Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Rogers Communications Inc. (NYSE:RCI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,190 shares of the Wireless communications provider’s stock after buying an additional 4,471 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rogers Communications were worth $3,908,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Neuburgh Advisers LLC grew its position in Rogers Communications by 12.2% during the 2nd quarter. Neuburgh Advisers LLC now owns 2,352 shares of the Wireless communications provider’s stock valued at $121,000 after purchasing an additional 256 shares during the last quarter. Assetmark Inc. purchased a new stake in Rogers Communications during the 2nd quarter valued at about $153,000. Glen Harbor Capital Management LLC grew its position in Rogers Communications by 12.2% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 3,234 shares of the Wireless communications provider’s stock valued at $166,000 after purchasing an additional 352 shares during the last quarter. Riverhead Capital Management LLC grew its position in Rogers Communications by 11.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,765 shares of the Wireless communications provider’s stock valued at $194,000 after purchasing an additional 400 shares during the last quarter. Finally, Elkfork Partners LLC grew its position in Rogers Communications by 12.2% during the 2nd quarter. Elkfork Partners LLC now owns 4,116 shares of the Wireless communications provider’s stock valued at $212,000 after purchasing an additional 448 shares during the last quarter. 43.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE RCI traded down $0.45 during trading on Thursday, reaching $46.25. 57,776 shares of the company traded hands, compared to its average volume of 571,847. The firm has a 50 day simple moving average of $49.45 and a 200-day simple moving average of $51.48. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $25.97 billion, a PE ratio of 13.81, a P/E/G ratio of 3.38 and a beta of 0.52. Rogers Communications Inc. has a 52-week low of $46.59 and a 52-week high of $55.93.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.19. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.87 billion. Rogers Communications had a net margin of 13.79% and a return on equity of 26.66%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. As a group, research analysts predict that Rogers Communications Inc. will post 3.36 EPS for the current year.

Several brokerages recently commented on RCI. ValuEngine raised shares of Rogers Communications from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Tuesday, September 24th. TD Securities raised shares of Rogers Communications to a “buy” rating in a research report on Monday. Echelon Wealth Partners raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, BMO Capital Markets cut their price objective on shares of Rogers Communications from $81.00 to $79.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Rogers Communications currently has an average rating of “Hold” and an average target price of $59.18.

Rogers Communications 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.

Further Reading: How is the LIBOR rate calculated?

Want to see what other hedge funds are holding RCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B).

Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

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