Acadian Asset Management LLC Trims Stake in Shaw Communications Inc. (NYSE:SJR)

Acadian Asset Management LLC trimmed its stake in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,300 shares of the company’s stock after selling 6,400 shares during the period. Acadian Asset Management LLC owned 0.06% of Shaw Communications worth $5,572,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. First Trust Advisors LP raised its position in shares of Shaw Communications by 56.5% during the 3rd quarter. First Trust Advisors LP now owns 4,276,950 shares of the company’s stock valued at $78,054,000 after buying an additional 1,544,432 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Shaw Communications by 0.8% during the 3rd quarter. CIBC Asset Management Inc now owns 10,569,616 shares of the company’s stock valued at $192,733,000 after buying an additional 84,683 shares in the last quarter. Raymond James & Associates raised its position in shares of Shaw Communications by 18.1% during the 3rd quarter. Raymond James & Associates now owns 22,067 shares of the company’s stock valued at $403,000 after buying an additional 3,377 shares in the last quarter. Greenleaf Trust raised its position in shares of Shaw Communications by 1.2% during the 3rd quarter. Greenleaf Trust now owns 49,790 shares of the company’s stock valued at $909,000 after buying an additional 608 shares in the last quarter. Finally, Prudential PLC raised its position in shares of Shaw Communications by 495.8% during the 3rd quarter. Prudential PLC now owns 285,637 shares of the company’s stock valued at $5,213,000 after buying an additional 237,698 shares in the last quarter. Hedge funds and other institutional investors own 57.07% of the company’s stock.

NYSE:SJR opened at $17.57 on Friday. Shaw Communications Inc. has a 12 month low of $12.20 and a 12 month high of $20.82. The firm has a fifty day simple moving average of $17.54 and a 200-day simple moving average of $17.58. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $9.01 billion, a P/E ratio of 18.30, a PEG ratio of 4.79 and a beta of 0.62.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its earnings results on Wednesday, November 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Shaw Communications had a net margin of 12.55% and a return on equity of 10.86%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Equities analysts forecast that Shaw Communications Inc. will post 1 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 25th. Investors of record on Monday, February 15th will be issued a dividend of $0.0741 per share. The ex-dividend date is Thursday, February 11th. This represents a $0.89 annualized dividend and a dividend yield of 5.06%. Shaw Communications’s dividend payout ratio (DPR) is presently 82.41%.

Several analysts have recently issued reports on SJR shares. Morgan Stanley started coverage on shares of Shaw Communications in a research report on Friday, October 23rd. They set an “equal weight” rating on the stock. Barclays started coverage on shares of Shaw Communications in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $21.00 price objective on the stock. Canaccord Genuity increased their price objective on shares of Shaw Communications from $27.00 to $28.50 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Scotiabank reduced their price objective on shares of Shaw Communications from $31.50 to $29.50 and set an “outperform” rating on the stock in a research report on Monday, November 2nd. Finally, TD Securities increased their price objective on shares of Shaw Communications from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $26.00.

Shaw Communications Profile

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go Wi-Fi, video, and digital phone services to residential customers; and Internet, data, Wi-Fi, digital phone, and video services to business customers.

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

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