Short Interest in Shaw Communications Inc (SJR) Expands By 110.0%

Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 3,335,106 shares, a growth of 110.0% from the January 12th total of 1,588,471 shares. Based on an average trading volume of 547,196 shares, the days-to-cover ratio is presently 6.1 days. Approximately 0.8% of the shares of the stock are short sold.

Shares of Shaw Communications (SJR) opened at $20.33 on Wednesday. Shaw Communications has a 12 month low of $20.13 and a 12 month high of $23.44. The firm has a market capitalization of $9,824.52, a price-to-earnings ratio of 14.73, a PEG ratio of 4.34 and a beta of 0.88. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.70.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.06). Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $0.18 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. sell-side analysts predict that Shaw Communications will post 0.95 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a $0.0795 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.69%. Shaw Communications’s dividend payout ratio (DPR) is presently 66.67%.

Large investors have recently made changes to their positions in the company. Advisor Group Inc. increased its stake in shares of Shaw Communications by 170.3% in the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after buying an additional 2,953 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in Shaw Communications in the fourth quarter worth about $118,000. Citadel Advisors LLC acquired a new stake in Shaw Communications in the fourth quarter worth about $217,000. Sigma Planning Corp acquired a new stake in Shaw Communications in the third quarter worth about $258,000. Finally, Ameriprise Financial Inc. acquired a new stake in Shaw Communications in the second quarter worth about $252,000. Institutional investors own 52.83% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research lowered Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Bank of America reiterated a “neutral” rating and set a $32.00 price objective on shares of Shaw Communications in a research note on Tuesday, December 5th. TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, TD Securities upgraded Shaw Communications to a “buy” rating in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $27.00.

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Shaw Communications Company Profile

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.

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