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