Axa lessened its holdings in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 23.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,479 shares of the company’s stock after selling 52,600 shares during the quarter. Axa’s holdings in Shaw Communications were worth $3,342,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in SJR. Tower Research Capital LLC TRC bought a new position in shares of Shaw Communications during the second quarter valued at approximately $137,000. Lenox Wealth Management Inc. bought a new position in shares of Shaw Communications during the third quarter valued at approximately $187,000. US Bancorp DE raised its holdings in shares of Shaw Communications by 65.7% during the second quarter. US Bancorp DE now owns 10,394 shares of the company’s stock valued at $212,000 after acquiring an additional 4,121 shares in the last quarter. Cumberland Partners Ltd bought a new position in shares of Shaw Communications during the second quarter valued at approximately $288,000. Finally, Alethea Capital Management LLC bought a new position in shares of Shaw Communications during the third quarter valued at approximately $310,000. Institutional investors own 54.19% of the company’s stock.
SJR opened at $18.85 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 3.62 and a beta of 0.94. Shaw Communications Inc has a 12-month low of $18.18 and a 12-month high of $23.44.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Shaw Communications had a return on equity of 12.90% and a net margin of 1.04%. On average, equities analysts predict that Shaw Communications Inc will post 1.04 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Tuesday, January 15th will be issued a $0.0754 dividend. The ex-dividend date is Monday, January 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.80%. Shaw Communications’s dividend payout ratio (DPR) is 76.27%.
A number of equities analysts have issued reports on SJR shares. ValuEngine downgraded Shaw Communications from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. Zacks Investment Research reiterated a “hold” rating on shares of Shaw Communications in a report on Thursday, November 15th. Finally, Canaccord Genuity downgraded Shaw Communications from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.50.
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About Shaw Communications
Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.
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