Triasima Portfolio Management inc. Acquires 60,730 Shares of Rogers Communication, Inc. $RCI

Triasima Portfolio Management inc. grew its holdings in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 176.1% in the fourth quarter, HoldingsChannel reports. The fund owned 95,215 shares of the Wireless communications provider’s stock after purchasing an additional 60,730 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Rogers Communication were worth $3,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of RCI. Farther Finance Advisors LLC grew its position in shares of Rogers Communication by 107.4% during the 4th quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 407 shares during the period. Headlands Technologies LLC grew its position in shares of Rogers Communication by 143.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after acquiring an additional 978 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Rogers Communication during the 3rd quarter valued at $58,000. EverSource Wealth Advisors LLC lifted its stake in shares of Rogers Communication by 52.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 683 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Rogers Communication during the 3rd quarter valued at $63,000. Institutional investors own 45.49% of the company’s stock.

Wall Street Analysts Forecast Growth

RCI has been the topic of a number of analyst reports. TD Securities cut shares of Rogers Communication from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Scotiabank upgraded shares of Rogers Communication from a “hold” rating to an “outperform” rating in a research note on Thursday, April 23rd. Barclays restated a “positive” rating and set a $37.00 target price on shares of Rogers Communication in a research note on Tuesday, January 27th. Wall Street Zen cut shares of Rogers Communication from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, TD Cowen restated a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.00.

Rogers Communication Stock Up 0.0%

RCI opened at $36.45 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.55. Rogers Communication, Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $41.14. The firm’s fifty day moving average is $37.25 and its 200 day moving average is $37.44. The stock has a market cap of $19.69 billion, a price-to-earnings ratio of 3.84, a price-to-earnings-growth ratio of 3.20 and a beta of 0.61.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Wednesday, April 22nd. The Wireless communications provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Rogers Communication had a net margin of 32.00% and a return on equity of 12.11%. Rogers Communication’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 EPS. On average, sell-side analysts forecast that Rogers Communication, Inc. will post 3.55 earnings per share for the current fiscal year.

Rogers Communication Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 9th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $2.00 annualized dividend and a yield of 5.5%. Rogers Communication’s payout ratio is presently 15.08%.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.