JCIC Asset Management Inc. Buys 1,205 Shares of Shaw Communications Inc. (NYSE:SJR)

JCIC Asset Management Inc. raised its stake in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,920 shares of the company’s stock after buying an additional 1,205 shares during the period. Shaw Communications comprises about 1.6% of JCIC Asset Management Inc.’s portfolio, making the stock its 24th biggest position. JCIC Asset Management Inc.’s holdings in Shaw Communications were worth $4,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SJR. Captrust Financial Advisors grew its position in shares of Shaw Communications by 318.5% in the 1st quarter. Captrust Financial Advisors now owns 3,084 shares of the company’s stock valued at $81,000 after buying an additional 2,347 shares during the last quarter. 180 Wealth Advisors LLC bought a new stake in shares of Shaw Communications in the 1st quarter valued at about $224,000. Advisor Partners LLC bought a new stake in shares of Shaw Communications in the 1st quarter valued at about $221,000. Hillsdale Investment Management Inc. grew its position in shares of Shaw Communications by 312.4% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock valued at $1,084,000 after buying an additional 28,331 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Shaw Communications by 19.7% in the 2nd quarter. Alliancebernstein L.P. now owns 708,579 shares of the company’s stock valued at $20,492,000 after buying an additional 116,385 shares during the last quarter. Hedge funds and other institutional investors own 52.88% of the company’s stock.

Several equities research analysts recently commented on the company. Royal Bank of Canada upgraded Shaw Communications from a “sector perform” rating to an “outperform” rating in a research report on Monday, November 8th. Canaccord Genuity lowered Shaw Communications from a “buy” rating to a “hold” rating and set a $40.50 target price on the stock. in a research report on Tuesday, September 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $35.42.

Shares of Shaw Communications stock traded up $0.08 on Thursday, hitting $29.15. 137,258 shares of the company’s stock traded hands, compared to its average volume of 524,618. Shaw Communications Inc. has a one year low of $17.06 and a one year high of $30.41. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.79 and a quick ratio of 0.75. The company has a fifty day moving average of $29.06 and a two-hundred day moving average of $29.17. The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 18.93 and a beta of 0.67.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings results on Thursday, October 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.23. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. Shaw Communications had a return on equity of 16.46% and a net margin of 18.03%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. Equities research analysts anticipate that Shaw Communications Inc. will post 1.26 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Friday, February 25th. Shareholders of record on Tuesday, February 15th will be issued a $0.0801 dividend. The ex-dividend date is Monday, February 14th. This represents a $0.96 annualized dividend and a yield of 3.30%. Shaw Communications’s payout ratio is currently 62.34%.

Shaw Communications Company Profile

Shaw Communications, Inc engages in the provision of cable telecommunications and satellite video services. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.

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

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