67,965 Shares in Shaw Communications Inc. (SJR) Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. bought a new stake in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 67,965 shares of the company’s stock, valued at approximately $1,481,000.

A number of other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of Shaw Communications by 87.7% in the first quarter. Acadian Asset Management LLC now owns 1,787,996 shares of the company’s stock valued at $36,961,000 after buying an additional 835,355 shares in the last quarter. Parnassus Investments CA raised its stake in shares of Shaw Communications by 27.2% in the first quarter. Parnassus Investments CA now owns 3,275,000 shares of the company’s stock valued at $67,858,000 after buying an additional 700,000 shares in the last quarter. Lincluden Management Ltd. raised its stake in shares of Shaw Communications by 73.1% in the fourth quarter. Lincluden Management Ltd. now owns 1,650,435 shares of the company’s stock valued at $33,080,000 after buying an additional 696,994 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Shaw Communications by 62.0% in the first quarter. Renaissance Technologies LLC now owns 1,562,400 shares of the company’s stock valued at $32,394,000 after buying an additional 598,100 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Shaw Communications during the first quarter valued at about $12,234,000. 53.35% of the stock is owned by institutional investors and hedge funds.

Shaw Communications Inc. (NYSE:SJR) remained flat at $21.92 during mid-day trading on Friday. 555,115 shares of the company traded hands. The firm has a 50 day moving average of $21.89 and a 200-day moving average of $21.44. Shaw Communications Inc. has a 1-year low of $19.02 and a 1-year high of $23.31. The company has a market cap of $10.81 billion, a PE ratio of 26.57 and a beta of 0.91.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.19. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Shaw Communications had a return on equity of 9.31% and a net margin of 10.01%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. Equities research analysts predict that Shaw Communications Inc. will post $1.05 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.0744 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Tuesday, November 14th. Shaw Communications’s dividend payout ratio (DPR) is currently 118.75%.

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SJR has been the subject of several research reports. Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the stock a “hold” rating in a research note on Monday, May 1st. National Bank Financial lowered Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. BidaskClub lowered Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, June 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.00.

About Shaw Communications

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.

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

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