Scotia Capital Inc. lessened its stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,485,518 shares of the company’s stock after selling 59,062 shares during the period. Shaw Communications accounts for 1.3% of Scotia Capital Inc.’s portfolio, making the stock its 17th largest holding. Scotia Capital Inc. owned 0.71% of Shaw Communications worth $75,855,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its holdings in Shaw Communications by 93.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock valued at $97,336,000 after purchasing an additional 2,157,463 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Shaw Communications during the second quarter valued at approximately $326,000. HighTower Advisors LLC grew its holdings in Shaw Communications by 16.4% during the second quarter. HighTower Advisors LLC now owns 33,958 shares of the company’s stock valued at $737,000 after purchasing an additional 4,794 shares during the last quarter. Wolverine Trading LLC acquired a new position in Shaw Communications during the second quarter valued at approximately $353,000. Finally, Voya Investment Management LLC grew its holdings in Shaw Communications by 10.2% during the second quarter. Voya Investment Management LLC now owns 30,276 shares of the company’s stock valued at $659,000 after purchasing an additional 2,794 shares during the last quarter. Institutional investors own 51.83% of the company’s stock.
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Shares of Shaw Communications Inc. (SJR) traded up 0.44% during midday trading on Tuesday, hitting $22.86. 123,998 shares of the stock traded hands. Shaw Communications Inc. has a 12-month low of $19.02 and a 12-month high of $23.31. The firm’s 50 day moving average price is $22.64 and its 200 day moving average price is $21.85. The company has a market capitalization of $11.28 billion, a PE ratio of 26.52 and a beta of 0.91.
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.
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