Scotia Capital Inc. Has $75.86 Million Holdings in Shaw Communications Inc. (SJR)

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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Several equities analysts have commented on SJR shares. Zacks Investment Research downgraded Shaw Communications from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. National Bank Financial downgraded Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th. Finally, BidaskClub downgraded Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $27.14.

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.

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

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