First Trust Advisors LP Has $19.91 Million Position in Shaw Communications Inc. (SJR)

First Trust Advisors LP reduced its holdings in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 865,361 shares of the company’s stock after selling 9,337 shares during the quarter. First Trust Advisors LP owned 0.18% of Shaw Communications worth $19,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SJR. OMERS ADMINISTRATION Corp acquired a new stake in Shaw Communications during the second quarter valued at approximately $2,283,000. Eqis Capital Management Inc. increased its holdings in Shaw Communications by 18.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 24,934 shares of the company’s stock worth $574,000 after acquiring an additional 3,959 shares during the period. Mawer Investment Management Ltd. increased its holdings in Shaw Communications by 1.4% during the 2nd quarter. Mawer Investment Management Ltd. now owns 9,508,434 shares of the company’s stock worth $207,499,000 after acquiring an additional 133,961 shares during the period. State of Wisconsin Investment Board increased its holdings in Shaw Communications by 1.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 309,225 shares of the company’s stock worth $6,736,000 after acquiring an additional 4,412 shares during the period. Finally, Marshall Wace North America L.P. increased its holdings in Shaw Communications by 31.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 31,715 shares of the company’s stock worth $698,000 after acquiring an additional 7,639 shares during the period. Hedge funds and other institutional investors own 51.90% of the company’s stock.

A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Monday, October 2nd. Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. BidaskClub downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Barclays PLC boosted their target price on shares of Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $27.00.

ILLEGAL ACTIVITY WARNING: “First Trust Advisors LP Has $19.91 Million Position in Shaw Communications Inc. (SJR)” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.com-unik.info/2017/11/05/first-trust-advisors-lp-has-19-91-million-position-in-shaw-communications-inc-sjr.html.

Shaw Communications Inc. (NYSE:SJR) opened at $22.98 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80. The firm has a market cap of $10,900.59, a PE ratio of 27.04, a PEG ratio of 4.38 and a beta of 0.97.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.0781 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.94 annualized dividend and a dividend yield of 4.08%. Shaw Communications’s dividend payout ratio (DPR) is currently 69.17%.

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.

Want to see what other hedge funds are holding SJR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B).

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

What are top analysts saying about Shaw Communications Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Shaw Communications Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit