Shaw Communications Inc. (SJR) Holdings Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 16.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,613 shares of the company’s stock after selling 3,759 shares during the period. Envestnet Asset Management Inc.’s holdings in Shaw Communications were worth $428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. grew its holdings in shares of Shaw Communications by 170.3% in the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after purchasing an additional 2,953 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Shaw Communications in the second quarter valued at approximately $252,000. Sigma Planning Corp acquired a new position in shares of Shaw Communications in the third quarter valued at approximately $258,000. Janney Montgomery Scott LLC grew its holdings in shares of Shaw Communications by 4.2% in the second quarter. Janney Montgomery Scott LLC now owns 12,888 shares of the company’s stock valued at $281,000 after purchasing an additional 516 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Shaw Communications in the second quarter valued at approximately $326,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Shaw Communications Inc. (NYSE SJR) opened at $22.80 on Friday. Shaw Communications Inc. has a 12 month low of $19.76 and a 12 month high of $23.44. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 0.70. The stock has a market cap of $11,410.00, a P/E ratio of 25.91, a P/E/G ratio of 4.46 and a beta of 0.96.

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be paid a $0.0781 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.94 dividend on an annualized basis and a yield of 4.11%. Shaw Communications’s dividend payout ratio is currently 104.55%.

A number of research analysts recently weighed in on the stock. Bank of America restated a “neutral” rating and issued a $32.00 price objective on shares of Shaw Communications in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Monday, October 2nd. Barclays lifted their price objective on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Finally, Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.40.

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

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