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.
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.
ILLEGAL ACTIVITY WARNING: “Shaw Communications Inc. (SJR) Holdings Decreased by Envestnet Asset Management Inc.” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/24/shaw-communications-inc-sjr-holdings-decreased-by-envestnet-asset-management-inc.html.
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.
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).
Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.