Assenagon Asset Management S.A. Acquires 90,819 Shares of Shaw Communications Inc (SJR)

Assenagon Asset Management S.A. grew its holdings in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,831 shares of the company’s stock after purchasing an additional 90,819 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Shaw Communications were worth $4,942,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. raised its holdings in shares of Shaw Communications by 170.3% in the 2nd 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. bought a new stake in shares of Shaw Communications in the 2nd quarter valued at about $252,000. Sigma Planning Corp bought a new stake in shares of Shaw Communications in the 3rd quarter valued at about $258,000. Cubist Systematic Strategies LLC bought a new stake in shares of Shaw Communications in the 2nd quarter valued at about $326,000. Finally, Quantbot Technologies LP raised its holdings in shares of Shaw Communications by 66.4% in the 2nd quarter. Quantbot Technologies LP now owns 20,834 shares of the company’s stock valued at $453,000 after purchasing an additional 8,313 shares in the last quarter. Institutional investors and hedge funds own 52.48% of the company’s stock.

Shaw Communications Inc (NYSE SJR) opened at $22.00 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.76 and a quick ratio of 0.66. Shaw Communications Inc has a 12-month low of $20.13 and a 12-month high of $23.44. The stock has a market cap of $10,448.68, a P/E ratio of 15.94, a PEG ratio of 4.62 and a beta of 0.95.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The firm had revenue of $992.09 million for the quarter, compared to the consensus estimate of $999.33 million. research analysts forecast that Shaw Communications Inc will post 0.95 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a $0.0795 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, April 12th. Shaw Communications’s payout ratio is currently 66.67%.

SJR has been the subject of several recent research reports. Scotiabank lowered shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Bank of America restated a “neutral” rating and issued a $32.00 price target on shares of Shaw Communications in a report on Tuesday, December 5th. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Finally, Barclays lifted their price objective on shares of Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.

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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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