Bridgewater Associates LP Has $3.95 Million Stake in Shaw Communications Inc (SJR)

Bridgewater Associates LP grew its stake in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,836 shares of the company’s stock after purchasing an additional 30,827 shares during the quarter. Bridgewater Associates LP’s holdings in Shaw Communications were worth $3,950,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SJR. Bank of Montreal Can lifted its stake in Shaw Communications by 43.8% in the third quarter. Bank of Montreal Can now owns 10,265,279 shares of the company’s stock worth $200,071,000 after acquiring an additional 3,129,137 shares during the period. Great West Life Assurance Co. Can lifted its stake in Shaw Communications by 105.1% in the third quarter. Great West Life Assurance Co. Can now owns 4,789,358 shares of the company’s stock worth $93,385,000 after acquiring an additional 2,454,150 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Shaw Communications by 112.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,829,150 shares of the company’s stock worth $77,954,000 after acquiring an additional 2,027,852 shares during the period. Toronto Dominion Bank lifted its stake in Shaw Communications by 77.8% in the second quarter. Toronto Dominion Bank now owns 3,831,191 shares of the company’s stock worth $78,315,000 after acquiring an additional 1,676,409 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its stake in Shaw Communications by 26.3% in the second quarter. Burgundy Asset Management Ltd. now owns 6,479,474 shares of the company’s stock worth $131,775,000 after acquiring an additional 1,351,019 shares during the period. 54.19% of the stock is owned by institutional investors.

SJR opened at $18.85 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 3.62 and a beta of 0.94. Shaw Communications Inc has a 12-month low of $18.18 and a 12-month high of $23.44.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Shaw Communications had a return on equity of 12.90% and a net margin of 1.04%. On average, equities analysts predict that Shaw Communications Inc will post 1.04 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Tuesday, January 15th will be issued a $0.0754 dividend. The ex-dividend date of this dividend is Monday, January 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.80%. Shaw Communications’s dividend payout ratio (DPR) is 76.27%.

A number of analysts recently commented on the company. Zacks Investment Research reaffirmed a “hold” rating on shares of Shaw Communications in a research note on Thursday, November 15th. ValuEngine raised Shaw Communications from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Canaccord Genuity lowered Shaw Communications from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.50.

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About Shaw Communications

Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.

Read More: What are retained earnings?

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

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