Advisory Services Network LLC lowered its position in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,247 shares of the company’s stock after selling 146 shares during the quarter. Advisory Services Network LLC’s holdings in Shaw Communications were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Shaw Communications in the second quarter worth approximately $1,682,000. Susquehanna International Group LLP lifted its stake in Shaw Communications by 116.1% in the second quarter. Susquehanna International Group LLP now owns 60,300 shares of the company’s stock worth $1,314,000 after acquiring an additional 32,400 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Shaw Communications by 93.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock worth $97,336,000 after acquiring an additional 2,157,463 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Shaw Communications in the second quarter worth approximately $326,000. Finally, HighTower Advisors LLC lifted its stake in Shaw Communications by 16.4% in the second quarter. HighTower Advisors LLC now owns 33,958 shares of the company’s stock worth $737,000 after acquiring an additional 4,794 shares during the last quarter. Institutional investors own 51.77% of the company’s stock.

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Shares of Shaw Communications Inc. (NYSE SJR) traded down 0.78% during mid-day trading on Friday, hitting $21.68. 57,880 shares of the stock traded hands. The stock has a market cap of $10.70 billion, a PE ratio of 25.15 and a beta of 0.91. The stock has a 50-day moving average of $22.68 and a 200 day moving average of $21.92. Shaw Communications Inc. has a one year low of $19.02 and a one year high of $23.31.

A number of brokerages recently issued reports on SJR. Zacks Investment Research downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. National Bank Financial downgraded shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. BidaskClub upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.14.

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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