Sigma Planning Corp acquired a new stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,202 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp bought a new position in Shaw Communications during the second quarter valued at $2,283,000. Eqis Capital Management Inc. increased its position in Shaw Communications by 18.9% during the third quarter. Eqis Capital Management Inc. now owns 24,934 shares of the company’s stock valued at $574,000 after acquiring an additional 3,959 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Shaw Communications by 1.4% during the second quarter. Mawer Investment Management Ltd. now owns 9,508,434 shares of the company’s stock valued at $207,499,000 after acquiring an additional 133,961 shares during the last quarter. State of Wisconsin Investment Board increased its position in Shaw Communications by 1.4% during the second quarter. State of Wisconsin Investment Board now owns 309,225 shares of the company’s stock valued at $6,736,000 after acquiring an additional 4,412 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its position in Shaw Communications by 31.7% during the second quarter. Marshall Wace North America L.P. now owns 31,715 shares of the company’s stock valued at $698,000 after acquiring an additional 7,639 shares during the last quarter. Institutional investors and hedge funds own 51.21% of the company’s stock.

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A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Shaw Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Finally, Barclays PLC boosted their price objective on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Shaw Communications currently has an average rating of “Hold” and an average price target of $27.00.

Shares of Shaw Communications Inc. (NYSE:SJR) traded up $0.16 on Friday, hitting $22.18. 342,328 shares of the stock were exchanged, compared to its average volume of 673,557. The stock has a market capitalization of $11,150.00, a price-to-earnings ratio of 26.39, a P/E/G ratio of 4.27 and a beta of 0.97. Shaw Communications Inc. has a 1 year low of $19.29 and a 1 year high of $23.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.80 and a quick ratio of 0.72.

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.0781 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, February 14th. Shaw Communications’s dividend payout ratio is currently 106.98%.

About Shaw Communications

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.

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

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