Fox Run Management L.L.C. purchased a new stake in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 35,272 shares of the company’s stock, valued at approximately $805,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Shaw Communications by 4.9% during the second quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock valued at $219,621,000 after buying an additional 468,447 shares during the period. Mawer Investment Management Ltd. increased its position in shares of Shaw Communications by 3.9% during the third quarter. Mawer Investment Management Ltd. now owns 9,876,821 shares of the company’s stock valued at $227,473,000 after buying an additional 368,387 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Shaw Communications by 107.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,165,209 shares of the company’s stock valued at $188,295,000 after buying an additional 4,235,803 shares during the period. CIBC Asset Management Inc increased its position in shares of Shaw Communications by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,204,929 shares of the company’s stock valued at $165,401,000 after buying an additional 234,868 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Shaw Communications by 93.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock valued at $97,336,000 after buying an additional 2,157,463 shares during the period. Institutional investors own 52.48% of the company’s stock.

Several brokerages recently issued reports on SJR. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, October 2nd. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Bank of America reiterated a “neutral” rating and set a $32.00 price target on shares of Shaw Communications in a research report on Tuesday, December 5th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Finally, Canaccord Genuity set a $28.00 price target on shares of Shaw Communications and gave the company a “hold” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.00.

Shares of Shaw Communications Inc (SJR) opened at $21.59 on Friday. The firm has a market cap of $10,820.00, a PE ratio of 22.73, a price-to-earnings-growth ratio of 4.58 and a beta of 0.96. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.70. Shaw Communications Inc has a fifty-two week low of $20.13 and a fifty-two week high of $23.44.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. equities analysts expect that Shaw Communications Inc will post 0.95 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a $0.0795 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Thursday, April 12th. Shaw Communications’s dividend payout ratio (DPR) is presently 96.84%.

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Shaw Communications 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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