Eqis Capital Management Inc. lifted its position in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 49.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,354 shares of the company’s stock after purchasing an additional 12,420 shares during the quarter. Eqis Capital Management Inc.’s holdings in Shaw Communications were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its holdings in shares of Shaw Communications by 72.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 215,831 shares of the company’s stock valued at $4,942,000 after buying an additional 90,819 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Shaw Communications during the 4th quarter valued at about $805,000. AMP Capital Investors Ltd raised its holdings in shares of Shaw Communications by 2.4% during the 3rd quarter. AMP Capital Investors Ltd now owns 136,210 shares of the company’s stock valued at $3,130,000 after buying an additional 3,200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Shaw Communications by 107.8% during the 3rd 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 in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of Shaw Communications by 25.8% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 20,745 shares of the company’s stock valued at $477,000 after buying an additional 4,251 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

Shaw Communications Inc (NYSE:SJR) opened at $21.70 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. Shaw Communications Inc has a 1 year low of $20.13 and a 1 year high of $23.44. The stock has a market capitalization of $10,890.00, a P/E ratio of 22.60, a P/E/G ratio of 4.63 and a beta of 0.96.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings results on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. Shaw Communications’s revenue was up 2.7% compared to the same quarter last year. analysts predict that Shaw Communications Inc will post 0.95 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be given a dividend of $0.0795 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.95 annualized dividend and a yield of 4.40%. Shaw Communications’s payout ratio is 95.83%.

SJR has been the topic of a number of research reports. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. TD Securities raised Shaw Communications to a “buy” rating in a report on Friday, January 12th. Zacks Investment Research upgraded 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. Barclays raised their price target on Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, Canaccord Genuity set a $28.00 price target on Shaw Communications and gave the stock a “hold” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.00.

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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.

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

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