Waratah Capital Advisors Ltd. Invests $6.73 Million in Shaw Communications Inc. (NYSE:SJR)

Waratah Capital Advisors Ltd. purchased a new position in shares of Shaw Communications Inc. (NYSE:SJRGet Rating) (TSE:SJR.B) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 216,717 shares of the company’s stock, valued at approximately $6,725,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PenderFund Capital Management Ltd. lifted its position in Shaw Communications by 1,666.7% in the 4th quarter. PenderFund Capital Management Ltd. now owns 3,710 shares of the company’s stock valued at $142,000 after acquiring an additional 3,500 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Shaw Communications by 16.2% in the 4th quarter. Quadrant Capital Group LLC now owns 5,892 shares of the company’s stock valued at $179,000 after acquiring an additional 821 shares in the last quarter. Cigna Investments Inc. New bought a new stake in Shaw Communications in the 4th quarter valued at $205,000. Yousif Capital Management LLC bought a new stake in Shaw Communications in the 4th quarter valued at $224,000. Finally, Connectus Wealth LLC bought a new stake in Shaw Communications in the 4th quarter valued at $302,000. 56.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on SJR shares. Scotiabank reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Shaw Communications in a research report on Tuesday, June 28th. StockNews.com upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. National Bank Financial upgraded shares of Shaw Communications from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. Canaccord Genuity Group upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Finally, Canaccord Genuity Group upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Shaw Communications Stock Performance

Shares of Shaw Communications stock traded down $0.27 during trading on Friday, hitting $26.80. 183,220 shares of the stock were exchanged, compared to its average volume of 341,282. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 20.00 and a beta of 0.52. The company has a fifty day moving average price of $27.69 and a 200-day moving average price of $29.02. Shaw Communications Inc. has a 1-year low of $25.63 and a 1-year high of $31.60. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 0.72.

Shaw Communications (NYSE:SJRGet Rating) (TSE:SJR.B) last released its quarterly earnings data on Thursday, June 30th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Shaw Communications had a net margin of 15.50% and a return on equity of 13.83%. Shaw Communications’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. As a group, equities analysts predict that Shaw Communications Inc. will post 1.22 EPS for the current fiscal year.

Shaw Communications Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.0767 per share. The ex-dividend date is Wednesday, December 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.43%. Shaw Communications’s dividend payout ratio is presently 68.66%.

About Shaw Communications

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Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The company's Wireline segment provides cable telecommunications services, including video, Internet, WiFi, phone, satellite video, and data networking through a national fibre-optic backbone network to Canadian consumers, North American businesses, and public-sector entities.

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

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