Westerkirk Capital Inc. Invests $638,000 in Rogers Communication, Inc. $RCI

Westerkirk Capital Inc. bought a new stake in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 21,505 shares of the Wireless communications provider’s stock, valued at approximately $638,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Polar Asset Management Partners Inc. raised its position in shares of Rogers Communication by 194.1% during the first quarter. Polar Asset Management Partners Inc. now owns 125,000 shares of the Wireless communications provider’s stock worth $3,342,000 after purchasing an additional 82,500 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Rogers Communication during the 2nd quarter valued at $328,000. Deutsche Bank AG increased its stake in Rogers Communication by 4.7% during the 1st quarter. Deutsche Bank AG now owns 578,493 shares of the Wireless communications provider’s stock valued at $15,463,000 after purchasing an additional 25,717 shares in the last quarter. Fiera Capital Corp raised its holdings in Rogers Communication by 56.1% during the second quarter. Fiera Capital Corp now owns 78,335 shares of the Wireless communications provider’s stock worth $2,322,000 after buying an additional 28,163 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. lifted its stake in shares of Rogers Communication by 383.5% in the first quarter. PCJ Investment Counsel Ltd. now owns 187,150 shares of the Wireless communications provider’s stock valued at $5,001,000 after buying an additional 148,440 shares in the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RCI has been the subject of a number of recent research reports. Cowen reissued a “buy” rating on shares of Rogers Communication in a report on Monday. Barclays upped their price target on Rogers Communication from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Rogers Communication in a research note on Wednesday, October 8th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a research note on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.00.

Rogers Communication Stock Down 0.7%

RCI stock opened at $38.67 on Wednesday. The stock has a fifty day moving average of $37.48 and a 200-day moving average of $33.91. Rogers Communication, Inc. has a fifty-two week low of $23.18 and a fifty-two week high of $40.26. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 4.30, a PEG ratio of 3.29 and a beta of 0.74. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.59 and a current ratio of 0.62.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 EPS. As a group, equities research analysts predict that Rogers Communication, Inc. will post 3.57 earnings per share for the current year.

About Rogers Communication

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.