Triasima Portfolio Management inc. Purchases New Holdings in Rogers Communication, Inc. $RCI

Triasima Portfolio Management inc. acquired a new position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) in the 3rd quarter, HoldingsChannel reports. The fund acquired 34,485 shares of the Wireless communications provider’s stock, valued at approximately $1,187,000.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC lifted its stake in shares of Rogers Communication by 143.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after acquiring an additional 978 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Rogers Communication by 106.2% during the second quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 1,005 shares during the last quarter. MAI Capital Management lifted its position in shares of Rogers Communication by 30.5% during the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 458 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 683 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Rogers Communication by 176.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider’s stock worth $86,000 after buying an additional 1,847 shares during the period. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley reissued an “underweight” rating on shares of Rogers Communication in a research report on Wednesday, December 10th. Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a report on Monday, January 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Communication in a report on Tuesday, January 13th. Barclays upped their target price on Rogers Communication from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Finally, Desjardins lowered Rogers Communication from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Stock Performance

Shares of Rogers Communication stock opened at $36.06 on Tuesday. The company has a market capitalization of $19.48 billion, a PE ratio of 4.00, a P/E/G ratio of 2.66 and a beta of 0.75. The company has a 50-day simple moving average of $37.38 and a two-hundred day simple moving average of $36.12. Rogers Communication, Inc. has a one year low of $23.18 and a one year high of $40.26. 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 posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.92 by $0.07. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $5.33 billion. Rogers Communication had a net margin of 32.49% and a return on equity of 17.14%. Rogers Communication’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 EPS. Research analysts expect that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.