AGF Investments Inc. Trims Position in Shaw Communications Inc (SJR)
AGF Investments Inc. reduced its position in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 16.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 336,300 shares of the company’s stock after selling 64,784 shares during the quarter. AGF Investments Inc. owned approximately 0.07% of Shaw Communications worth $6,553,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of SJR. Tower Research Capital LLC TRC bought a new stake in shares of Shaw Communications in the 2nd quarter valued at $137,000. Lenox Wealth Management Inc. acquired a new position in shares of Shaw Communications during the 3rd quarter valued at $187,000. US Bancorp DE lifted its position in shares of Shaw Communications by 65.7% during the 2nd quarter. US Bancorp DE now owns 10,394 shares of the company’s stock valued at $212,000 after acquiring an additional 4,121 shares during the period. Cumberland Partners Ltd acquired a new position in shares of Shaw Communications during the 2nd quarter valued at $288,000. Finally, Alethea Capital Management LLC acquired a new position in shares of Shaw Communications during the 3rd quarter valued at $310,000. 53.89% of the stock is currently owned by institutional investors.
SJR traded up $0.07 during trading on Friday, hitting $18.98. 499,158 shares of the company’s stock were exchanged, compared to its average volume of 489,395. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72. Shaw Communications Inc has a fifty-two week low of $18.18 and a fifty-two week high of $23.44. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 3.63 and a beta of 0.96.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Tuesday, January 15th will be issued a dividend of $0.0754 per share. The ex-dividend date of this dividend is Monday, January 14th. This represents a $0.90 annualized dividend and a yield of 4.77%. Shaw Communications’s payout ratio is 76.27%.
A number of research firms recently issued reports on SJR. Zacks Investment Research reiterated a “hold” rating on shares of Shaw Communications in a research report on Thursday, November 15th. ValuEngine upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, Canaccord Genuity downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $26.00.
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About Shaw Communications
Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.
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