Shaw Communications Inc. (SJR) Sees Large Volume Increase
Shares of Shaw Communications Inc. (NYSE:SJR) saw an uptick in trading volume on Monday . 657,995 shares traded hands during trading, an increase of 4% from the previous session’s volume of 631,351 shares.The stock last traded at $18.90 and had previously closed at $18.69.
SJR has been the topic of several recent research reports. Bank of America Corp. initiated coverage on shares of Shaw Communications in a research report on Tuesday, July 5th. They set an “underperform” rating on the stock. TD Securities reiterated a “buy” rating and set a $28.00 target price on shares of Shaw Communications in a research report on Thursday, June 30th. Barclays PLC initiated coverage on shares of Shaw Communications in a research report on Tuesday, April 5th. They set an “equal weight” rating and a $20.00 target price on the stock. Zacks Investment Research lowered shares of Shaw Communications from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Finally, Scotiabank reiterated an “outperform” rating and set a $30.00 target price (up from $29.00) on shares of Shaw Communications in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.36.
The company has a market cap of $9.07 billion and a price-to-earnings ratio of 14.18. The company’s 50 day moving average is $19.11 and its 200-day moving average is $18.23.
Shaw Communications (NYSE:SJR) last posted its earnings results on Thursday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.37 billion. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. Equities analysts anticipate that Shaw Communications Inc. will post $1.33 EPS for the current fiscal year.
The business also recently announced a sep 16 dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.0988 per share.
Several hedge funds recently bought and sold shares of SJR. I.G. Investment Management LTD. boosted its stake in Shaw Communications by 13.1% in the fourth quarter. I.G. Investment Management LTD. now owns 29,209,513 shares of the company’s stock worth $502,669,000 after buying an additional 3,389,336 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Shaw Communications by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 483,396 shares of the company’s stock worth $8,310,000 after buying an additional 8,201 shares in the last quarter. First Trust Advisors LP boosted its stake in Shaw Communications by 34.6% in the fourth quarter. First Trust Advisors LP now owns 361,991 shares of the company’s stock worth $6,223,000 after buying an additional 93,073 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Shaw Communications by 4.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 119,816 shares of the company’s stock worth $2,062,000 after buying an additional 5,600 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in Shaw Communications during the fourth quarter worth about $1,269,000.
Shaw Communications Inc (Shaw) is a communication company. The Company’s operating segments are Consumer, Business Network Services, Business Infrastructure Services and Media. The Consumer division provides cable telecommunications services, including video, Internet, wireless fidelity (WiFi) and digital phone, and satellite video to Canadian consumers.
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