Shaw Communications Inc. (SJR) Shares Bought by K.J. Harrison & Partners Inc
K.J. Harrison & Partners Inc boosted its position in Shaw Communications Inc. (NYSE:SJR) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 99,631 shares of the company’s stock after buying an additional 6,310 shares during the period. Shaw Communications comprises approximately 1.0% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 28th largest position. K.J. Harrison & Partners Inc’s holdings in Shaw Communications were worth $1,899,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its position in Shaw Communications by 0.4% in the first quarter. Canada Pension Plan Investment Board now owns 7,272 shares of the company’s stock worth $141,000 after buying an additional 28 shares during the period. Eqis Capital Management Inc. purchased a new position in Shaw Communications during the second quarter worth $218,000. Ngam Advisors L.P. increased its position in Shaw Communications by 32.6% in the first quarter. Ngam Advisors L.P. now owns 15,428 shares of the company’s stock worth $298,000 after buying an additional 3,792 shares during the period. Commonwealth Equity Services Inc purchased a new position in Shaw Communications during the first quarter worth $324,000. Finally, M&T Bank Corp increased its position in Shaw Communications by 5.2% in the first quarter. M&T Bank Corp now owns 19,884 shares of the company’s stock worth $385,000 after buying an additional 975 shares during the period. 51.85% of the stock is owned by hedge funds and other institutional investors.
Shaw Communications Inc. (NYSE:SJR) traded up 1.00% during midday trading on Wednesday, reaching $20.11. The company had a trading volume of 255,674 shares. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 9.55 and a beta of 0.85. Shaw Communications Inc. has a 12-month low of $15.66 and a 12-month high of $21.41. The stock’s 50 day moving average is $20.14 and its 200 day moving average is $19.30.
Shaw Communications (NYSE:SJR) last announced its quarterly earnings data on Friday, July 15th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.24. Shaw Communications had a net margin of 26.04% and a return on equity of 12.21%. The firm earned $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $0.42 EPS. The company’s revenue was up 13.0% on a year-over-year basis. Equities research analysts expect that Shaw Communications Inc. will post $0.87 earnings per share for the current year.
The company also recently disclosed a sep 16 dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a $0.0988 dividend. The ex-dividend date is Tuesday, September 13th. Shaw Communications’s dividend payout ratio (DPR) is presently 43.33%.
A number of research firms have weighed in on SJR. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Monday. BMO Capital Markets reaffirmed a “hold” rating on shares of Shaw Communications in a research report on Monday, July 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $24.00 price target (down previously from $25.00) on shares of Shaw Communications in a research report on Friday, July 15th. TD Securities reaffirmed a “buy” rating and set a $28.00 price target on shares of Shaw Communications in a research report on Tuesday, July 19th. Finally, Scotiabank reiterated an “outperform” rating and set a $30.00 price objective (up previously from $29.00) on shares of Shaw Communications in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.56.
About Shaw Communications
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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