Anchor Capital Advisors LLC increased its stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 27.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,330 shares of the company’s stock after buying an additional 9,530 shares during the period. Anchor Capital Advisors LLC’s holdings in Shaw Communications were worth $966,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Cutler Group LP boosted its stake in shares of Shaw Communications by 983.3% in the second quarter. Cutler Group LP now owns 6,500 shares of the company’s stock valued at $141,000 after buying an additional 5,900 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Shaw Communications during the first quarter valued at about $204,000. Wetherby Asset Management Inc. acquired a new position in Shaw Communications during the first quarter valued at $205,000. US Bancorp DE raised its position in Shaw Communications by 14.6% in the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock valued at $217,000 after buying an additional 1,267 shares during the last quarter. Finally, Greenleaf Trust raised its position in Shaw Communications by 1.7% in the first quarter. Greenleaf Trust now owns 11,228 shares of the company’s stock valued at $233,000 after buying an additional 190 shares during the last quarter. 53.24% of the stock is owned by institutional investors.

Shaw Communications Inc. (NYSE SJR) opened at 21.79 on Monday. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 26.22 and a beta of 0.91. The company’s 50 day moving average is $22.19 and its 200 day moving average is $21.37. Shaw Communications Inc. has a 12-month low of $19.02 and a 12-month high of $23.31.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings results on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.19. Shaw Communications had a net margin of 10.01% and a return on equity of 9.31%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business posted $0.11 EPS. Shaw Communications’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts anticipate that Shaw Communications Inc. will post $1.06 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.0744 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.89 annualized dividend and a dividend yield of 4.10%. Shaw Communications’s dividend payout ratio (DPR) is 113.75%.

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Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, June 15th. Canaccord Genuity restated a “hold” rating and set a $28.00 target price on shares of Shaw Communications in a report on Thursday, April 13th. Finally, National Bank Financial lowered shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Shaw Communications has an average rating of “Hold” and a consensus target price of $27.00.

Shaw Communications Company Profile

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

Institutional Ownership by Quarter for Shaw Communications (NYSE:SJR)

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