HighTower Advisors LLC increased its stake in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 16.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,958 shares of the company’s stock after acquiring an additional 4,794 shares during the quarter. HighTower Advisors LLC’s holdings in Shaw Communications were worth $737,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in shares of Shaw Communications by 170.3% in the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after acquiring an additional 2,953 shares in the last quarter. Cutler Group LP increased its stake in shares of Shaw Communications by 983.3% in the 2nd quarter. Cutler Group LP now owns 6,500 shares of the company’s stock valued at $141,000 after acquiring an additional 5,900 shares in the last quarter. US Bancorp DE increased its stake in shares of Shaw Communications by 14.6% in the 2nd quarter. US Bancorp DE now owns 9,921 shares of the company’s stock valued at $217,000 after acquiring an additional 1,267 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Shaw Communications by 4.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock valued at $225,000 after acquiring an additional 439 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Shaw Communications in the 2nd quarter valued at $252,000. Institutional investors own 51.83% of the company’s stock.

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Shares of Shaw Communications Inc. (SJR) opened at 21.85 on Friday. Shaw Communications Inc. has a 52 week low of $19.02 and a 52 week high of $23.31. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 25.35 and a beta of 0.91. The firm’s 50-day moving average is $22.71 and its 200-day moving average is $21.90.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Shaw Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. National Bank Financial lowered shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. BidaskClub upgraded shares of Shaw Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Scotiabank lowered shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.14.

About Shaw Communications

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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