Crossmark Global Holdings Inc. purchased a new stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 73,414 shares of the company’s stock, valued at approximately $1,689,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Highstreet Asset Management Inc. grew its holdings in Shaw Communications by 1.5% during the 3rd quarter. Highstreet Asset Management Inc. now owns 524,427 shares of the company’s stock valued at $12,071,000 after buying an additional 7,532 shares in the last quarter. APG Asset Management N.V. grew its holdings in Shaw Communications by 3.7% during the 3rd quarter. APG Asset Management N.V. now owns 575,781 shares of the company’s stock valued at $13,222,000 after buying an additional 20,500 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Shaw Communications by 234.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 125,012 shares of the company’s stock valued at $2,871,000 after buying an additional 87,588 shares in the last quarter. Shell Asset Management Co. grew its holdings in Shaw Communications by 271.5% during the 3rd quarter. Shell Asset Management Co. now owns 275,157 shares of the company’s stock valued at $7,553,000 after buying an additional 201,095 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its holdings in Shaw Communications by 18.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 24,934 shares of the company’s stock valued at $574,000 after buying an additional 3,959 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Several equities analysts have weighed in on SJR shares. BidaskClub cut Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, September 19th. Barclays PLC raised their price target on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Finally, Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Shaw Communications currently has a consensus rating of “Hold” and an average price target of $27.00.

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Shares of Shaw Communications Inc. (SJR) opened at $22.62 on Wednesday. The stock has a market capitalization of $10,834.17, a P/E ratio of 26.87, a PEG ratio of 4.35 and a beta of 0.97. Shaw Communications Inc. has a one year low of $19.02 and a one year high of $23.31. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 0.70.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be paid a $0.0781 dividend. This represents a $0.94 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Wednesday, February 14th. Shaw Communications’s payout ratio is 69.17%.

Shaw Communications 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.

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

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