Rogers Communication, Inc. (RCI) Shares Sold by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL reduced its stake in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 609,778 shares of the Wireless communications provider’s stock after selling 6,950 shares during the period. Gamco Investors INC. ET AL owned 0.15% of Rogers Communication worth $31,428,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. State of Wisconsin Investment Board boosted its holdings in Rogers Communication by 1.9% in the third quarter. State of Wisconsin Investment Board now owns 460,590 shares of the Wireless communications provider’s stock worth $23,695,000 after purchasing an additional 8,600 shares in the last quarter. Cumberland Partners Ltd bought a new stake in Rogers Communication in the third quarter worth $245,000. Cidel Asset Management Inc. boosted its holdings in Rogers Communication by 2.1% in the third quarter. Cidel Asset Management Inc. now owns 1,034,305 shares of the Wireless communications provider’s stock worth $53,193,000 after purchasing an additional 21,692 shares in the last quarter. Bollard Group LLC boosted its holdings in Rogers Communication by 7.5% in the third quarter. Bollard Group LLC now owns 48,010 shares of the Wireless communications provider’s stock worth $2,474,000 after purchasing an additional 3,368 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Rogers Communication in the third quarter worth $2,610,000. Institutional investors and hedge funds own 47.62% of the company’s stock.
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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Rogers Communication from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays PLC upped their price objective on shares of Rogers Communication from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. TheStreet upgraded shares of Rogers Communication from a “c+” rating to a “b” rating in a report on Thursday, October 19th. BidaskClub upgraded shares of Rogers Communication from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Finally, Morgan Stanley upped their price objective on shares of Rogers Communication from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, August 25th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Rogers Communication currently has a consensus rating of “Buy” and an average price target of $61.00.
Shares of Rogers Communication, Inc. (NYSE RCI) opened at $52.34 on Thursday. The stock has a market cap of $26,898.82, a PE ratio of 20.65, a price-to-earnings-growth ratio of 3.84 and a beta of 0.93. The company has a current ratio of 0.41, a quick ratio of 0.38 and a debt-to-equity ratio of 2.01. Rogers Communication, Inc. has a fifty-two week low of $37.03 and a fifty-two week high of $54.24.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Thursday, October 19th. The Wireless communications provider reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.19). The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.63 billion. Rogers Communication had a return on equity of 30.40% and a net margin of 9.20%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. equities research analysts predict that Rogers Communication, Inc. will post 2.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.92 annualized dividend and a dividend yield of 3.67%. Rogers Communication’s dividend payout ratio is currently 81.48%.
About Rogers Communication
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
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