Investors Research Corp purchased a new position in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) during the fourth quarter, Holdings Channel reports. The fund purchased 17,125 shares of the company’s stock, valued at approximately $391,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SJR. Advisor Group Inc. lifted its holdings in Shaw Communications by 72.0% in the 3rd quarter. Advisor Group Inc. now owns 8,061 shares of the company’s stock worth $186,000 after purchasing an additional 3,374 shares in the last quarter. Citadel Advisors LLC purchased a new position in Shaw Communications in the 4th quarter worth approximately $217,000. Ameriprise Financial Inc. purchased a new position in Shaw Communications in the 2nd quarter worth approximately $252,000. Sigma Planning Corp purchased a new position in Shaw Communications in the 3rd quarter worth approximately $258,000. Finally, First Republic Investment Management Inc. purchased a new position in Shaw Communications in the 4th quarter worth approximately $284,000. 61.46% of the stock is currently owned by institutional investors.

Shares of Shaw Communications Inc (NYSE:SJR) opened at $19.34 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.70. Shaw Communications Inc has a 12 month low of $19.05 and a 12 month high of $23.44. The stock has a market capitalization of $9,214.66, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 4.11 and a beta of 0.96.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings data on Thursday, January 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.06). Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm earned $0.18 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. sell-side analysts expect that Shaw Communications Inc will post 0.94 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a $0.0795 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Thursday, April 12th. Shaw Communications’s payout ratio is 66.67%.

A number of research analysts recently commented on SJR shares. Bank of America reissued a “neutral” rating and issued a $32.00 price target on shares of Shaw Communications in a report on Tuesday, December 5th. Zacks Investment Research cut Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Canaccord Genuity set a $28.00 price target on Shaw Communications and gave the stock a “hold” rating in a report on Thursday, January 11th. Finally, TD Securities raised Shaw Communications to a “buy” rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $27.00.

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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.

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

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