Rogers Communications (RCI) Shares Bought by Ladenburg Thalmann Financial Services Inc.
Ladenburg Thalmann Financial Services Inc. raised its holdings in Rogers Communications (NYSE:RCI) (TSE:RCI.B) by 107.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,308 shares of the Wireless communications provider’s stock after buying an additional 1,198 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Rogers Communications were worth $117,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MANA Advisors LLC bought a new stake in shares of Rogers Communications in the 4th quarter worth approximately $294,000. FDx Advisors Inc. bought a new stake in shares of Rogers Communications in the 4th quarter worth approximately $305,000. Clearbridge Investments LLC lifted its position in shares of Rogers Communications by 466.8% during the 4th quarter. Clearbridge Investments LLC now owns 9,069 shares of the Wireless communications provider’s stock worth $462,000 after buying an additional 7,469 shares during the period. Dean Capital Investments Management LLC bought a new position in shares of Rogers Communications during the 4th quarter worth approximately $485,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Rogers Communications by 26.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,380 shares of the Wireless communications provider’s stock worth $535,000 after buying an additional 2,178 shares during the period. 47.50% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the company. Desjardins upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research downgraded Rogers Communications from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Barclays restated a “hold” rating and set a $55.00 target price on shares of Rogers Communications in a research report on Friday, January 26th. Finally, National Bank Financial downgraded Rogers Communications from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Rogers Communications has an average rating of “Buy” and a consensus price target of $62.75.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Thursday, January 25th. The Wireless communications provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. Rogers Communications had a return on equity of 30.65% and a net margin of 12.09%. Rogers Communications’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. equities research analysts forecast that Rogers Communications will post 3.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Monday, March 12th were issued a dividend of $0.3843 per share. The ex-dividend date was Friday, March 9th. This represents a $1.54 dividend on an annualized basis and a yield of 3.38%. Rogers Communications’s dividend payout ratio is 57.56%.
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Rogers Communications Company Profile
Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.
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