Rogers Communication, Inc. $RCI Shares Sold by Ossiam

Ossiam cut its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 48.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,257 shares of the Wireless communications provider’s stock after selling 44,812 shares during the period. Ossiam’s holdings in Rogers Communication were worth $1,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in shares of Rogers Communication by 106.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 1,005 shares in the last quarter. MAI Capital Management raised its position in shares of Rogers Communication by 30.5% during the 2nd quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 458 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Rogers Communication by 52.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 683 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Rogers Communication by 176.9% in the second quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider’s stock valued at $86,000 after purchasing an additional 1,847 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Rogers Communication by 48.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,231 shares of the Wireless communications provider’s stock valued at $113,000 after purchasing an additional 1,389 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RCI. Desjardins downgraded shares of Rogers Communication from a “buy” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Rogers Communication in a research note on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Rogers Communication in a research report on Monday, December 1st. Barclays upped their price objective on shares of Rogers Communication from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Rogers Communication has a consensus rating of “Hold” and an average price target of $36.00.

Rogers Communication Trading Down 1.9%

Shares of Rogers Communication stock opened at $35.89 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.59 and a current ratio of 0.62. The company has a market capitalization of $19.39 billion, a P/E ratio of 3.99, a PEG ratio of 3.38 and a beta of 0.74. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $40.26. The company’s fifty day moving average is $37.71 and its two-hundred day moving average is $34.32.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. Rogers Communication had a net margin of 32.49% and a return on equity of 17.14%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Analysts forecast that Rogers Communication, Inc. will post 3.57 earnings per share for the current year.

Rogers Communication Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.