Swiss National Bank Has $37.35 Million Stake in Shaw Communications Inc (SJR)

Swiss National Bank lifted its holdings in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,635,300 shares of the company’s stock after acquiring an additional 3,500 shares during the quarter. Swiss National Bank’s holdings in Shaw Communications were worth $37,354,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eqis Capital Management Inc. increased its position in shares of Shaw Communications by 49.8% during the fourth quarter. Eqis Capital Management Inc. now owns 37,354 shares of the company’s stock worth $853,000 after acquiring an additional 12,420 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Shaw Communications during the fourth quarter worth about $467,000. USS Investment Management Ltd increased its position in shares of Shaw Communications by 12.2% during the third quarter. USS Investment Management Ltd now owns 332,309 shares of the company’s stock worth $7,655,000 after acquiring an additional 36,200 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Shaw Communications by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 1,217,477 shares of the company’s stock worth $28,111,000 after acquiring an additional 39,620 shares during the last quarter. Finally, Intact Investment Management Inc. increased its position in shares of Shaw Communications by 50.2% during the third quarter. Intact Investment Management Inc. now owns 974,000 shares of the company’s stock worth $27,943,000 after acquiring an additional 325,600 shares during the last quarter. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Shaw Communications Inc (NYSE:SJR) opened at $20.01 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. The firm has a market capitalization of $9,791.17, a PE ratio of 14.50, a P/E/G ratio of 4.33 and a beta of 0.89. Shaw Communications Inc has a fifty-two week low of $19.92 and a fifty-two week high of $23.44.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.06). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. equities analysts anticipate that Shaw Communications Inc will post 0.95 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a $0.0795 dividend. This represents a $0.95 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, April 12th. Shaw Communications’s dividend payout ratio is currently 66.67%.

A number of brokerages have recently issued reports on SJR. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. TD Securities raised Shaw Communications to a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research lowered Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the stock a “hold” rating in a research report on Thursday, January 11th. Finally, Bank of America reaffirmed a “neutral” rating and set a $32.00 target price on shares of Shaw Communications in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Shaw Communications presently has a consensus rating of “Hold” and a consensus 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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