Shaw Communications Inc Class B (SJR) Position Lifted by Barclays PLC

Barclays PLC increased its position in shares of Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) by 1,963.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,154 shares of the company’s stock after acquiring an additional 129,556 shares during the quarter. Barclays PLC’s holdings in Shaw Communications Inc Class B were worth $2,622,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC bought a new position in Shaw Communications Inc Class B in the fourth quarter valued at approximately $118,000. Citadel Advisors LLC bought a new position in Shaw Communications Inc Class B in the fourth quarter valued at approximately $217,000. First Republic Investment Management Inc. bought a new position in Shaw Communications Inc Class B in the fourth quarter valued at approximately $284,000. Investors Research Corp bought a new position in Shaw Communications Inc Class B in the fourth quarter valued at approximately $391,000. Finally, Quantitative Systematic Strategies LLC lifted its stake in Shaw Communications Inc Class B by 32.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 27,160 shares of the company’s stock valued at $523,000 after buying an additional 6,694 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of SJR stock opened at $21.04 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.54 and a current ratio of 0.63. The firm has a market capitalization of $10.12 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 4.41 and a beta of 0.93. Shaw Communications Inc Class B has a 12 month low of $18.50 and a 12 month high of $23.44.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Thursday, April 12th. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.17. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Shaw Communications Inc Class B had a net margin of 10.97% and a return on equity of 11.49%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. analysts anticipate that Shaw Communications Inc Class B will post 0.95 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Wednesday, August 15th will be given a $0.0773 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Tuesday, August 14th. Shaw Communications Inc Class B’s dividend payout ratio is presently 108.33%.

A number of research analysts have weighed in on the stock. Scotiabank raised shares of Shaw Communications Inc Class B from a “sector perform” rating to an “outperform” rating in a research note on Friday, April 13th. Canaccord Genuity set a $28.00 price target on shares of Shaw Communications Inc Class B and gave the company a “hold” rating in a research note on Tuesday, April 10th. Zacks Investment Research raised shares of Shaw Communications Inc Class B from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. CIBC raised shares of Shaw Communications Inc Class B from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 6th. Finally, Barclays raised shares of Shaw Communications Inc Class B from an “equal weight” rating to an “overweight” rating in a research note on Thursday, April 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $27.00.

Shaw Communications Inc Class B Company Profile

Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.

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

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