Blueshift Asset Management LLC Purchases New Holdings in Rogers Communications Inc. (RCI)

Blueshift Asset Management LLC purchased a new stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,861 shares of the Wireless communications provider’s stock, valued at approximately $300,000.

Several other large investors have also added to or reduced their stakes in the business. Van ECK Associates Corp bought a new position in shares of Rogers Communications during the 4th quarter valued at about $72,000. Barometer Capital Management Inc. bought a new position in shares of Rogers Communications during the 4th quarter valued at about $943,000. Aviva PLC increased its position in shares of Rogers Communications by 64.3% during the 4th quarter. Aviva PLC now owns 285,500 shares of the Wireless communications provider’s stock valued at $14,652,000 after purchasing an additional 111,715 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Rogers Communications during the 4th quarter valued at about $652,000. Finally, Freestone Capital Holdings LLC increased its position in shares of Rogers Communications by 58.9% during the 4th quarter. Freestone Capital Holdings LLC now owns 13,440 shares of the Wireless communications provider’s stock valued at $689,000 after purchasing an additional 4,981 shares during the last quarter. 44.67% of the stock is currently owned by hedge funds and other institutional investors.

RCI opened at $53.80 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.65 and a current ratio of 0.72. Rogers Communications Inc. has a 1 year low of $43.11 and a 1 year high of $55.93. The company has a market cap of $27.59 billion, a P/E ratio of 16.09, a P/E/G ratio of 3.02 and a beta of 0.71.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, January 24th. The Wireless communications provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.32. Rogers Communications had a return on equity of 29.05% and a net margin of 13.63%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the company earned $0.88 EPS. Rogers Communications’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts forecast that Rogers Communications Inc. will post 3.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Tuesday, March 12th will be given a dividend of $0.3762 per share. This represents a $1.50 annualized dividend and a yield of 2.80%. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 11th. Rogers Communications’s dividend payout ratio (DPR) is presently 45.37%.

Several research firms recently issued reports on RCI. Zacks Investment Research upgraded Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Monday, January 28th. ValuEngine lowered Rogers Communications from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. National Bank Financial upgraded Rogers Communications from a “sector perform market weight” rating to an “outperform” rating in a research report on Thursday, January 3rd. Finally, Canaccord Genuity lowered Rogers Communications from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Rogers Communications currently has a consensus rating of “Hold” and a consensus target price of $54.68.

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About Rogers Communications

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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Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

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