Man Group plc Acquires 22,760 Shares of Shaw Communications Inc (SJR)

Man Group plc raised its holdings in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 21.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 130,702 shares of the company’s stock after acquiring an additional 22,760 shares during the quarter. Man Group plc’s holdings in Shaw Communications were worth $2,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Shaw Communications by 46.1% in the third quarter. The Manufacturers Life Insurance Company now owns 5,020,773 shares of the company’s stock valued at $97,855,000 after purchasing an additional 1,583,258 shares during the last quarter. Jefferies Group LLC raised its holdings in shares of Shaw Communications by 50.7% in the third quarter. Jefferies Group LLC now owns 46,891 shares of the company’s stock valued at $913,000 after purchasing an additional 15,784 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Shaw Communications by 26.3% in the third quarter. First Republic Investment Management Inc. now owns 16,365 shares of the company’s stock valued at $319,000 after purchasing an additional 3,409 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Shaw Communications by 27.8% in the third quarter. Renaissance Technologies LLC now owns 2,235,900 shares of the company’s stock valued at $43,577,000 after purchasing an additional 485,800 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in shares of Shaw Communications by 69.9% in the third quarter. Riverhead Capital Management LLC now owns 7,983 shares of the company’s stock valued at $154,000 after purchasing an additional 3,283 shares during the last quarter. Hedge funds and other institutional investors own 53.66% of the company’s stock.

NYSE SJR opened at $19.20 on Wednesday. Shaw Communications Inc has a 52-week low of $17.50 and a 52-week high of $23.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.64 and a quick ratio of 0.57. The stock has a market cap of $9.28 billion, a P/E ratio of 16.27, a P/E/G ratio of 3.66 and a beta of 0.86.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Shaw Communications had a net margin of 1.04% and a return on equity of 12.90%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts anticipate that Shaw Communications Inc will post 1.04 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 30th. Investors of record on Tuesday, January 15th will be issued a dividend of $0.0754 per share. The ex-dividend date is Monday, January 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.71%. Shaw Communications’s dividend payout ratio (DPR) is presently 75.42%.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday. ValuEngine downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Canaccord Genuity downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, Desjardins upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $26.00.

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About Shaw Communications

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

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

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