Neuburgh Advisers LLC Purchases 256 Shares of Rogers Communications Inc. (NYSE:RCI)

Neuburgh Advisers LLC boosted its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 12.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,352 shares of the Wireless communications provider’s stock after purchasing an additional 256 shares during the period. Neuburgh Advisers LLC’s holdings in Rogers Communications were worth $121,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. M&T Bank Corp raised its stake in shares of Rogers Communications by 0.6% in the second quarter. M&T Bank Corp now owns 41,438 shares of the Wireless communications provider’s stock worth $2,218,000 after acquiring an additional 247 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Rogers Communications by 26.2% in the first quarter. Nordea Investment Management AB now owns 2,062,995 shares of the Wireless communications provider’s stock worth $148,265,000 after acquiring an additional 428,700 shares during the last quarter. PCJ Investment Counsel Ltd. raised its stake in shares of Rogers Communications by 30.6% in the first quarter. PCJ Investment Counsel Ltd. now owns 506,500 shares of the Wireless communications provider’s stock worth $27,248,000 after acquiring an additional 118,530 shares during the last quarter. K.J. Harrison & Partners Inc raised its stake in shares of Rogers Communications by 15.5% in the second quarter. K.J. Harrison & Partners Inc now owns 67,148 shares of the Wireless communications provider’s stock worth $3,594,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Investors Research Corp raised its stake in shares of Rogers Communications by 1.4% in the second quarter. Investors Research Corp now owns 18,300 shares of the Wireless communications provider’s stock worth $979,000 after acquiring an additional 250 shares during the last quarter. 51.24% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on RCI shares. Echelon Wealth Partners raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. ValuEngine downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets lowered their price target on shares of Rogers Communications from $81.00 to $79.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. cut shares of Rogers Communications from a “neutral” rating to an “underweight” rating in a research report on Monday, July 8th. Finally, Zacks Investment Research cut shares of Rogers Communications from a “buy” rating to a “hold” rating and set a $56.00 price target for the company. in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Rogers Communications currently has a consensus rating of “Hold” and an average target price of $60.18.

Shares of NYSE:RCI traded up $0.03 during trading on Friday, hitting $50.98. 6,411 shares of the company’s stock were exchanged, compared to its average volume of 366,867. Rogers Communications Inc. has a 1-year low of $48.56 and a 1-year high of $55.93. The firm has a 50-day moving average price of $50.95 and a two-hundred day moving average price of $52.40. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.94. The firm has a market cap of $25.85 billion, a P/E ratio of 15.23, a PEG ratio of 2.98 and a beta of 0.55.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Tuesday, July 23rd. The Wireless communications provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.02). The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.87 billion. Rogers Communications had a return on equity of 26.66% and a net margin of 13.79%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. As a group, research analysts predict that Rogers Communications Inc. will post 3.39 EPS for the current year.

Rogers Communications Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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

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