Rogers Communication, Inc. $RCI Stock Holdings Lifted by Scheer Rowlett & Associates Investment Management Ltd.

Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,003,712 shares of the Wireless communications provider’s stock after purchasing an additional 234,764 shares during the quarter. Rogers Communication comprises approximately 3.9% of Scheer Rowlett & Associates Investment Management Ltd.’s portfolio, making the stock its 10th biggest position. Scheer Rowlett & Associates Investment Management Ltd. owned about 0.37% of Rogers Communication worth $59,469,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Aviva PLC grew its position in Rogers Communication by 6.6% in the 2nd quarter. Aviva PLC now owns 253,736 shares of the Wireless communications provider’s stock valued at $7,525,000 after buying an additional 15,753 shares during the last quarter. AGF Management Ltd. lifted its stake in shares of Rogers Communication by 28.1% in the 2nd quarter. AGF Management Ltd. now owns 1,800,421 shares of the Wireless communications provider’s stock worth $53,400,000 after acquiring an additional 394,848 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Rogers Communication in the second quarter valued at about $443,000. Metis Global Partners LLC boosted its holdings in shares of Rogers Communication by 12.6% in the second quarter. Metis Global Partners LLC now owns 15,984 shares of the Wireless communications provider’s stock valued at $474,000 after acquiring an additional 1,791 shares in the last quarter. Finally, Timelo Investment Management Inc. acquired a new position in shares of Rogers Communication during the second quarter worth about $1,097,000. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communication Trading Up 1.6%

Shares of Rogers Communication stock opened at $37.39 on Friday. The company has a 50-day moving average of $36.50 and a two-hundred day moving average of $32.30. Rogers Communication, Inc. has a 12-month low of $23.18 and a 12-month high of $40.26. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 1.55. The stock has a market cap of $20.20 billion, a PE ratio of 4.15, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.92 by $0.07. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $5.33 billion. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.42 EPS. On average, research analysts anticipate that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RCI has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Rogers Communication from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Cowen reissued a “buy” rating on shares of Rogers Communication in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Rogers Communication in a report on Wednesday, October 8th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Rogers Communication in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.00.

Rogers Communication Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.