Guardian Partners Inc. raised its stake in Rogers Communication, Inc. (NYSE:RCI – Free Report) (TSE:RCI.B) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 359,957 shares of the Wireless communications provider’s stock after purchasing an additional 19,967 shares during the period. Rogers Communication comprises 1.0% of Guardian Partners Inc.’s portfolio, making the stock its 27th largest holding. Guardian Partners Inc.’s holdings in Rogers Communication were worth $11,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Rogers Communication by 10.2% during the first quarter. Parallel Advisors LLC now owns 3,377 shares of the Wireless communications provider’s stock worth $130,000 after purchasing an additional 312 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Rogers Communication by 15.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,107 shares of the Wireless communications provider’s stock valued at $119,000 after purchasing an additional 418 shares during the period. Versant Capital Management Inc boosted its position in shares of Rogers Communication by 8.2% in the 3rd quarter. Versant Capital Management Inc now owns 6,326 shares of the Wireless communications provider’s stock valued at $195,000 after purchasing an additional 480 shares during the period. Squarepoint Ops LLC boosted its position in shares of Rogers Communication by 2.5% in the 2nd quarter. Squarepoint Ops LLC now owns 21,669 shares of the Wireless communications provider’s stock valued at $704,000 after purchasing an additional 524 shares during the period. Finally, IFP Advisors Inc grew its stake in Rogers Communication by 224.7% during the 3rd quarter. IFP Advisors Inc now owns 1,445 shares of the Wireless communications provider’s stock worth $45,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.
Rogers Communication Price Performance
Shares of NYSE:RCI opened at $31.75 on Thursday. The company has a 50-day simple moving average of $34.15 and a 200-day simple moving average of $34.86. Rogers Communication, Inc. has a one year low of $29.25 and a one year high of $41.14. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 4.06 and a beta of 0.65.
Rogers Communication (NYSE:RCI – Get Free Report) (TSE:RCI.B) last released its quarterly earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.91 billion. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. On average, analysts predict that Rogers Communication, Inc. will post 3.24 EPS for the current year.
Wall Street Analyst Weigh In
RCI has been the topic of several research analyst reports. Weiss Ratings lowered Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded Rogers Communication from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Barclays decreased their price objective on Rogers Communication from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. TD Securities restated a “buy” rating on shares of Rogers Communication in a research report on Thursday, July 23rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Rogers Communication in a report on Tuesday. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.00.
Rogers Communication Profile
Rogers Communications Inc is a Canadian communications and media company serving consumers, businesses and public-sector organizations across Canada. Its telecommunications operations provide wireless voice and data services, broadband internet, television, home phone and related connectivity products. The company also offers enterprise networking, cybersecurity, cloud and other information technology services.
Rogers operates a portfolio of media and sports properties, including Sportsnet, Citytv and OMNI Television, along with radio stations, digital platforms and publishing operations.
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