Shaw Communications (NYSE:SJR) Sees Strong Trading Volume

Shaw Communications Inc. (NYSE:SJR – Get Rating) (TSE:SJR.B) saw strong trading volume on Tuesday . 26,524 shares were traded during mid-day trading, a decline of 93% from the previous session’s volume of 363,424 shares.The stock last traded at $26.57 and had previously closed at $26.86.

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded Shaw Communications from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. National Bank Financial upgraded Shaw Communications from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 18th.

The firm has a fifty day simple moving average of $29.02 and a 200 day simple moving average of $29.58. The company has a market capitalization of $12.60 billion, a PE ratio of 17.00 and a beta of 0.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.87.

Shaw Communications (NYSE:SJR – Get Rating) (TSE:SJR.B) last released its quarterly earnings data on Wednesday, April 13th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Shaw Communications had a return on equity of 16.57% and a net margin of 18.19%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Research analysts expect that Shaw Communications Inc. will post 1.26 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 28th. Investors of record on Friday, July 15th will be issued a $0.0767 dividend. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $0.92 annualized dividend and a yield of 3.48%. Shaw Communications’s dividend payout ratio (DPR) is presently 58.23%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Power Corp of Canada purchased a new position in Shaw Communications during the 1st quarter worth approximately $54,000. PenderFund Capital Management Ltd. grew its stake in shares of Shaw Communications by 1,666.7% during the 4th quarter. PenderFund Capital Management Ltd. now owns 3,710 shares of the company’s stock worth $142,000 after purchasing an additional 3,500 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Shaw Communications by 16.2% during the 4th quarter. Quadrant Capital Group LLC now owns 5,892 shares of the company’s stock worth $179,000 after purchasing an additional 821 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of Shaw Communications during the 4th quarter worth approximately $205,000. Finally, Atlas Capital Advisors LLC grew its stake in shares of Shaw Communications by 24.9% during the 4th quarter. Atlas Capital Advisors LLC now owns 6,863 shares of the company’s stock worth $208,000 after purchasing an additional 1,367 shares during the period. 56.04% of the stock is owned by institutional investors.

Shaw Communications Company Profile (NYSE:SJR)

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The company's Wireline segment provides cable telecommunications services, including video, Internet, WiFi, phone, satellite video, and data networking through a national fibre-optic backbone network to Canadian consumers, North American businesses, and public-sector entities.

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