Hsbc Holdings PLC Boosts Stock Holdings in Shaw Communications Inc. (NYSE:SJR)

Hsbc Holdings PLC boosted its stake in shares of Shaw Communications Inc. (NYSE:SJRGet Rating) (TSE:SJR.B) by 6.1% during the first quarter, HoldingsChannel.com reports. The firm owned 4,921,288 shares of the company’s stock after acquiring an additional 281,793 shares during the period. Hsbc Holdings PLC’s holdings in Shaw Communications were worth $152,889,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Shaw Communications by 56.7% during the first quarter. Renaissance Technologies LLC now owns 3,230,639 shares of the company’s stock worth $100,328,000 after purchasing an additional 1,169,005 shares during the period. Ontario Teachers Pension Plan Board raised its stake in Shaw Communications by 71.6% during the first quarter. Ontario Teachers Pension Plan Board now owns 30,596 shares of the company’s stock worth $949,000 after purchasing an additional 12,762 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Shaw Communications by 21.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,324,204 shares of the company’s stock worth $41,102,000 after purchasing an additional 232,753 shares during the period. USS Investment Management Ltd raised its stake in Shaw Communications by 1.6% during the first quarter. USS Investment Management Ltd now owns 343,616 shares of the company’s stock worth $10,674,000 after purchasing an additional 5,279 shares during the period. Finally, West Family Investments Inc. increased its position in shares of Shaw Communications by 9.5% in the first quarter. West Family Investments Inc. now owns 12,216 shares of the company’s stock worth $379,000 after acquiring an additional 1,063 shares in the last quarter. Hedge funds and other institutional investors own 55.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SJR. National Bank Financial raised shares of Shaw Communications from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 18th. Canaccord Genuity Group raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, June 21st. Canaccord Genuity Group raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, June 21st. Finally, Scotiabank reissued a “sector perform” rating and issued a $38.00 price objective on shares of Shaw Communications in a research report on Tuesday, June 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

Shaw Communications Price Performance

SJR opened at $26.44 on Friday. The company has a fifty day simple moving average of $26.88 and a 200 day simple moving average of $28.49. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 19.73 and a beta of 0.53. Shaw Communications Inc. has a twelve month low of $25.08 and a twelve month high of $31.60. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 0.72.

Shaw Communications (NYSE:SJRGet Rating) (TSE:SJR.B) last released its quarterly earnings results on Thursday, June 30th. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Shaw Communications had a net margin of 15.50% and a return on equity of 13.83%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. Equities research analysts expect that Shaw Communications Inc. will post 1.22 EPS for the current fiscal year.

Shaw Communications Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 15th will be issued a dividend of $0.0767 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, December 14th. Shaw Communications’s payout ratio is 69.40%.

Shaw Communications Company Profile

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

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