Pictet Asset Management SA Sells 2,148 Shares of Shaw Communications Inc. (NYSE:SJR)

Pictet Asset Management SA decreased its position in Shaw Communications Inc. (NYSE:SJRGet Rating) (TSE:SJR.B) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,991 shares of the company’s stock after selling 2,148 shares during the quarter. Pictet Asset Management SA’s holdings in Shaw Communications were worth $4,469,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in Shaw Communications in the second quarter worth $44,000. Power Corp of Canada bought a new position in Shaw Communications in the first quarter worth $54,000. Gulf International Bank UK Ltd raised its holdings in Shaw Communications by 13.0% in the second quarter. Gulf International Bank UK Ltd now owns 3,924 shares of the company’s stock worth $101,000 after purchasing an additional 450 shares in the last quarter. Shell Asset Management Co. bought a new position in Shaw Communications in the second quarter worth $177,000. Finally, Clear Harbor Asset Management LLC bought a new position in Shaw Communications in the first quarter worth $376,000. Institutional investors own 55.21% of the company’s stock.

Shaw Communications Trading Up 0.0 %

NYSE SJR opened at $27.24 on Friday. Shaw Communications Inc. has a 12 month low of $23.64 and a 12 month high of $31.60. The stock has a market cap of $13.00 billion, a P/E ratio of 20.33 and a beta of 0.54. The stock’s fifty day moving average price is $25.50 and its 200-day moving average price is $26.74. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 0.72.

Wall Street Analyst Weigh In

SJR has been the subject of a number of research reports. downgraded Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday. Scotiabank raised Shaw Communications from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Shaw Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

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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