SeaCrest Wealth Management LLC Invests $44,000 in Shaw Communications Inc. (NYSE:SJR)

SeaCrest Wealth Management LLC purchased a new position in Shaw Communications Inc. (NYSE:SJRGet Rating) (TSE:SJR.B) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gulf International Bank UK Ltd grew its holdings in shares of 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 during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Shaw Communications by 1.1% in the first quarter. Allianz Asset Management GmbH now owns 42,295 shares of the company’s stock worth $1,314,000 after purchasing an additional 454 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in Shaw Communications by 3.7% in the first quarter. Advisor Group Holdings Inc. now owns 15,193 shares of the company’s stock worth $472,000 after acquiring an additional 540 shares during the period. Metis Global Partners LLC lifted its stake in Shaw Communications by 6.0% in the second quarter. Metis Global Partners LLC now owns 17,550 shares of the company’s stock worth $517,000 after acquiring an additional 988 shares during the period. Finally, West Family Investments Inc. lifted its stake in 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 during the period. 55.21% of the stock is owned by hedge funds and other institutional investors.

Shaw Communications Stock Performance

Shares of Shaw Communications stock opened at $27.24 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $13.00 billion, a P/E ratio of 20.33 and a beta of 0.54. The business has a fifty day simple moving average of $25.50 and a two-hundred day simple moving average of $26.72. Shaw Communications Inc. has a 12 month low of $23.64 and a 12 month high of $31.60.

Wall Street Analyst Weigh In

A number of analysts recently commented on SJR shares. StockNews.com lowered Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, November 16th. Scotiabank raised Shaw Communications from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, October 26th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock 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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