Ensign Peak Advisors Inc Has $862,000 Position in Rogers Communication, Inc. $RCI

Ensign Peak Advisors Inc cut its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 18.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,117 shares of the Wireless communications provider’s stock after selling 6,600 shares during the period. Ensign Peak Advisors Inc’s holdings in Rogers Communication were worth $862,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in RCI. SBI Securities Co. Ltd. increased its position in Rogers Communication by 106.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock worth $58,000 after buying an additional 1,005 shares during the period. Parallel Advisors LLC grew its stake in shares of Rogers Communication by 176.9% in the second quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider’s stock worth $86,000 after acquiring an additional 1,847 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Rogers Communication by 48.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,231 shares of the Wireless communications provider’s stock worth $113,000 after acquiring an additional 1,389 shares during the period. Tobam raised its stake in Rogers Communication by 148.6% during the 2nd quarter. Tobam now owns 4,005 shares of the Wireless communications provider’s stock valued at $119,000 after purchasing an additional 2,394 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Rogers Communication by 6.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 5,461 shares of the Wireless communications provider’s stock valued at $162,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 45.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RCI shares. Cowen restated a “buy” rating on shares of Rogers Communication in a report on Friday, October 24th. Barclays boosted their price target on Rogers Communication from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rogers Communication in a research report on Wednesday, October 8th. Finally, Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.00.

Rogers Communication Price Performance

Rogers Communication stock opened at $39.09 on Friday. The business has a 50 day simple moving average of $37.33 and a 200 day simple moving average of $33.66. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.62 and a quick ratio of 0.59. The company has a market capitalization of $21.12 billion, a PE ratio of 4.34, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. Rogers Communication, Inc. has a one year low of $23.18 and a one year high of $40.26.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.07. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $5.33 billion. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 earnings per share. On average, sell-side analysts forecast that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

About Rogers Communication

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.