123,575 Shares in Rogers Communication, Inc. $RCI Acquired by JCIC Asset Management Inc.

JCIC Asset Management Inc. acquired a new stake in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 123,575 shares of the Wireless communications provider’s stock, valued at approximately $4,253,000. Rogers Communication makes up about 1.3% of JCIC Asset Management Inc.’s holdings, making the stock its 25th biggest position.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC grew its stake in Rogers Communication by 143.2% during the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after acquiring an additional 978 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Rogers Communication by 106.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 1,005 shares during the last quarter. MAI Capital Management grew its position in shares of Rogers Communication by 30.5% during the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 458 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 683 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings 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 purchasing an additional 1,847 shares during the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Wall Street Analyst Weigh In

RCI has been the subject of several research analyst reports. Desjardins cut Rogers Communication from a “buy” rating to a “hold” rating in a report on Wednesday, December 10th. Cowen reissued a “buy” rating on shares of Rogers Communication in a report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rogers Communication in a research note on Friday, December 26th. Barclays increased their price objective on shares of Rogers Communication from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Finally, Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rogers Communication currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Stock Up 0.5%

Shares of RCI opened at $35.76 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 1.55. The business has a fifty day moving average of $37.41 and a 200 day moving average of $36.09. The company has a market cap of $19.32 billion, a PE ratio of 3.97, a P/E/G ratio of 2.66 and a beta of 0.75. Rogers Communication, Inc. has a 52-week low of $23.18 and a 52-week high of $40.26.

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

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.