Shaw Communications Inc. (SJR) Holdings Lifted by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. boosted its stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,876,821 shares of the company’s stock after buying an additional 368,387 shares during the quarter. Shaw Communications accounts for approximately 1.9% of Mawer Investment Management Ltd.’s portfolio, making the stock its 17th largest holding. Mawer Investment Management Ltd. owned 2.08% of Shaw Communications worth $227,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of Shaw Communications in the second quarter valued at about $2,283,000. Eqis Capital Management Inc. lifted its holdings in shares of Shaw Communications by 18.9% in the third quarter. Eqis Capital Management Inc. now owns 24,934 shares of the company’s stock valued at $574,000 after purchasing an additional 3,959 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Shaw Communications by 1.4% in the second quarter. State of Wisconsin Investment Board now owns 309,225 shares of the company’s stock valued at $6,736,000 after purchasing an additional 4,412 shares in the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Shaw Communications by 31.7% in the second quarter. Marshall Wace North America L.P. now owns 31,715 shares of the company’s stock valued at $698,000 after purchasing an additional 7,639 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in shares of Shaw Communications by 50.2% in the third quarter. Intact Investment Management Inc. now owns 974,000 shares of the company’s stock valued at $27,943,000 after purchasing an additional 325,600 shares in the last quarter. Institutional investors own 50.86% of the company’s stock.

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Shares of Shaw Communications Inc. (SJR) traded up $0.02 on Tuesday, hitting $22.20. 554,800 shares of the company traded hands, compared to its average volume of 499,693. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11,110.00, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 4.22 and a beta of 0.97. Shaw Communications Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $23.31.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be paid a dividend of $0.0781 per share. This represents a $0.94 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, February 14th. Shaw Communications’s payout ratio is 106.98%.

Several brokerages have issued reports on SJR. BidaskClub raised shares of Shaw Communications from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Barclays PLC upped their price target on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Monday, October 2nd. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Finally, Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Shaw Communications currently has an average rating of “Hold” and a consensus target price of $27.00.

Shaw Communications Profile

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

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

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