Rogers Communications Inc. (RCI) Position Reduced by Susquehanna International Group LLP

Susquehanna International Group LLP trimmed its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 46.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,100 shares of the Wireless communications provider’s stock after selling 15,000 shares during the quarter. Susquehanna International Group LLP’s holdings in Rogers Communications were worth $881,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew its position in Rogers Communications by 14.6% during the 2nd quarter. US Bancorp DE now owns 3,930 shares of the Wireless communications provider’s stock valued at $185,000 after purchasing an additional 501 shares during the last quarter. Wetherby Asset Management Inc. purchased a new stake in Rogers Communications during the 2nd quarter valued at about $203,000. Trexquant Investment LP purchased a new stake in Rogers Communications during the 3rd quarter valued at about $205,000. Fort Pitt Capital Group LLC purchased a new stake in Rogers Communications during the 3rd quarter valued at about $211,000. Finally, Cumberland Partners Ltd purchased a new stake in Rogers Communications during the 3rd quarter valued at about $245,000. 47.23% of the stock is currently owned by institutional investors.

Shares of Rogers Communications Inc. (RCI) opened at $49.96 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.38 and a current ratio of 0.41. The stock has a market cap of $25,719.91, a PE ratio of 19.75, a PEG ratio of 3.67 and a beta of 0.92. Rogers Communications Inc. has a 1-year low of $37.81 and a 1-year high of $54.95.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Thursday, October 19th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.19). The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Rogers Communications had a net margin of 9.20% and a return on equity of 30.40%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. sell-side analysts forecast that Rogers Communications Inc. will post 2.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, December 8th. Rogers Communications’s payout ratio is presently 81.48%.

Several brokerages recently commented on RCI. Bank of America began coverage on shares of Rogers Communications in a research report on Tuesday, November 21st. They set a “buy” rating on the stock. Morgan Stanley raised their price target on shares of Rogers Communications from $67.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Zacks Investment Research downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. TheStreet raised shares of Rogers Communications from a “c+” rating to a “b” rating in a report on Thursday, October 19th. Finally, Barclays raised their price target on shares of Rogers Communications from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $61.80.

TRADEMARK VIOLATION WARNING: “Rogers Communications Inc. (RCI) Position Reduced by Susquehanna International Group LLP” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://sportsperspectives.com/2017/12/17/rogers-communications-inc-rci-position-reduced-by-susquehanna-international-group-llp.html.

Rogers Communications Profile

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply