Rogers Communications Inc. (RCI) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 30.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,437 shares of the Wireless communications provider’s stock after selling 79,338 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Rogers Communications were worth $9,438,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Chicago Capital LLC acquired a new stake in Rogers Communications in the 2nd quarter valued at $239,000. Schroder Investment Management Group acquired a new stake in Rogers Communications in the 2nd quarter valued at $337,000. Cozad Asset Management Inc. acquired a new stake in Rogers Communications in the 2nd quarter valued at $267,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Rogers Communications in the 2nd quarter valued at $287,000. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Rogers Communications in the 2nd quarter valued at $403,000. Institutional investors own 46.12% of the company’s stock.

NYSE RCI opened at $51.13 on Friday. Rogers Communications Inc. has a 12-month low of $43.11 and a 12-month high of $54.95. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.72 and a quick ratio of 0.65. The firm has a market capitalization of $26.30 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 3.15 and a beta of 0.72.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Friday, October 19th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.05. Rogers Communications had a net margin of 13.34% and a return on equity of 29.37%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.91 billion. On average, sell-side analysts expect that Rogers Communications Inc. will post 3.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 11th will be issued a dividend of $0.3695 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.89%. This is an increase from Rogers Communications’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, December 10th. Rogers Communications’s payout ratio is currently 54.24%.

Several analysts recently issued reports on RCI shares. Zacks Investment Research raised shares of Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Wednesday, September 19th. Barclays reduced their price target on shares of Rogers Communications from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, July 20th. Desjardins downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, ValuEngine raised shares of Rogers Communications from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Rogers Communications presently has a consensus rating of “Hold” and a consensus price target of $61.00.

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About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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

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