Dynamic Technology Lab Private Ltd Takes Position in Shaw Communications Inc (NYSE:SJR)

Dynamic Technology Lab Private Ltd bought a new stake in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) during the 1st quarter, Holdings Channel reports. The institutional investor bought 22,201 shares of the company’s stock, valued at approximately $463,000.

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in shares of Shaw Communications in the 1st quarter valued at $31,000. Lindbrook Capital LLC boosted its stake in shares of Shaw Communications by 1,138.2% in the 1st quarter. Lindbrook Capital LLC now owns 1,684 shares of the company’s stock valued at $35,000 after purchasing an additional 1,548 shares in the last quarter. Cutler Group LP acquired a new stake in shares of Shaw Communications in the 1st quarter valued at $35,000. Beutel Goodman & Co Ltd. acquired a new stake in shares of Shaw Communications in the 1st quarter valued at $60,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Shaw Communications in the 1st quarter valued at $90,000. Institutional investors own 52.68% of the company’s stock.

Shaw Communications stock opened at $20.84 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.71. Shaw Communications Inc has a 12-month low of $17.50 and a 12-month high of $21.50. The stock has a market capitalization of $10.25 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 4.27 and a beta of 0.78.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings results on Tuesday, April 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Shaw Communications had a return on equity of 12.42% and a net margin of 8.42%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the business posted ($0.33) earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Shaw Communications Inc will post 0.98 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 14th will be issued a $0.074 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.26%. Shaw Communications’s dividend payout ratio is 74.58%.

Several brokerages have recently commented on SJR. Royal Bank of Canada set a $30.00 target price on shares of Shaw Communications and gave the company a “buy” rating in a research note on Wednesday, April 10th. Echelon Wealth Partners restated a “buy” rating on shares of Shaw Communications in a research note on Wednesday, April 10th. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, March 20th. Finally, TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.00.

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Shaw Communications Company Profile

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

Further Reading: What is intrinsic value?

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

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