Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 115,900 shares of the company’s stock, valued at approximately $3,104,000.

Other large investors have also made changes to their positions in the company. State of Wisconsin Investment Board boosted its position in shares of Shaw Communications Inc Class B by 4.2% during the 1st quarter. State of Wisconsin Investment Board now owns 381,551 shares of the company’s stock worth $7,345,000 after acquiring an additional 15,514 shares in the last quarter. Stevens Capital Management LP boosted its position in shares of Shaw Communications Inc Class B by 9.1% during the 1st quarter. Stevens Capital Management LP now owns 63,890 shares of the company’s stock worth $1,231,000 after acquiring an additional 5,343 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Shaw Communications Inc Class B by 3.4% during the 1st quarter. Neuberger Berman Group LLC now owns 531,121 shares of the company’s stock worth $10,231,000 after acquiring an additional 17,618 shares in the last quarter. USS Investment Management Ltd boosted its position in shares of Shaw Communications Inc Class B by 70.7% during the 1st quarter. USS Investment Management Ltd now owns 518,209 shares of the company’s stock worth $10,654,000 after acquiring an additional 214,700 shares in the last quarter. Finally, AMF Pensionsforsakring AB lifted its stake in Shaw Communications Inc Class B by 0.8% in the 1st quarter. AMF Pensionsforsakring AB now owns 468,814 shares of the company’s stock valued at $9,025,000 after purchasing an additional 3,644 shares during the last quarter. Hedge funds and other institutional investors own 54.05% of the company’s stock.

Several equities analysts recently commented on SJR shares. CIBC raised shares of Shaw Communications Inc Class B from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 6th. ValuEngine downgraded shares of Shaw Communications Inc Class B from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Zacks Investment Research downgraded shares of Shaw Communications Inc Class B from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th. Finally, BMO Capital Markets set a $28.00 price objective on shares of Shaw Communications Inc Class B and gave the company a “hold” rating in a research note on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Shaw Communications Inc Class B has an average rating of “Hold” and an average target price of $27.20.

SJR stock opened at $19.62 on Tuesday. The firm has a market cap of $9.40 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 3.76 and a beta of 0.98. Shaw Communications Inc Class B has a 52-week low of $18.50 and a 52-week high of $23.44. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 0.74.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings results on Thursday, June 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Shaw Communications Inc Class B had a net margin of 6.71% and a return on equity of 12.18%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. research analysts predict that Shaw Communications Inc Class B will post 0.86 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Monday, October 15th will be paid a dividend of $0.0743 per share. This represents a $0.89 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, October 12th. Shaw Communications Inc Class B’s payout ratio is currently 108.33%.

Shaw Communications Inc Class B Profile

Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.

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

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