Shaw Communications Inc (NYSE:SJR) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lessened its position in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 495,009 shares of the company’s stock after selling 75,600 shares during the period. USS Investment Management Ltd owned about 0.10% of Shaw Communications worth $10,070,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TD Asset Management Inc. grew its holdings in Shaw Communications by 3.4% in the first quarter. TD Asset Management Inc. now owns 13,837,892 shares of the company’s stock valued at $288,059,000 after purchasing an additional 453,652 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Shaw Communications by 21.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,894,498 shares of the company’s stock valued at $247,604,000 after purchasing an additional 2,121,387 shares during the period. Bank of Montreal Can grew its holdings in Shaw Communications by 18.8% in the first quarter. Bank of Montreal Can now owns 8,911,677 shares of the company’s stock valued at $185,719,000 after purchasing an additional 1,410,315 shares during the period. CIBC Asset Management Inc grew its holdings in Shaw Communications by 53.3% in the first quarter. CIBC Asset Management Inc now owns 8,649,319 shares of the company’s stock valued at $179,994,000 after purchasing an additional 3,005,934 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in Shaw Communications by 8.6% in the first quarter. Great West Life Assurance Co. Can now owns 6,823,213 shares of the company’s stock valued at $141,506,000 after purchasing an additional 538,883 shares during the period. 54.53% of the stock is owned by institutional investors and hedge funds.

SJR traded down $0.11 during trading on Wednesday, hitting $19.56. 30,408 shares of the company’s stock were exchanged, compared to its average volume of 374,307. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.65. Shaw Communications Inc has a 1 year low of $17.50 and a 1 year high of $21.08. The stock’s 50 day moving average is $20.13. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 3.60 and a beta of 0.74.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings data on Thursday, June 27th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. Shaw Communications had a net margin of 14.42% and a return on equity of 12.54%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned ($0.18) earnings per share. Shaw Communications’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Shaw Communications Inc will post 1.1 earnings per share for the current year.

A number of equities research analysts recently issued reports on SJR shares. Royal Bank of Canada set a $30.00 target price on shares of Shaw Communications and gave the company a “buy” rating in a report on Wednesday, April 10th. Echelon Wealth Partners restated a “buy” rating on shares of Shaw Communications in a report on Wednesday, April 10th. Zacks Investment Research downgraded shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Friday, April 12th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a report on Friday, April 12th. Finally, Desjardins restated a “buy” rating on shares of Shaw Communications in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $26.50.

About Shaw Communications

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.

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

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