Shaw Communications Inc (NYSE:SJR) Shares Bought by Neuburgh Advisers LLC

Neuburgh Advisers LLC raised its position in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 15.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,296 shares of the company’s stock after acquiring an additional 704 shares during the quarter. Neuburgh Advisers LLC’s holdings in Shaw Communications were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of Shaw Communications in the first quarter valued at approximately $31,000. Pacer Advisors Inc. acquired a new stake in shares of Shaw Communications in the second quarter valued at approximately $32,000. Cutler Group LP acquired a new stake in shares of Shaw Communications in the first quarter valued at approximately $35,000. Signaturefd LLC increased its stake in shares of Shaw Communications by 53.2% in the second quarter. Signaturefd LLC now owns 3,707 shares of the company’s stock valued at $76,000 after purchasing an additional 1,288 shares during the period. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Shaw Communications in the first quarter valued at approximately $90,000. Institutional investors own 55.12% of the company’s stock.

SJR has been the topic of several analyst reports. Desjardins restated a “buy” rating on shares of Shaw Communications in a research note on Friday, June 28th. Canaccord Genuity upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. TheStreet cut shares of Shaw Communications from a “b-” rating to a “c+” rating in a report on Tuesday, August 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price objective on shares of Shaw Communications in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.00.

NYSE:SJR traded up $0.03 during trading hours on Friday, reaching $20.09. 20,075 shares of the company’s stock were exchanged, compared to its average volume of 323,863. The company has a market capitalization of $9.98 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 3.69 and a beta of 0.73. Shaw Communications Inc has a 12 month low of $17.50 and a 12 month high of $21.08. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The business’s 50-day simple moving average is $19.40 and its two-hundred day simple moving average is $20.13.

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

The business also recently announced a — dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a yield of 4.5%. Shaw Communications’s payout ratio is 76.27%.

Shaw Communications 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.

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

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