2 weeks Ago By ABMN Staff
Maplelane Capital LLC raised its position in Rogers Communications Inc. ( NYSE:RCI – Free Report ) (TSE:RCI.B) by 27.
4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of the Wireless communications provider’s stock after purchasing an additional 86,000 shares during the quarter. Maplelane Capital LLC owned 0.
08% of Rogers Communications worth $14,792,000 as of its most recent SEC filing. A number of other hedge funds have also recently made changes to their positions in RCI. APG Asset Management N.
V. raised its holdings in Rogers Communications by 148.7% in the 2nd quarter.
APG Asset Management N.V. now owns 36,793 shares of the Wireless communications provider’s stock valued at $1,269,000 after buying an additional 22,000 shares during the last quarter.
AXA S.A. grew its position in shares of Rogers Communications by 14.
5% during the 2nd quarter. AXA S.A.
now owns 152,568 shares of the Wireless communications provider’s stock worth $5,642,000 after buying an additional 19,324 shares during the period. Toronto Dominion Bank grew its holdings in Rogers Communications by 53.9% in the second quarter.
Toronto Dominion Bank now owns 6,303,371 shares of the Wireless communications provider’s stock worth $233,099,000 after purchasing an additional 2,206,690 shares during the period. Gabelli Funds LLC grew its stake in shares of Rogers Communications by 1.5% in the 2nd quarter.
Gabelli Funds LLC now owns 1,224,000 shares of the Wireless communications provider’s stock valued at $45,264,000 after buying an additional 17,500 shares during the period. Finally, 1832 Asset Management L.P.
increased its position in Rogers Communications by 2.6% in the 2nd quarter. 1832 Asset Management L.
P. now owns 11,501,927 shares of the Wireless communications provider’s stock valued at $425,341,000 after buying an additional 288,614 shares in the last quarter. 45.
49% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In RCI has been the subject of several recent research reports. StockNews.
com upgraded Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Canaccord Genuity Group restated a “hold” rating and set a $57.00 price target (down previously from $59.
00) on shares of Rogers Communications in a research note on Thursday, July 25th. Canaccord Genuity Group lowered shares of Rogers Communications from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. TD Securities lifted their price objective on shares of Rogers Communications from $73.
00 to $74.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, BMO Capital Markets upped their target price on shares of Rogers Communications from $67.
00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock.
According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.
Rogers Communications Price Performance Shares of NYSE:RCI opened at $40.08 on Friday. The company has a current ratio of 0.
65, a quick ratio of 0.60 and a debt-to-equity ratio of 3.58.
The stock has a market cap of $21.24 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 1.
06 and a beta of 0.67. The stock’s fifty day simple moving average is $39.
63 and its two-hundred day simple moving average is $39.27. Rogers Communications Inc.
has a 1-year low of $35.55 and a 1-year high of $48.19.
Rogers Communications ( NYSE:RCI – Get Free Report ) (TSE:RCI.B) last announced its earnings results on Wednesday, July 24th. The Wireless communications provider reported $1.
16 EPS for the quarter, beating the consensus estimate of $0.83 by $0.33.
Rogers Communications had a net margin of 4.28% and a return on equity of 23.15%.
The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.14 billion.
During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up .
9% on a year-over-year basis. As a group, analysts forecast that Rogers Communications Inc. will post 3.
57 EPS for the current fiscal year. Rogers Communications Cuts Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 9th will be given a $0.
365 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $1.
46 annualized dividend and a yield of 3.64%. Rogers Communications’s dividend payout ratio is currently 185.
00%. About Rogers Communications ( Free Report ) Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media.
The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. Further Reading Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter .
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