20,975 Shares in Shaw Communications Inc. (SJR) Acquired by Eqis Capital Management Inc.

Eqis Capital Management Inc. bought a new stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,975 shares of the company’s stock, valued at approximately $457,000.

A number of other hedge funds also recently made changes to their positions in SJR. Greenleaf Trust boosted its stake in shares of Shaw Communications by 1.7% in the first quarter. Greenleaf Trust now owns 11,228 shares of the company’s stock valued at $233,000 after buying an additional 190 shares during the period. Comerica Bank boosted its stake in shares of Shaw Communications by 1.5% in the first quarter. Comerica Bank now owns 26,749 shares of the company’s stock valued at $570,000 after buying an additional 394 shares during the period. World Asset Management Inc boosted its stake in shares of Shaw Communications by 1.7% in the first quarter. World Asset Management Inc now owns 28,853 shares of the company’s stock valued at $598,000 after buying an additional 496 shares during the period. Todd Asset Management LLC boosted its stake in shares of Shaw Communications by 1.8% in the first quarter. Todd Asset Management LLC now owns 52,870 shares of the company’s stock valued at $1,096,000 after buying an additional 958 shares during the period. Finally, Stevens Capital Management LP boosted its stake in shares of Shaw Communications by 2.1% in the first quarter. Stevens Capital Management LP now owns 46,310 shares of the company’s stock valued at $960,000 after buying an additional 961 shares during the period. 53.35% of the stock is currently owned by institutional investors and hedge funds.

Shaw Communications Inc. (NYSE:SJR) traded down 0.63% during mid-day trading on Thursday, hitting $21.92. The stock had a trading volume of 321,716 shares. The stock has a market cap of $10.81 billion, a P/E ratio of 26.25 and a beta of 0.91. Shaw Communications Inc. has a 52-week low of $19.02 and a 52-week high of $23.31. The firm has a 50-day moving average of $21.93 and a 200-day moving average of $21.43.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its earnings results on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.19. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. Shaw Communications had a net margin of 10.01% and a return on equity of 9.31%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, analysts forecast that Shaw Communications Inc. will post $1.04 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.0744 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.08%. Shaw Communications’s payout ratio is currently 118.75%.

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Several analysts have issued reports on the company. National Bank Financial cut Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, June 28th. Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the company a “hold” rating in a research report on Monday, May 1st. BidaskClub cut Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.00.

About Shaw Communications

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.