Signaturefd LLC increased its stake in Rogers Communications Inc. (NYSE:RCI – Get Rating) (TSE:RCI.B) by 30.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,648 shares of the Wireless communications provider’s stock after buying an additional 1,090 during the quarter. Signaturefd LLC’s holdings in Rogers Communications were worth $264,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in RCI. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in Rogers Communications by 53.7% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 764 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 267 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Rogers Communications during the 4th quarter worth about $49,000. Advisor Group Holdings Inc. Its stake grew in Rogers Communications by 25.3% in the 4th quarter. Advisor Group Holdings Inc. Now owns 2,544 shares of the Wireless communications provider’s shares valued at $121,000 after buying an additional 514 during the last quarter. Sigma Planning Corp acquired a new position in Rogers Communications in the 1st quarter valued at about $208,000. Finally, Avantax Advisory Services Inc. acquired a new position in Rogers Communications in the 1st quarter valued at about $237,000. Institutional investors and hedge funds own 41.73% of the company’s stock.
Rogers Communications Stock Performance
Shares of Rogers Communications stock opened at $46.78 on Friday. The company has a 50 day moving average of $48.42 and a 200-day moving average of $51.51. Rogers Communications Inc. has a 1-year low of $44.19 and a 1-year high of $64.55. The company has a current ratio of 2.39, a quick ratio of 2.32 and a debt-to-equity ratio of 2.72. The company has a market cap of $23.62 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 2.69 and a beta of 0.49.
Rogers Communications (NYSE:RCI – Get Rating) (TSE:RCI.B) last issued its quarterly earnings results on Wednesday, April 20th. The Wireless communications provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. Rogers Communications had a net margin of 10.73% and a return on equity of 17.67%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Rogers Communications Inc. will post 2.94 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on RCI. TheStreet lowered shares of Rogers Communications from a “b-” rating to a “c+” rating in a research note on Monday, May 2nd. Scotiabank upped their price target on shares of Rogers Communications from C$87.00 to C$89.00 in a research note on Thursday, April 21st. Royal Bank of Canada upped their price target on shares of Rogers Communications from C$75.00 to C$77.00 in a research note on Thursday, April 21st. Canaccord Genuity Group upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Finally, Canaccord Genuity Group decreased their target price on shares of Rogers Communications from C$69.00 to C$68.00 and set a “buy” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Rogers Communications has an average rating of “Moderate Buy” and a consensus price target of $78.44.
About Rogers Communications
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 and accessory financing, wireless home phone, device protection, e-mail, global voice and data roaming, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands to approximately 11.3 million subscribers.
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