Arrowstreet Capital Limited Partnership Has $97.34 Million Position in Shaw Communications Inc. (SJR)

Arrowstreet Capital Limited Partnership lifted its position in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 93.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,467,795 shares of the company’s stock after buying an additional 2,157,463 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.91% of Shaw Communications worth $97,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Todd Asset Management LLC lifted its stake in shares of Shaw Communications by 0.6% during the 2nd quarter. Todd Asset Management LLC now owns 53,165 shares of the company’s stock valued at $1,159,000 after buying an additional 295 shares in the last quarter. Comerica Bank lifted its stake in shares of Shaw Communications by 1.5% during the 1st quarter. Comerica Bank now owns 26,749 shares of the company’s stock valued at $570,000 after buying an additional 394 shares in the last quarter. Stonebridge Capital Management Inc. lifted its stake in shares of Shaw Communications by 1.5% during the 2nd quarter. Stonebridge Capital Management Inc. now owns 28,525 shares of the company’s stock valued at $622,000 after buying an additional 425 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake in shares of Shaw Communications by 4.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock valued at $225,000 after buying an additional 439 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Shaw Communications by 4.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,888 shares of the company’s stock valued at $281,000 after buying an additional 516 shares in the last quarter. Institutional investors own 51.83% of the company’s stock.

Shares of Shaw Communications Inc. (NYSE:SJR) remained flat at $22.83 during mid-day trading on Friday. 345,941 shares of the company’s stock were exchanged. The stock has a market cap of $11.26 billion, a PE ratio of 26.48 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 company’s 50-day moving average price is $22.61 and its 200 day moving average price is $21.81.

A number of research analysts recently weighed in on SJR shares. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, September 19th. BidaskClub cut shares of Shaw Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, National Bank Financial cut shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.14.

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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.

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

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