Lindbrook Capital LLC Boosts Holdings in Rogers Communications Inc. (NYSE:RCI)

Lindbrook Capital LLC grew its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 120.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 912 shares of the Wireless communications provider’s stock after buying an additional 499 shares during the period. Lindbrook Capital LLC’s holdings in Rogers Communications were worth $43,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RCI. Barclays PLC grew its stake in shares of Rogers Communications by 2,701.9% in the 3rd quarter. Barclays PLC now owns 3,292,839 shares of the Wireless communications provider’s stock valued at $126,411,000 after buying an additional 3,175,319 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Rogers Communications by 59.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,498,488 shares of the Wireless communications provider’s stock valued at $57,382,000 after buying an additional 559,395 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Rogers Communications by 32.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,101,225 shares of the Wireless communications provider’s stock valued at $81,049,000 after buying an additional 508,900 shares during the period. Mackenzie Financial Corp boosted its position in shares of Rogers Communications by 5.8% during the 3rd quarter. Mackenzie Financial Corp now owns 9,148,044 shares of the Wireless communications provider’s stock worth $339,007,000 after purchasing an additional 505,427 shares during the period. Finally, Intact Investment Management Inc. boosted its position in shares of Rogers Communications by 49.4% during the 3rd quarter. Intact Investment Management Inc. now owns 1,458,301 shares of the Wireless communications provider’s stock worth $55,989,000 after purchasing an additional 482,390 shares during the period. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Analyst Ratings Changes

RCI has been the subject of a number of research analyst reports. StockNews.com cut shares of Rogers Communications from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Barclays lowered their price objective on shares of Rogers Communications from $52.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Rogers Communications has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Rogers Communications Price Performance

Rogers Communications stock opened at $38.04 on Friday. The firm has a market cap of $20.11 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 1.71 and a beta of 0.59. Rogers Communications Inc. has a 52-week low of $36.55 and a 52-week high of $50.00. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 3.81. The company’s 50 day moving average is $41.83 and its two-hundred day moving average is $43.12.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Rogers Communications had a net margin of 4.38% and a return on equity of 22.17%. On average, research analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.3658 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.46 dividend on an annualized basis and a yield of 3.85%. Rogers Communications’s dividend payout ratio (DPR) is presently 122.50%.

Rogers Communications Profile

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.