Everett Harris & Co. CA Decreases Stake in Rogers Communication, Inc. $RCI

Everett Harris & Co. CA decreased its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 13.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 19,140 shares of the Wireless communications provider’s stock after selling 2,870 shares during the period. Everett Harris & Co. CA’s holdings in Rogers Communication were worth $568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RCI. SBI Securities Co. Ltd. increased its position in shares of Rogers Communication by 885.4% in the first quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 850 shares in the last quarter. Parallel Advisors LLC boosted its position in Rogers Communication by 176.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider’s stock worth $86,000 after purchasing an additional 1,847 shares during the period. CWM LLC increased its holdings in Rogers Communication by 57.4% in the 1st quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider’s stock valued at $100,000 after purchasing an additional 1,363 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Rogers Communication by 48.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,231 shares of the Wireless communications provider’s stock valued at $113,000 after purchasing an additional 1,389 shares during the period. Finally, Tobam lifted its stake in shares of Rogers Communication by 148.6% during the second quarter. Tobam now owns 4,005 shares of the Wireless communications provider’s stock worth $119,000 after purchasing an additional 2,394 shares in the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on RCI. Barclays boosted their target price on shares of Rogers Communication from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday. Cowen reissued a “buy” rating on shares of Rogers Communication in a research report on Friday, October 24th. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rogers Communication in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.00.

Rogers Communication Trading Up 0.6%

Rogers Communication stock opened at $38.39 on Thursday. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $40.26. The firm’s 50-day moving average is $36.64 and its 200-day moving average is $32.57. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.59 and a current ratio of 0.62. The company has a market cap of $20.74 billion, a P/E ratio of 4.27, a PEG ratio of 3.29 and a beta of 0.81.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.07. Rogers Communication had a net margin of 32.49% and a return on equity of 17.14%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. Rogers Communication’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that Rogers Communication, Inc. will post 3.57 earnings per share for the current year.

Rogers Communication Company 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.