Rogers Communications Inc. (NYSE:RCI) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,666 shares of the Wireless communications provider’s stock after purchasing an additional 1,023 shares during the quarter. Quantinno Capital Management LP’s holdings in Rogers Communications were worth $1,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RCI. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Rogers Communications by 1,046.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 599,476 shares of the Wireless communications provider’s stock worth $24,101,000 after buying an additional 547,201 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Rogers Communications by 20.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,524,893 shares of the Wireless communications provider’s stock valued at $61,382,000 after acquiring an additional 258,153 shares during the last quarter. PDT Partners LLC boosted its stake in Rogers Communications by 15.2% during the 3rd quarter. PDT Partners LLC now owns 96,490 shares of the Wireless communications provider’s stock valued at $3,880,000 after purchasing an additional 12,758 shares during the period. Verition Fund Management LLC boosted its stake in Rogers Communications by 7.9% during the 3rd quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider’s stock valued at $301,000 after purchasing an additional 551 shares during the period. Finally, PEAK6 Investments LLC bought a new stake in Rogers Communications during the 3rd quarter valued at approximately $305,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Wall Street Analyst Weigh In

RCI has been the subject of a number of recent research reports. TD Securities increased their target price on Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. BMO Capital Markets boosted their price target on Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Rogers Communications has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Rogers Communications Stock Performance

Shares of RCI opened at $33.71 on Friday. The stock has a market capitalization of $18.01 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.09 and a beta of 0.67. The firm’s fifty day simple moving average is $36.76 and its two-hundred day simple moving average is $38.19. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35. Rogers Communications Inc. has a 12 month low of $33.51 and a 12 month high of $48.19.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.35. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, analysts predict that Rogers Communications Inc. will post 3.56 EPS for the current year.

Rogers Communications Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a $0.3611 dividend. This represents a $1.44 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Monday, December 9th. Rogers Communications’s payout ratio is 71.71%.

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.