Toronto Dominion Bank Boosts Stock Holdings in Shaw Communications Inc (NYSE:SJR)

Toronto Dominion Bank grew its position in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,152,500 shares of the company’s stock after acquiring an additional 137,801 shares during the quarter. Toronto Dominion Bank owned 0.84% of Shaw Communications worth $84,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in Shaw Communications during the 2nd quarter worth $32,000. Cutler Group LP bought a new stake in shares of Shaw Communications during the 1st quarter worth $35,000. Parallel Advisors LLC raised its stake in shares of Shaw Communications by 75.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,578 shares of the company’s stock worth $53,000 after purchasing an additional 1,112 shares during the period. Signaturefd LLC raised its stake in shares of Shaw Communications by 53.2% during the 2nd quarter. Signaturefd LLC now owns 3,707 shares of the company’s stock worth $76,000 after purchasing an additional 1,288 shares during the period. Finally, Neuburgh Advisers LLC raised its stake in shares of Shaw Communications by 15.3% during the 2nd quarter. Neuburgh Advisers LLC now owns 5,296 shares of the company’s stock worth $104,000 after purchasing an additional 704 shares during the period. 55.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the company. Canaccord Genuity upgraded Shaw Communications from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. BMO Capital Markets reiterated a “hold” rating and set a $28.00 target price on shares of Shaw Communications in a research note on Monday, September 9th. Desjardins reiterated a “buy” rating on shares of Shaw Communications in a research note on Friday, June 28th. Finally, TheStreet cut Shaw Communications from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Shares of NYSE SJR traded down $0.03 during mid-day trading on Tuesday, reaching $19.66. 29,616 shares of the company’s stock were exchanged, compared to its average volume of 343,469. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.73. Shaw Communications Inc has a 52 week low of $17.50 and a 52 week high of $21.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.74. The firm has a 50-day moving average price of $19.54 and a two-hundred day moving average price of $20.09.

Shaw Communications Company Profile

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

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

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