Rogers Communications Inc. (NYSE:RCI) Shares Sold by Anson Funds Management LP

Anson Funds Management LP decreased its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 19.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,899 shares of the Wireless communications provider's stock after selling 19,235 shares during the period. Anson Funds Management LP's holdings in Rogers Communications were worth $3,253,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cromwell Holdings LLC purchased a new position in shares of Rogers Communications during the third quarter valued at about $31,000. Ridgewood Investments LLC bought a new stake in Rogers Communications in the 2nd quarter worth approximately $37,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rogers Communications by 110.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 522 shares in the last quarter. Grove Bank & Trust boosted its position in shares of Rogers Communications by 41.0% during the 3rd quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider's stock valued at $42,000 after acquiring an additional 302 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Rogers Communications in the second quarter valued at $55,000. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communications Trading Down 2.7 %

NYSE:RCI traded down $0.96 during mid-day trading on Friday, hitting $35.15. 790,961 shares of the stock traded hands, compared to its average volume of 1,174,080. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $18.79 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.11 and a beta of 0.67. Rogers Communications Inc. has a 52 week low of $34.83 and a 52 week high of $48.19. The firm's 50 day moving average is $37.07 and its two-hundred day moving average is $38.28.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.35. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $3.79 billion. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. Rogers Communications's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. On average, equities research analysts predict that Rogers Communications Inc. will post 3.56 earnings per share for the current year.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be paid a $0.3611 dividend. This represents a $1.44 annualized dividend and a yield of 4.11%. The ex-dividend date is Monday, December 9th. Rogers Communications's dividend payout ratio is presently 71.71%.

Analyst Ratings Changes

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

About Rogers Communications

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.