Boothbay Fund Management LLC Boosts Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

Boothbay Fund Management LLC grew its holdings in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,653 shares of the Wireless communications provider's stock after buying an additional 61,394 shares during the quarter. Boothbay Fund Management LLC owned 0.06% of Rogers Communications worth $10,312,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its position in Rogers Communications by 123.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock valued at $206,565,000 after purchasing an additional 3,717,487 shares during the period. FIL Ltd increased its position in shares of Rogers Communications by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after purchasing an additional 2,244,240 shares during the last quarter. Bank of Nova Scotia raised its holdings in Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock valued at $237,784,000 after buying an additional 1,320,200 shares during the period. Hillsdale Investment Management Inc. lifted its position in Rogers Communications by 5,526.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 591,944 shares of the Wireless communications provider's stock worth $18,177,000 after buying an additional 581,424 shares during the last quarter. Finally, Scotia Capital Inc. boosted its stake in Rogers Communications by 18.3% during the fourth quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider's stock worth $113,217,000 after buying an additional 572,270 shares during the period. Institutional investors own 45.49% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on RCI. Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Bank of America lowered Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Finally, Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $67.00.

Rogers Communications Trading Up 0.7 %

RCI stock traded up $0.19 during mid-day trading on Tuesday, reaching $25.68. The company had a trading volume of 931,271 shares, compared to its average volume of 1,011,589. The company has a market capitalization of $13.77 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The firm has a 50 day moving average of $26.63 and a 200 day moving average of $30.54. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.02). The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. On average, equities analysts predict that Rogers Communications Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be paid a dividend of $0.3611 per share. The ex-dividend date is Monday, June 9th. This represents a $1.44 annualized dividend and a dividend yield of 5.62%. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's dividend payout ratio (DPR) is currently 59.66%.

Rogers Communications 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.