CenterBook Partners LP Grows Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

CenterBook Partners LP boosted its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,319 shares of the Wireless communications provider's stock after acquiring an additional 17,198 shares during the quarter. CenterBook Partners LP's holdings in Rogers Communications were worth $3,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of RCI. Lindbrook Capital LLC increased its holdings in Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after purchasing an additional 744 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after buying an additional 1,052 shares during the period. Headlands Technologies LLC raised its holdings in shares of Rogers Communications by 274.2% during the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock valued at $163,000 after acquiring an additional 3,888 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Rogers Communications by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock valued at $178,000 after acquiring an additional 930 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Rogers Communications in the third quarter worth $206,000. 45.49% of the stock is currently owned by institutional investors.

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Rogers Communications Stock Up 3.1 %

Shares of Rogers Communications stock traded up $0.76 during midday trading on Monday, hitting $25.25. The company had a trading volume of 1,021,325 shares, compared to its average volume of 1,013,246. Rogers Communications Inc. has a 52-week low of $23.18 and a 52-week high of $41.84. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a market capitalization of $13.54 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a 50 day moving average of $27.15 and a 200 day moving average of $31.58.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. On average, equities analysts predict that Rogers Communications Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were issued a $0.347 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.39 annualized dividend and a yield of 5.50%. Rogers Communications's dividend payout ratio (DPR) is presently 59.48%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Rogers Communications in a report on Monday, December 16th. They issued an "underweight" rating for the company. Barclays reaffirmed 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. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Finally, Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $67.00.

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.