Arrowstreet Capital Limited Partnership Boosts Stake in Rogers Communications Inc. (NYSE:RCI)

Arrowstreet Capital Limited Partnership boosted its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 123.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,727,400 shares of the Wireless communications provider's stock after purchasing an additional 3,717,487 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.26% of Rogers Communications worth $206,565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RCI. Charles Schwab Investment Management Inc. boosted its position in shares of Rogers Communications by 106.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider's stock worth $5,383,000 after purchasing an additional 68,971 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Rogers Communications in the fourth quarter valued at $718,000. Northwest & Ethical Investments L.P. raised its stake in shares of Rogers Communications by 180.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider's stock worth $10,560,000 after buying an additional 221,628 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Rogers Communications by 1,046.8% during 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 during the last quarter. Finally, Louisbourg Investments Inc. grew its stake in Rogers Communications by 18.9% in the 4th quarter. Louisbourg Investments Inc. now owns 246,470 shares of the Wireless communications provider's stock valued at $7,573,000 after acquiring an additional 39,156 shares during the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

RCI has been the subject of a number of research reports. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Morgan Stanley assumed coverage on Rogers Communications in a research note on Monday, December 16th. They issued an "underweight" rating on the stock. Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday. Finally, Barclays restated an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.75.

Rogers Communications Trading Up 2.8 %

Shares of RCI stock traded up $0.70 during mid-day trading on Thursday, hitting $25.99. 928,679 shares of the company's stock were exchanged, compared to its average volume of 982,845. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.43 and a beta of 0.67. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. Rogers Communications Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $41.84. The stock has a 50-day simple moving average of $27.82 and a two-hundred day simple moving average of $32.58.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (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%. Equities analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were issued a $0.347 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a yield of 5.34%. Rogers Communications's payout ratio is 59.48%.

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.