XTX Topco Ltd Has $617,000 Stake in Rogers Communications Inc. (NYSE:RCI)

XTX Topco Ltd grew its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 12.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,694 shares of the Wireless communications provider’s stock after purchasing an additional 1,869 shares during the period. XTX Topco Ltd’s holdings in Rogers Communications were worth $617,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. FIL Ltd boosted its position in Rogers Communications by 13.7% during the fourth quarter. FIL Ltd now owns 36,514,749 shares of the Wireless communications provider’s stock worth $1,709,377,000 after purchasing an additional 4,405,888 shares during the period. TD Asset Management Inc boosted its position in Rogers Communications by 27.3% during the fourth quarter. TD Asset Management Inc now owns 11,074,702 shares of the Wireless communications provider’s stock worth $520,980,000 after purchasing an additional 2,372,306 shares during the period. National Bank of Canada FI boosted its position in Rogers Communications by 37.5% during the first quarter. National Bank of Canada FI now owns 5,570,690 shares of the Wireless communications provider’s stock worth $220,193,000 after purchasing an additional 1,519,894 shares during the period. 1832 Asset Management L.P. boosted its position in Rogers Communications by 10.2% during the fourth quarter. 1832 Asset Management L.P. now owns 12,707,709 shares of the Wireless communications provider’s stock worth $594,848,000 after purchasing an additional 1,177,264 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Rogers Communications by 22.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,544,016 shares of the Wireless communications provider’s stock worth $165,895,000 after purchasing an additional 660,486 shares during the period. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Stock Performance

Shares of NYSE RCI opened at $40.29 on Tuesday. The business has a fifty day simple moving average of $39.53 and a 200 day simple moving average of $39.29. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $21.35 billion, a price-to-earnings ratio of 50.36, a PEG ratio of 1.06 and a beta of 0.67. Rogers Communications Inc. has a one year low of $35.55 and a one year high of $48.19.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its earnings results on Wednesday, July 24th. The Wireless communications provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.33. Rogers Communications had a return on equity of 23.15% and a net margin of 4.28%. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the company posted $0.76 earnings per share. Rogers Communications’s revenue was up .9% on a year-over-year basis. Sell-side analysts expect that Rogers Communications Inc. will post 3.59 EPS for the current year.

Rogers Communications Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 9th will be paid a dividend of $0.365 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $1.46 annualized dividend and a yield of 3.62%. Rogers Communications’s dividend payout ratio is currently 185.00%.

Analyst Ratings Changes

RCI has been the subject of several research reports. Canaccord Genuity Group reissued a “hold” rating and issued a $57.00 price objective (down from $59.00) on shares of Rogers Communications in a research report on Thursday, July 25th. BMO Capital Markets increased their price objective on 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 increased their price objective on Rogers Communications from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. StockNews.com raised Rogers Communications from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Canaccord Genuity Group cut Rogers Communications from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.75.

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.