V Square Quantitative Management LLC Has $178,000 Stock Position in Rogers Communications Inc. (NYSE:RCI)

V Square Quantitative Management LLC increased its stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,795 shares of the Wireless communications provider’s stock after acquiring an additional 930 shares during the quarter. V Square Quantitative Management LLC’s holdings in Rogers Communications were worth $178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Bank of Canada FI lifted its stake in shares of Rogers Communications by 18.6% in the third quarter. National Bank of Canada FI now owns 6,239,553 shares of the Wireless communications provider’s stock worth $250,886,000 after acquiring an additional 977,924 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Rogers Communications by 371.0% in the third quarter. The Manufacturers Life Insurance Company now owns 5,053,559 shares of the Wireless communications provider’s stock worth $203,334,000 after acquiring an additional 3,980,525 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Rogers Communications by 90.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,896,489 shares of the Wireless communications provider’s stock valued at $115,775,000 after buying an additional 1,375,043 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Rogers Communications by 86.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,610,833 shares of the Wireless communications provider’s stock valued at $104,965,000 after buying an additional 1,211,482 shares during the period. Finally, FMR LLC lifted its stake in Rogers Communications by 2.8% in the third quarter. FMR LLC now owns 2,496,298 shares of the Wireless communications provider’s stock valued at $100,372,000 after buying an additional 68,759 shares during the period. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Trading Down 0.8 %

NYSE RCI opened at $28.04 on Tuesday. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.37 and a beta of 0.68. Rogers Communications Inc. has a 52 week low of $26.57 and a 52 week high of $45.93. The business has a 50 day moving average price of $29.73 and a 200-day moving average price of $35.38. 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 (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. As a group, equities analysts expect that Rogers Communications Inc. will post 3.58 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th will be given a $0.347 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.39 annualized dividend and a yield of 4.95%. Rogers Communications’s dividend payout ratio is currently 60.78%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RCI shares. Bank of America lowered Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Morgan Stanley started coverage on Rogers Communications in a research note on Monday, December 16th. They issued an “underweight” rating on the stock. Finally, Barclays reissued an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Rogers Communications presently has an average rating of “Hold” 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.