Assenagon Asset Management S.A. Has $207,000 Stock Position in Rogers Communication, Inc. (NYSE:RCI)

Assenagon Asset Management S.A. reduced its holdings in shares of Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 98.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,754 shares of the Wireless communications provider's stock after selling 383,369 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Rogers Communication were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RCI. FIL Ltd grew its stake in shares of Rogers Communication by 7.2% in the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after buying an additional 2,244,240 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Rogers Communication by 20.6% in the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Rogers Communication by 123.5% in 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 buying an additional 3,717,487 shares in the last quarter. Letko Brosseau & Associates Inc. grew its stake in shares of Rogers Communication by 23.5% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 5,210,380 shares of the Wireless communications provider's stock valued at $160,094,000 after buying an additional 992,780 shares in the last quarter. Finally, Scotia Capital Inc. grew its stake in shares of Rogers Communication by 18.3% in the fourth quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider's stock valued at $113,217,000 after buying an additional 572,270 shares in the last quarter. 45.49% of the stock is owned by institutional investors.

Rogers Communication Stock Performance

RCI stock traded up $0.20 during midday trading on Friday, reaching $27.78. 1,680,728 shares of the company were exchanged, compared to its average volume of 1,022,448. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.00 and a quick ratio of 0.94. The business has a 50-day moving average price of $26.12 and a two-hundred day moving average price of $27.78. Rogers Communication, Inc. has a one year low of $23.18 and a one year high of $41.84. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the firm earned $0.99 earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts forecast that Rogers Communication, Inc. will post 3.57 EPS for the current year.

Rogers Communication Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be given a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.20%. This is a boost from Rogers Communication's previous quarterly dividend of $0.35. The ex-dividend date is Monday, June 9th. Rogers Communication's payout ratio is 62.66%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RCI. Scotiabank cut shares of Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Canaccord Genuity Group raised shares of Rogers Communication from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $67.00.

Rogers Communication 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.