Rogers Communication, Inc. (NYSE:RCI) Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its stake in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 80.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,301 shares of the Wireless communications provider's stock after selling 81,018 shares during the period. CenterBook Partners LP's holdings in Rogers Communication were worth $543,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. APG Asset Management N.V. bought a new position in shares of Rogers Communication during the fourth quarter valued at $3,303,000. FIL Ltd increased its position in Rogers Communication by 7.2% in the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock worth $1,028,336,000 after buying an additional 2,244,240 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in Rogers Communication by 180.9% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in Rogers Communication by 57.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock worth $6,457,000 after buying an additional 76,373 shares in the last quarter. Finally, Polar Asset Management Partners Inc. grew its position in shares of Rogers Communication by 239.5% during the fourth quarter. Polar Asset Management Partners Inc. now owns 42,500 shares of the Wireless communications provider's stock worth $1,306,000 after purchasing an additional 29,982 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communication Trading Down 0.5%

Shares of RCI stock traded down $0.18 on Friday, reaching $32.93. 1,562,001 shares of the company's stock were exchanged, compared to its average volume of 1,110,529. Rogers Communication, Inc. has a 52 week low of $23.18 and a 52 week high of $41.84. The stock has a market capitalization of $17.72 billion, a PE ratio of 14.13, a P/E/G ratio of 1.81 and a beta of 0.76. The company's fifty day simple moving average is $28.54 and its 200 day simple moving average is $27.72. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 3.97.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.02). Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $4.96 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. Rogers Communication's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, 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 was paid on Thursday, July 3rd. Investors of record on Monday, June 9th were paid a dividend of $0.3611 per share. This is a boost from Rogers Communication's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Monday, June 9th. Rogers Communication's dividend payout ratio is 62.66%.

Analyst Ratings Changes

Several analysts recently issued reports on RCI shares. Scotiabank reiterated a "sector perform" rating on shares of Rogers Communication in a research report on Tuesday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. Finally, Canaccord Genuity Group upgraded shares of Rogers Communication from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.00.

About Rogers Communication

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.