Rogers Communication, Inc. (NYSE:RCI) Holdings Lowered by CenterBook Partners LP

CenterBook Partners LP cut its position in shares of Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 80.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RCI. SBI Securities Co. Ltd. raised its stake in Rogers Communication by 885.4% during the first quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 850 shares during the period. Versant Capital Management Inc acquired a new position in shares of Rogers Communication in the first quarter worth $79,000. CWM LLC lifted its stake in Rogers Communication by 57.4% in the first quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock worth $100,000 after acquiring an additional 1,363 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Rogers Communication by 263.1% in the first quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider's stock worth $137,000 after acquiring an additional 3,718 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in Rogers Communication by 274.2% in the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock valued at $163,000 after acquiring an additional 3,888 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on RCI. BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a research report on Wednesday, July 2nd. Scotiabank reiterated a "sector perform" rating on shares of Rogers Communication in a report on Tuesday, July 15th. 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 issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $67.00.

Rogers Communication Trading Up 1.4%

RCI stock traded up $0.45 during midday trading on Monday, reaching $33.38. 339,054 shares of the company's stock traded hands, compared to its average volume of 1,109,656. The company has a market capitalization of $17.96 billion, a P/E ratio of 14.30, a PEG ratio of 1.78 and a beta of 0.76. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.00 and a quick ratio of 0.94. Rogers Communication, Inc. has a fifty-two week low of $23.18 and a fifty-two week high of $41.84. The business has a 50-day moving average price of $28.54 and a two-hundred day moving average price of $27.68.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $4.96 billion. During the same period last year, the firm earned $0.99 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts forecast that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th were paid a dividend of $0.3611 per share. This is a positive change from Rogers Communication's previous quarterly dividend of $0.35. The ex-dividend date was Monday, June 9th. This represents a $1.44 annualized dividend and a yield of 4.33%. Rogers Communication's payout ratio is presently 62.23%.

Rogers Communication 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.