Value Partners Investments Inc. Boosts Stock Holdings in Rogers Communication, Inc. (NYSE:RCI)

Value Partners Investments Inc. increased its holdings in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 1,252.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,312,136 shares of the Wireless communications provider's stock after purchasing an additional 2,141,227 shares during the quarter. Rogers Communication accounts for 5.3% of Value Partners Investments Inc.'s investment portfolio, making the stock its 5th biggest position. Value Partners Investments Inc. owned 0.43% of Rogers Communication worth $61,808,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in shares of Rogers Communication by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after acquiring an additional 744 shares during the period. Jones Financial Companies Lllp increased its position in shares of Rogers Communication by 141.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after acquiring an additional 1,052 shares during the period. Versant Capital Management Inc purchased a new position in shares of Rogers Communication in the first quarter valued at about $79,000. Headlands Technologies LLC increased its position in shares of 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 during the period. Finally, Prudential PLC increased its position in shares of Rogers Communication by 21.6% in the fourth quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider's stock valued at $268,000 after acquiring an additional 1,552 shares during the period. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communication Trading Down 0.7%

Shares of RCI traded down $0.21 during trading hours on Friday, reaching $29.13. 1,528,457 shares of the company traded hands, compared to its average volume of 1,042,488. The company's fifty day moving average price is $26.48 and its two-hundred day moving average price is $27.53. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 3.97. Rogers Communication, Inc. has a 12 month low of $23.18 and a 12 month high of $41.84.

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

Rogers Communication Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be paid a dividend of $0.3611 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $1.44 annualized dividend and a yield of 4.96%. This is a positive change from Rogers Communication's previous quarterly dividend of $0.35. Rogers Communication's payout ratio is presently 62.66%.

Analyst Ratings Changes

A number of equities analysts have issued reports on RCI shares. Scotiabank cut shares of Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a research report 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 issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.