Twinbeech Capital LP Buys 20,246 Shares of Rogers Communications Inc. (NYSE:RCI)

Twinbeech Capital LP grew its stake in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 235.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,844 shares of the Wireless communications provider's stock after acquiring an additional 20,246 shares during the quarter. Twinbeech Capital LP's holdings in Rogers Communications were worth $886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock worth $47,000 after purchasing an additional 744 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Rogers Communications by 141.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock worth $55,000 after acquiring an additional 1,052 shares during the last quarter. Headlands Technologies LLC boosted its position in Rogers Communications by 274.2% during the 4th quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock worth $163,000 after acquiring an additional 3,888 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Rogers Communications by 19.1% during the 4th quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock worth $178,000 after acquiring an additional 930 shares during the last quarter. Finally, Prudential PLC boosted its position in Rogers Communications by 21.6% during the 4th quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider's stock worth $268,000 after acquiring an additional 1,552 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $67.00.

Rogers Communications Trading Up 0.0%

NYSE RCI opened at $25.90 on Thursday. The company has a market cap of $13.88 billion, a PE ratio of 11.16, a PEG ratio of 1.43 and a beta of 0.73. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The stock has a 50 day moving average of $25.79 and a 200-day moving average of $29.20.

Rogers Communications (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 the consensus estimate of $0.71 by ($0.02). The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $4.96 billion. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. On average, equities research analysts anticipate that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be issued a $0.3611 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Monday, June 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's dividend payout ratio is presently 59.66%.

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.

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