Graham Capital Management L.P. Boosts Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

Graham Capital Management L.P. grew its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 78.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 50,395 shares of the Wireless communications provider's stock after purchasing an additional 22,110 shares during the period. Graham Capital Management L.P.'s holdings in Rogers Communications were worth $1,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Rogers Communications by 123.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock valued at $206,565,000 after acquiring an additional 3,717,487 shares in the last quarter. FIL Ltd boosted its holdings in shares of Rogers Communications by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after acquiring an additional 2,244,240 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock valued at $237,784,000 after acquiring an additional 1,320,200 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Rogers Communications by 5,526.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 591,944 shares of the Wireless communications provider's stock valued at $18,177,000 after acquiring an additional 581,424 shares in the last quarter. Finally, Scotia Capital Inc. boosted its holdings in shares of Rogers Communications by 18.3% during the 4th quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider's stock valued at $113,217,000 after acquiring an additional 572,270 shares in the last quarter. Institutional investors own 45.49% of the company's stock.

Wall Street Analyst Weigh In

RCI has been the topic of several recent research reports. Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Finally, Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Rogers Communications currently has an average rating of "Hold" and a consensus price target of $67.00.

Rogers Communications Stock Up 1.2%

RCI traded up $0.30 during midday trading on Thursday, reaching $25.28. 638,870 shares of the company were exchanged, compared to its average volume of 1,016,982. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The company's fifty day moving average price is $26.02 and its 200 day moving average price is $29.58. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.43 and a beta of 0.73. Rogers Communications Inc. has a one year low of $23.18 and a one year high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued 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 Communications had a return on equity of 25.19% and a net margin of 8.40%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The business's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be paid a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's 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.