Lindbrook Capital LLC Purchases 744 Shares of Rogers Communications Inc. (NYSE:RCI)

Lindbrook Capital LLC boosted its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 95.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,526 shares of the Wireless communications provider’s stock after purchasing an additional 744 shares during the period. Lindbrook Capital LLC’s holdings in Rogers Communications were worth $47,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RCI. Tacita Capital Inc raised its holdings in Rogers Communications by 102.0% during the third quarter. Tacita Capital Inc now owns 7,412 shares of the Wireless communications provider’s stock worth $298,000 after acquiring an additional 3,742 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Rogers Communications during the 3rd quarter worth approximately $314,000. Aigen Investment Management LP raised its stake in shares of Rogers Communications by 29.7% during the 3rd quarter. Aigen Investment Management LP now owns 29,915 shares of the Wireless communications provider’s stock worth $1,203,000 after purchasing an additional 6,851 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Rogers Communications in the 3rd quarter valued at approximately $726,000. Finally, CIBC Asset Management Inc boosted its holdings in shares of Rogers Communications by 10.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,673,110 shares of the Wireless communications provider’s stock valued at $67,301,000 after buying an additional 159,295 shares during the last quarter. Institutional investors own 45.49% of the company’s stock.

Rogers Communications Stock Up 0.1 %

RCI stock opened at $28.38 on Friday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.43 and a beta of 0.67. The business’s fifty day moving average price is $28.57 and its two-hundred day moving average price is $34.23. Rogers Communications Inc. has a fifty-two week low of $26.57 and a fifty-two week high of $44.38.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. On average, equities analysts anticipate that Rogers Communications Inc. will post 3.57 earnings per share for the current year.

Rogers Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th will be given a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a yield of 4.89%. The ex-dividend date is Monday, March 10th. Rogers Communications’s payout ratio is 59.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Bank of America downgraded Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Morgan Stanley assumed coverage on Rogers Communications in a report on Monday, December 16th. They issued an “underweight” rating for the company. Finally, Barclays reissued an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.75.

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.