1,375K shares changed hands by the end of trading on Tuesday. Volume was up 122.61% over the stocks average daily volume.
Traders are more bullish on Shaw Communications Inc. of late if you watch the change in short interest. The firm had a fall in short interest of -4.59% as of the latest report on October 13, 2017. Short shares decreased from 3,866,266 to 3,688,950 over that timeframe. With short interest at 3,688,950 and short average daily volume at 374,127, the short-interest ratio is 10.0 and the short interest percentage is 0.01% as of October 13.
A few notable investment firms have updated their holdings. Arrowstreet Capital, Limited Partnership grew its stake by buying 2,157,463 shares an increase of 93.4% from 03/31/2017 to 06/30/2017. Arrowstreet Capital, Limited Partnership controls 4,467,795 shares with a value of $97,336,000. The total value of its holdings increased 103.7%. As of the end of the quarter Advisory Services Network, LLC had disposed of 146 shares trimming its position 0.7%. The value of the investment in (SJR) went from $464,000 to $485,000 a change of $21,000 quarter over quarter.
Toronto Dominion Bank cut its position by selling 12,974 shares a decrease of 3.4% as of 06/30/2017. Toronto Dominion Bank owns 367,570 shares valued at $8,019,000. The value of the position overall is up by 1.6%. Vanguard Group Inc divested its investment by selling 17,898 shares a decrease of 13.8% in the quarter. Vanguard Group Inc currently owns 112,061 shares worth $2,442,000. The total value of its holdings decreased 9.3%.
On October 27 Barclays made no change to the stock rating of “Equal-Weight” but raised the price target to $22.00 from $20.00.
The company is now up from yesterday’s close of $22.84. Shaw Communications Inc. also recently declared a dividend for shareholders that will be paid on Wed Nov 29, 2017. The dividend payment will be $0.233 per share for the quarter or $0.93 on an annualized basis. This dividend amount will represent a yield of $4.20. The ex-dividend date is set for Thursday the 12th of October 2017.
Company shares are trading at $22.84 a bit higher than $22.52, the stock’s 50 day moving average and which is just over the 200 day moving average of $21.99. The 50 day moving average moved up $0.32 and the 200 day average went up by +3.87%.
The most current P/E ratio is 26.50 and market capitalization is 11.27B. In the last earnings report the EPS was $0.86 and is projected to be $1.01 for the current year with 493,370,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.23 with next year’s EPS anticipated to be $1.08.
Shaw Communications Inc. (Shaw), launched on December 9, 1966, is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers. Its Business Network Services division offers data networking, Cable telecommunications, Satellite video and fleet tracking services to businesses and public sector entities. Its Business Infrastructure Services division offers data center colocation, cloud technology and managed information technology (IT) solutions to businesses. The Company offers wireless services for voice and data communications through its Wireless division..