Quantbot Technologies LP Buys 9,099 Shares of Rogers Communications Inc. (NYSE:RCI)

Quantbot Technologies LP boosted its holdings in shares of Rogers Communications Inc. (NYSE:RCIFree Report) (TSE:RCI.B) by 326.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,886 shares of the Wireless communications provider’s stock after buying an additional 9,099 shares during the period. Quantbot Technologies LP’s holdings in Rogers Communications were worth $456,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RCI. Trexquant Investment LP bought a new position in shares of Rogers Communications in the second quarter worth about $1,413,000. Orion Portfolio Solutions LLC lifted its holdings in shares of Rogers Communications by 317.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 33,877 shares of the Wireless communications provider’s stock valued at $1,301,000 after acquiring an additional 25,766 shares during the last quarter. Monarch Capital Management Inc. lifted its stake in shares of Rogers Communications by 12.6% in the 2nd quarter. Monarch Capital Management Inc. now owns 31,923 shares of the Wireless communications provider’s stock valued at $1,463,000 after purchasing an additional 3,580 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Rogers Communications during the 3rd quarter valued at approximately $2,572,000. Finally, Mackenzie Financial Corp lifted its position in Rogers Communications by 5.8% in the third quarter. Mackenzie Financial Corp now owns 9,148,044 shares of the Wireless communications provider’s stock worth $339,007,000 after buying an additional 505,427 shares during the last quarter. 44.25% of the stock is currently owned by institutional investors.

Rogers Communications Stock Down 0.4 %

Rogers Communications stock opened at $46.42 on Thursday. The business has a fifty day moving average price of $46.47 and a 200-day moving average price of $42.58. The stock has a market capitalization of $24.54 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 1.71 and a beta of 0.62. Rogers Communications Inc. has a 1-year low of $36.55 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.89 and a quick ratio of 0.84.

Rogers Communications (NYSE:RCIGet Free Report) (TSE:RCI.B) last announced its quarterly earnings results on Thursday, November 9th. The Wireless communications provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.16. The business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Rogers Communications had a net margin of 4.38% and a return on equity of 22.17%. Equities research analysts forecast that Rogers Communications Inc. will post 3.58 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Monday, March 11th will be paid a dividend of $0.3742 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.22%. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, March 8th. Rogers Communications’s payout ratio is 122.50%.

Analyst Ratings Changes

A number of analysts recently weighed in on RCI shares. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. StockNews.com upgraded shares of Rogers Communications from a “sell” rating to a “hold” rating in a report on Monday, November 13th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Rogers Communications presently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on RCI

About Rogers Communications

(Free Report)

Rogers Communications Inc operates as a communications and media company in North America. 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 services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.

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Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

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