Shaw Communications Inc. (NYSE:SJR – Get Rating) (TSE:SJR.B) traded some unusual options on Thursday. Traders bought 2,500 put options on the stock. This represents an increase of approximately 137% over the typical daily volume of 1,055 put options.
Wall Street analyst ponders
A number of equities research analysts recently commented on the company. StockNews.com downgraded Shaw Communications from a “hold” rating to a “sell” rating in a report Wednesday. Scotiabank upgraded Shaw Communications from a “Sector Perform” rating to a “Sector Outperform” rating in a report Wednesday, October 26. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.25.
Shaw Communications is down 0.2%
NYSE:SJR fell $0.05 during trading hours on Thursday to hit $27.15. The company had a trading volume of 10,128 shares compared to its average volume of 740,739. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt to equity ratio of 0.72. The company has a 50-day moving average of $25.46 and a 200-day moving average of $26.77. The company has a market cap of $12.96 billion, a P/E of 20.30 and a beta of 0.54. Shaw Communications has a 1 year low of $23.64 and a 1 year high of $31.60.
Hedge funds weigh on Shaw Communications
Several hedge funds have recently bought and sold shares in SJR. Quadrant Capital Group LLC increased its stake in Shaw Communications by 7.3% in the second quarter. Quadrant Capital Group LLC now owns 6,315 shares of the company’s shares valued at $186,000 after purchasing an additional 431 shares during the period. Gulf International Bank UK Ltd increased its stake in Shaw Communications by 13.0% in the second quarter. Gulf International Bank UK Ltd now owns 3,924 shares in the company, valued at $101,000, having bought a further 450 shares last quarter. Allianz Asset Management GmbH increased its holdings of Shaw Communications shares by 1.1% in the first quarter. Allianz Asset Management GmbH now owns 42,295 shares of the company’s stock valued at $1,314,000 after purchasing an additional 454 shares last quarter. Signaturefd LLC increased its stake in Shaw Communications by 4.5% in the third quarter. Signaturefd LLC now owns 10,859 shares of the company’s stock valued at $264,000 after purchasing an additional 465 shares last quarter. Finally, Advisor Group Holdings Inc. increased its position in Shaw Communications by 3.7% during the first quarter. Advisor Group Holdings Inc. now owns 15,193 shares of the company’s stock valued at $472,000, having purchased an additional 540 shares during the period. Institutional investors and hedge funds own 55.21% of the company’s shares.
Shaw Communications Corporate Profile
Shaw Communications Inc operates as a connectivity company in North America. The Company operates through the Wireline and Wireless segments. The Company’s Wireline segment provides cable telecommunications services, including video, Internet, WiFi, telephone, satellite video and data networking, over a national fiber optic backbone network to Canadian consumers, North American businesses and government entities.
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