Short traders are more bearish on shares of the company lately if you consider the motion in short interest. The firm had a rise in short interest from July 31, 2017 to August 15, 2017 of 8.43%. Short interest grew from 2,342,165 to 2,539,499 over that timeframe. Days to cover increased from 0.0 to 6.0 and the short interest percentage is 0.01% as of August 15.
Additionally, here are a few investment firms who have increased or decreased their stake in (SJR). As of quarter end Vanguard Group Inc had disposed of 17,898 shares trimming its holdings by 13.8%. The value of the total investment in Shaw Communications Inc. decreased from $2,693,000 to $2,442,000 a change of $251,000 since the last quarter. As of the end of the quarter Toronto Dominion Bank had sold a total of 12,974 shares trimming its position 3.4%. The value of the investment in SJR went from $7,889,000 to $8,019,000 a change of 1.6% quarter over quarter.
Advisory Services Network, LLC downsized its position by shedding 146 shares a decrease of 0.7% as of 06/30/2017. Advisory Services Network, LLC now controls 22,247 shares with a value of $485,000. The total value of its holdings increased 4.5%. Arrowstreet Capital, Limited Partnership augmented its ownership 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 valued at $97,336,000. The value of the position overall is up by 103.7%.
In the market the company is trading up since yesterday’s close of 22.69. Shaw Communications Inc. recently announced a dividend for shareholders payable on Thursday the 28th of September 2017. The dividend will be $0.225 per share for the quarter or $0.90 on an annualized basis. The dividend yield will be $3.98. The ex-dividend date will be on Friday August 11th, 2017.
It is currently trading at $22.71 marginally over the 50 day moving average of $22.09 and barely above the 200 day moving average of $21.51. The 50 day moving average was up $0.62 whereas the 200 day average was up by +5.60%.
The P/E ratio is 27.49 and the market value is 11.20B. As of the latest earnings report the EPS was $0.83 and is estimated to be $1.09 for the current year with 493,370,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.27 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..