Shaw Communications INC (SJR) Shareholder Scotia Capital INC Decreased Its Stake

May 3, 2018 - By Matthew Medley

Shaw Communications Inc. (NYSE:SJR) Corporate Logo

Based on the latest 2017Q4 regulatory filing with the SEC, Scotia Capital Inc decreased its holdings in Shaw Communications Inc (SJR) by 10.7%. The company’s stock declined 17.06% with the market as Scotia Capital Inc sold 406,147 shares. The television services company announced $77.33 million value for the 2017Q4. Now the institutional investor is holding 3.39 million shares, compared to the 3.80M from the previous quarter. Shaw Communications Inc has $10.18B market cap. SJR touched $20.18 during the last trading session after $0.41 change.Currently Shaw Communications Inc. is downtrending after 8.07% change in last May 3, 2017. SJR has also 669,129 shares volume. SJR underperformed the S&P500 by 19.62%.

According to a filing Scotia Capital Inc increased its stake in Wells Fargo Co New (NYSE:WFC) by 454,202 shares to 544,202 shares, valued at $33.02M in 2017Q4. The fund manages about $7.50 billion US Long portfolio. For a total of 385,323 shares it increased its holding in Facebook Inc (NASDAQ:FB) by 323,123 shares in the quarter, and has risen its stake in Freeport (NYSE:FCX).

On June, 27 Shaw Communications Inc. (NYSE:SJR)’s earnings release is awaited by WallStreet, as reported by Faxor. Analysts predict 38.64 % diference or $0.27 from the $0.44 EPS from 2017. The profit will be $136.20M for SJR if $0.27 earnings per share becomes true. After $0.40 EPS report previous quarter, Wall Street now predicts -32.50 % negative EPS growth of Shaw Communications Inc..

Shaw Communications Inc. (NYSE:SJR) Ratings Coverage

A total of 5 analysts rate Shaw Communications Inc (NYSE:SJR) as follows: 4 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 80% are bullish. The firm has $3100 highest and $23.0 lowest target. The avg target $26.75 is 32.56% above the last ($20.18) price. (NYSE:SJR) has 7 ratings reports on May 3, 2018 according to StockzIntelligence. On Thursday, April 12 the rating was maintained by Echelon Wealth Partners with “Buy”. On Friday, April 13 the firm earned “Outperform” rating by Scotia Capital. On Friday, April 13 the firm earned “Buy” rating by Canaccord Genuity. On Thursday, April 12 the rating was upgraded by Barclays Capital to “Buy”.

Shaw Communications Inc. (NYSE:SJR) Analyst Ratings Chart

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