I-G Investment Management LTD Holds Position in Shaw Communications INC (SJR)

February 15, 2018 - By Hazel Jackson

I-G Investment Management Ltd increased its stake in Shaw Communications Inc (SJR) by 6.99% based on its latest 2017Q3 regulatory filing with the SEC. I-G Investment Management Ltd bought 2.76 million shares as the company’s stock declined 0.94% while stock markets rallied. The institutional investor held 42.15 million shares of the television services company at the end of 2017Q3, valued at $969.97 million, up from 39.40 million at the end of the previous reported quarter. I-G Investment Management Ltd who had been investing in Shaw Communications Inc for a number of months, seems to be bullish on the $10.08 billion market cap company. The stock decreased 1.03% or $0.21 during the last trading session, reaching $20.22. About 237,141 shares traded. Shaw Communications Inc. (NYSE:SJR) has risen 13.56% since February 15, 2017 and is uptrending. It has underperformed by 3.14% the S&P500.

I-G Investment Management Ltd, which manages about $19.49B US Long portfolio, decreased its stake in Cvs Health Corp (NYSE:CVS) by 371,991 shares to 1.02M shares, valued at $82.91M in 2017Q3, according to the filing. It also reduced its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 51,095 shares in the quarter, leaving it with 378,337 shares, and cut its stake in Berkshire Hathaway Inc Del (BRKB).

More notable recent Shaw Communications Inc. (NYSE:SJR) news were published by: Cbc.ca which released: “Shaw offers buyout packages to 6500 employees as it looks to cut workforce” on January 30, 2018, also Fool.ca with their article: “3 Reasons I’m Considering Shaw Communications Inc.” published on January 18, 2018, Fool.ca published: “Why You Should Swap Your Big 3 Telecoms for Shaw Communications Inc.” on February 11, 2018. More interesting news about Shaw Communications Inc. (NYSE:SJR) were released by: Globenewswire.com and their article: “Shaw Communications Announces Total Business Transformation Initiative to …” published on January 30, 2018 as well as Globenewswire.com‘s news article titled: “5G Americas Announces Election of Shaw Communications to its Board of Governors” with publication date: January 25, 2018.

Shaw Communications Inc. (NYSE:SJR) Ratings Coverage

Among 6 analysts covering Shaw Comms (NYSE:SJR), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Shaw Comms had 11 analyst reports since October 20, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, December 17. The firm has “Sell” rating by Citigroup given on Thursday, April 6. The stock of Shaw Communications Inc. (NYSE:SJR) earned “Outperform” rating by RBC Capital Markets on Monday, January 9. On Tuesday, October 20 the stock rating was upgraded by Macquarie Research to “Outperform”. The firm has “Equal-Weight” rating given on Tuesday, April 5 by Barclays Capital. Barclays Capital maintained Shaw Communications Inc. (NYSE:SJR) on Friday, October 27 with “Equal-Weight” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, October 23 report. Barclays Capital maintained Shaw Communications Inc. (NYSE:SJR) rating on Friday, October 23. Barclays Capital has “Equal Weight” rating and $22 target.

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