Uss Investment Management LTD Decreased Its Shaw Communications (SJR) Stake; Intact Investment Management Has Raised Rogers Communications (RCI) Stake By $44.45 Million

July 6, 2017 - By Stephen Andrade

Uss Investment Management Ltd decreased Shaw Communications Inc (SJR) stake by 12.49% reported in 2016Q4 SEC filing. Uss Investment Management Ltd sold 37,900 shares as Shaw Communications Inc (SJR)’s stock declined 0.94%. The Uss Investment Management Ltd holds 265,609 shares with $5.31M value, down from 303,509 last quarter. Shaw Communications Inc now has $10.62 billion valuation. The stock declined 0.12% or $0.02 reaching $21.43 per share. About 137,211 shares traded. Shaw Communications Inc (USA) (NYSE:SJR) has risen 13.56% since July 6, 2016 and is uptrending. It has underperformed by 3.14% the S&P500.

Intact Investment Management Inc increased Rogers Communications Inc (RCI) stake by 84.03% reported in 2016Q4 SEC filing. Intact Investment Management Inc acquired 871,600 shares as Rogers Communications Inc (RCI)’s stock rose 4.21%. The Intact Investment Management Inc holds 1.91M shares with $98.84M value, up from 1.04 million last quarter. Rogers Communications Inc now has $24.17 billion valuation. The stock rose 0.51% or $0.24 reaching $47.22 per share. About 195,481 shares traded. Rogers Communications Inc. (USA) (NYSE:RCI) has risen 20.75% since July 6, 2016 and is uptrending. It has outperformed by 4.05% the S&P500.

Among 4 analysts covering Shaw Comms (NYSE:SJR), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Shaw Comms had 7 analyst reports since October 20, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, December 17. Citigroup initiated Shaw Communications Inc (USA) (NYSE:SJR) on Thursday, April 6 with “Sell” rating. As per Tuesday, October 20, the company rating was upgraded by Macquarie Research. The firm earned “Equal-Weight” rating on Tuesday, April 5 by Barclays Capital. The firm earned “Outperform” rating on Monday, January 9 by RBC Capital Markets. Barclays Capital maintained Shaw Communications Inc (USA) (NYSE:SJR) rating on Friday, October 23. Barclays Capital has “Equal Weight” rating and $22 target. The stock of Shaw Communications Inc (USA) (NYSE:SJR) has “Sector Perform” rating given on Friday, October 23 by RBC Capital Markets.

Uss Investment Management Ltd increased Itau Unibanco Hldg Sa (NYSE:ITUB) stake by 191,173 shares to 2.10M valued at $21.63 million in 2016Q4. It also upped Comcast Corp New (NASDAQ:CMCSA) stake by 82,100 shares and now owns 2.61 million shares. Cae Inc (NYSE:CAE) was raised too.

Analysts await Shaw Communications Inc (USA) (NYSE:SJR) to report earnings on July, 21. They expect $0.23 earnings per share, down 37.84% or $0.14 from last year’s $0.37 per share. SJR’s profit will be $113.98M for 23.29 P/E if the $0.23 EPS becomes a reality. After $0.23 actual earnings per share reported by Shaw Communications Inc (USA) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 7 analysts covering Rogers Comms (NYSE:RCI), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Rogers Comms had 9 analyst reports since October 9, 2015 according to SRatingsIntel. RBC Capital Markets downgraded the shares of RCI in report on Monday, January 9 to “Sector Perform” rating. On Tuesday, October 20 the stock rating was upgraded by Macquarie Research to “Outperform”. As per Friday, December 11, the company rating was upgraded by TD Securities. The rating was upgraded by IBC on Friday, October 9 to “Sector Outperform”. The firm earned “Equal-Weight” rating on Thursday, December 17 by Morgan Stanley. The firm earned “Neutral” rating on Friday, December 4 by Goldman Sachs. IBC downgraded the stock to “Sector Perform” rating in Wednesday, April 5 report. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, October 14.

Investors sentiment increased to 0.97 in Q4 2016. Its up 0.08, from 0.89 in 2016Q3. It improved, as 27 investors sold RCI shares while 75 reduced holdings. 22 funds opened positions while 77 raised stakes. 248.10 million shares or 2.87% less from 255.42 million shares in 2016Q3 were reported. Blackrock Inv Mgmt Ltd Com accumulated 1.32 million shares. National Bank & Trust Of Nova Scotia has 1.52% invested in Rogers Communications Inc. (USA) (NYSE:RCI). Northern Tru invested 0% of its portfolio in Rogers Communications Inc. (USA) (NYSE:RCI). Beutel Goodman And Limited owns 22.46 million shares. Moreover, Symons Capital Inc has 5.31% invested in Rogers Communications Inc. (USA) (NYSE:RCI) for 565,280 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 70,000 shares. Allianz Asset Management Ag invested in 0% or 21,192 shares. Morgan Stanley has 0.01% invested in Rogers Communications Inc. (USA) (NYSE:RCI). Willis Investment Counsel holds 0.46% or 158,130 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.06% of its portfolio in Rogers Communications Inc. (USA) (NYSE:RCI) for 144,046 shares. Addenda Capital reported 442,780 shares stake. Rothschild Asset reported 56,204 shares. Waldron Lp reported 0.36% in Rogers Communications Inc. (USA) (NYSE:RCI). Wells Fargo Mn has invested 0% in Rogers Communications Inc. (USA) (NYSE:RCI). Guardian Capital Advsr Lp reported 1.38% stake.

Intact Investment Management Inc decreased Goldcorp Inc New (NYSE:GG) stake by 481,800 shares to 1.12M valued at $20.47 million in 2016Q4. It also reduced Vermilion Energy Inc (NYSE:VET) stake by 105,600 shares and now owns 403,500 shares. General Electric Co (NYSE:GE) was reduced too.