Gamco Investors INC. ET AL Increases Holdings in Rogers Communication, Inc. $RCI

Gamco Investors INC. ET AL lifted its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 558,611 shares of the Wireless communications provider’s stock after acquiring an additional 74,975 shares during the period. Gamco Investors INC. ET AL’s holdings in Rogers Communication were worth $21,479,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC purchased a new stake in Rogers Communication during the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its holdings in shares of Rogers Communication by 107.4% in the 4th quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 407 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Rogers Communication by 143.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 978 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Rogers Communication by 52.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 683 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Rogers Communication during the 3rd quarter valued at approximately $63,000. 45.49% of the stock is owned by institutional investors.

Rogers Communication Trading Up 0.3%

Shares of NYSE RCI opened at $32.76 on Friday. The business’s 50 day moving average price is $35.59 and its 200-day moving average price is $36.57. Rogers Communication, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $41.14. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.53 and a current ratio of 0.55. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 3.96, a PEG ratio of 4.08 and a beta of 0.64.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Wednesday, July 22nd. The Wireless communications provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.91 billion. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%.Rogers Communication’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. On average, sell-side analysts expect that Rogers Communication, Inc. will post 3.27 earnings per share for the current year.

Rogers Communication Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 6.1%. Rogers Communication’s dividend payout ratio (DPR) is presently 16.91%.

Wall Street Analyst Weigh In

RCI has been the subject of a number of analyst reports. Wall Street Zen downgraded Rogers Communication from a “hold” rating to a “sell” rating in a research report on Saturday. Scotiabank reiterated an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, July 7th. Barclays reduced their target price on shares of Rogers Communication from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. TD Securities restated a “buy” rating on shares of Rogers Communication in a report on Thursday. Finally, Desjardins reaffirmed a “hold” rating on shares of Rogers Communication in a research note on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.