Boothbay Fund Management LLC Has $10.31 Million Holdings in Rogers Communications Inc. (NYSE:RCI)

Boothbay Fund Management LLC lifted its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 22.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 335,653 shares of the Wireless communications provider’s stock after acquiring an additional 61,394 shares during the period. Boothbay Fund Management LLC owned approximately 0.06% of Rogers Communications worth $10,312,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC increased its holdings in Rogers Communications by 95.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider’s stock valued at $47,000 after buying an additional 744 shares during the period. Jones Financial Companies Lllp increased its stake in Rogers Communications by 141.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 1,052 shares during the last quarter. Headlands Technologies LLC lifted its stake in Rogers Communications by 274.2% during the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider’s stock worth $163,000 after purchasing an additional 3,888 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Rogers Communications by 19.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock valued at $178,000 after purchasing an additional 930 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Rogers Communications in the 3rd quarter valued at $248,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America lowered Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Canaccord Genuity Group raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Friday, April 4th. Scotiabank downgraded shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, April 1st. Finally, Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Rogers Communications presently has an average rating of “Hold” and an average target price of $67.00.

Rogers Communications Stock Performance

NYSE RCI opened at $25.15 on Friday. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.43 and a beta of 0.67. Rogers Communications Inc. has a twelve month low of $23.18 and a twelve month high of $41.84. The stock has a fifty day simple moving average of $26.68 and a 200 day simple moving average of $30.73. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.02). The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. Sell-side analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be issued a dividend of $0.3611 per share. This is an increase from Rogers Communications’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Monday, June 9th. Rogers Communications’s dividend payout ratio (DPR) is presently 59.48%.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.