Shareholder Highstreet Asset Management INC Lifted Shaw Communications INC (SJR) Holding

September 30, 2018 - By William Brooks

Shaw Communications Inc. (NYSE:SJR) Logo

Highstreet Asset Management Inc increased its stake in Shaw Communications Inc. (SJR) by 11.4% based on its latest 2018Q2 regulatory filing with the SEC. Highstreet Asset Management Inc bought 175,843 shares as the company’s stock declined 8.71% while stock markets rallied. The institutional investor held 1.72M shares of the television services company at the end of 2018Q2, valued at $35.01 million, up from 1.54M at the end of the previous reported quarter. Highstreet Asset Management Inc who had been investing in Shaw Communications Inc. for a number of months, seems to be bullish on the $9.86 billion market cap company. The stock increased 0.05% or $0.01 during the last trading session, reaching $19.49. About 324,917 shares traded. Shaw Communications Inc. (NYSE:SJR) has declined 14.74% since September 30, 2017 and is downtrending. It has underperformed by 30.36% the S&P500.

Highstreet Asset Management Inc, which manages about $1.67 billion US Long portfolio, decreased its stake in Bce Inc. (NYSE:BCE) by 684,669 shares to 579,721 shares, valued at $23.48 million in 2018Q2, according to the filing. It also reduced its holding in Pembina Pipeline Corp. (NYSE:PBA) by 143,550 shares in the quarter, leaving it with 896,337 shares, and cut its stake in Canadian National Railway Co. (NYSE:CNI).

More notable recent Shaw Communications Inc. (NYSE:SJR) news were published by: Fool.ca which released: “Tired of Your Telecom Investment? Here’s a Different Option to Consider” on September 27, 2018, also Nasdaq.com with their article: “Report: Exploring Fundamental Drivers Behind Marvell Technology Group, Athene Holding, ABB, Shaw …” published on September 27, 2018, Globenewswire.com published: “Shaw Communications Inc. Fourth Quarter Fiscal 2018 Conference Call” on September 12, 2018. More interesting news about Shaw Communications Inc. (NYSE:SJR) were released by: Seekingalpha.com and their article: “What Sector Reclassifications Mean” published on September 30, 2018 as well as Fool.ca‘s news article titled: “These 8 Stocks Can Provide Steady Income Every Month of the Year” with publication date: September 30, 2018.

Shaw Communications Inc. (NYSE:SJR) Ratings Coverage

Among 4 analysts covering Shaw Communications Inc. Common Stock (NYSE:SJR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Shaw Communications Inc. Common Stock had 4 analyst reports since April 13, 2018 according to SRatingsIntel. The stock has “Buy” rating by Echelon Wealth Partners on Thursday, April 12. The firm earned “Buy” rating on Thursday, April 12 by Barclays Capital. Canaccord Genuity upgraded the stock to “Buy” rating in Friday, April 13 report. The firm has “Outperform” rating by Scotia Capital given on Friday, April 13.

Shaw Communications Inc. (NYSE:SJR) Ratings Chart

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