Public Sector Pension Investment Board Decreased Shaw Communications Inc (Call) (NYSE:SJR) Stake By $30.59 Million

February 14, 2018 - By Hazel Jackson

Public Sector Pension Investment Board decreased its stake in Shaw Communications Inc (Call) (NYSE:SJR) by 90.26% based on its latest 2017Q4 regulatory filing with the SEC. Public Sector Pension Investment Board sold 1.39M shares as the company’s stock declined 0.94% while stock markets rallied. The institutional investor held 150,000 shares of the television services company at the end of 2017Q4, valued at $3.44 million, down from 1.54M at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Shaw Communications Inc (Call) for a number of months, seems to be less bullish one the $10.14B market cap company. The stock decreased 1.02% or $0.21 during the last trading session, reaching $20.33. About 536,032 shares traded. Shaw Communications Inc. (NYSE:SJR) has risen 13.56% since February 14, 2017 and is uptrending. It has underperformed by 3.14% the S&P500.

Public Sector Pension Investment Board, which manages about $15.38B US Long portfolio, upped its stake in Cboe Global Markets Inc (Put) (NASDAQ:CBOE) by 293,957 shares to 300,000 shares, valued at $37.38M in 2017Q4, according to the filing. It also increased its holding in Suntrust Bks Inc (NYSE:STI) by 887,756 shares in the quarter, for a total of 941,717 shares, and has risen its stake in Tyson Foods Inc (NYSE:TSN).

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 has $29 highest and $20 lowest target. $26.25’s average target is 29.12% above currents $20.33 stock price. Shaw Comms had 11 analyst reports since October 20, 2015 according to SRatingsIntel. Barclays Capital initiated Shaw Communications Inc. (NYSE:SJR) rating on Tuesday, April 5. Barclays Capital has “Equal-Weight” rating and $20 target. On Friday, October 23 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was upgraded by Macquarie Research on Tuesday, October 20 to “Outperform”. The rating was maintained by Barclays Capital on Friday, October 27 with “Equal-Weight”. The stock of Shaw Communications Inc. (NYSE:SJR) has “Equal Weight” rating given on Friday, October 23 by Barclays Capital. The firm has “Sell” rating given on Thursday, April 6 by Citigroup. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, December 17. RBC Capital Markets upgraded Shaw Communications Inc. (NYSE:SJR) on Monday, January 9 to “Outperform” rating.

Shaw Communications Inc. operates as a diversified communications firm in Canada and the United States. The company has market cap of $10.14 billion. The firm operates through Consumer, Business Network Services, Business Infrastructure Services, and Wireless divisions. It has a 14.53 P/E ratio. The Consumer segment provides cable telecommunications services, including video, Internet, WiFi and phone, and satellite video services.

More notable recent Shaw Communications Inc. (NYSE:SJR) news were published by: which released: “Shaw Communications Inc. (SJR) Ex-Dividend Date Scheduled for February 14, 2018” on February 13, 2018, also with their article: “Which Is the Better Buy: Shaw Communications Inc. or Rogers Communications Inc.?” published on January 31, 2018, published: “Shaw Communications: Significant Wireless Growth Expected In 2018 And Beyond” on January 18, 2018. More interesting news about Shaw Communications Inc. (NYSE:SJR) were released by: and their article: “3 Reasons I’m Considering Shaw Communications Inc.” published on January 18, 2018 as well as‘s news article titled: “Shaw Communications Announces Total Business Transformation Initiative to …” with publication date: January 30, 2018.

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