Lincluden Management LTD Has Cut By $2.81 Million Its Rogers Communications (RCI) Position; Martin Marietta Materials (MLM)’s Sentiment Is 0.98

December 7, 2017 - By Darrin Black

Martin Marietta Materials, Inc., together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. The company has market cap of $12.67 billion. The firm mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, and nonresidential and residential construction industries, as well as in the agriculture, railroad ballast, chemical, and other applications. It has a 29 P/E ratio. It also offers asphalt products, ready mixed concrete, and road paving construction services; and produces Portland and specialty cements for use in infrastructure projects, and nonresidential and residential construction, as well as in the railroad, agricultural, utility, and environmental industries.

Lincluden Management Ltd decreased Rogers Communications Inc (RCI) stake by 5.37% reported in 2017Q2 SEC filing. Lincluden Management Ltd sold 58,627 shares as Rogers Communications Inc (RCI)’s stock rose 4.21%. The Lincluden Management Ltd holds 1.03 million shares with $50.29 million value, down from 1.09 million last quarter. Rogers Communications Inc now has $26.76 billion valuation. The stock increased 0.08% or $0.04 during the last trading session, reaching $51.57. About 442,967 shares traded or 41.30% up from the average. Rogers Communications Inc. (NYSE:RCI) has risen 20.75% since December 7, 2016 and is uptrending. It has outperformed by 4.05% the S&P500.

Among 8 analysts covering Rogers Comms (NYSE:RCI), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Rogers Comms had 13 analyst reports since October 9, 2015 according to SRatingsIntel. The company was downgraded on Monday, January 9 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, December 4 by Goldman Sachs. As per Friday, December 11, the company rating was upgraded by TD Securities. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, December 17 report. The firm has “Outperform” rating given on Tuesday, October 20 by Macquarie Research. The stock has “Equal-Weight” rating by Barclays Capital on Friday, October 14. On Friday, October 9 the stock rating was upgraded by IBC to “Sector Outperform”. The rating was downgraded by IBC on Wednesday, April 5 to “Sector Perform”.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.16, from 0.96 in 2017Q1. It is positive, as 17 investors sold RCI shares while 75 reduced holdings. 26 funds opened positions while 77 raised stakes. 239.92 million shares or 2.74% less from 246.68 million shares in 2017Q1 were reported. Beutel Goodman & Company stated it has 16.54 million shares. Arrowstreet Cap Partnership reported 0.09% stake. Barclays Public Limited Company has 284,097 shares. 15,137 were accumulated by Highstreet Asset Management Incorporated. Invesco Limited has 1.08 million shares for 0.02% of their portfolio. The Georgia-based Advisory Svcs Ltd Llc has invested 0.08% in Rogers Communications Inc. (NYSE:RCI). Tobam invested 0.2% in Rogers Communications Inc. (NYSE:RCI). Bollard Limited Liability invested in 44,642 shares. Voya Invest Ltd Llc holds 0% or 13,174 shares in its portfolio. 1.84 million were reported by Bank Of America Corp De. Creative Planning reported 2,391 shares. Td Asset Mgmt invested in 14.48M shares or 1.08% of the stock. 440,590 are held by State Of Tennessee Treasury Department. Marathon Asset Management Llp, a United Kingdom-based fund reported 2.05M shares. Fmr Ltd Llc reported 33.39M shares stake.

Analysts await Rogers Communications Inc. (NYSE:RCI) to report earnings on January, 25. They expect $0.70 earnings per share, up 34.62% or $0.18 from last year’s $0.52 per share. RCI’s profit will be $363.21M for 18.42 P/E if the $0.70 EPS becomes a reality. After $0.81 actual earnings per share reported by Rogers Communications Inc. for the previous quarter, Wall Street now forecasts -13.58% negative EPS growth.

Lincluden Management Ltd increased Crescent Point Energy Corp. (NYSE:CPG) stake by 1.02M shares to 4.15M valued at $32.67 million in 2017Q2. It also upped Cenovus Energy Inc. (NYSE:CVE) stake by 5.12 million shares and now owns 5.12 million shares. Toronto Dominion Bk Ont (NYSE:TD) was raised too.

Analysts await Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings on February, 13. They expect $1.58 earnings per share, up 1.94% or $0.03 from last year’s $1.55 per share. MLM’s profit will be $99.32M for 31.88 P/E if the $1.58 EPS becomes a reality. After $2.39 actual earnings per share reported by Martin Marietta Materials, Inc. for the previous quarter, Wall Street now forecasts -33.89% negative EPS growth.

Ratings analysis reveals 33% of Martin Marietta’s analysts are positive. Out of 3 Wall Street analysts rating Martin Marietta, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. MLM was included in 3 notes of analysts from October 11, 2016. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, October 11. Bank of America downgraded the shares of MLM in report on Wednesday, November 16 to “Neutral” rating. SunTrust upgraded the shares of MLM in report on Wednesday, October 26 to “Buy” rating.

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By1 Darrin Black




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