Top 5 Stock Picks of NewGen Asset Management

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1. Shaw Communications Inc. (NYSE:SJR)

NewGen Asset Management’s Stake Value: $21.545 million

Percentage of NewGen Asset Management’s 13F Portfolio: 12.09%

Number of Hedge Fund Holders: 21

Shaw Communications Inc. (NYSE:SJR) is a Canada-based telecommunications company founded in 1966. The company provides internet, television, telephone, and mobile services in Canada. On March 15, 2021, Rogers Communications Inc. (NYSE:RCI) announced acquiring Shaw Communications Inc. (NYSE:SJR) for $26 billion.

On October 29, the board of directors of Shaw Communications Inc. (NYSE:SJR) declared monthly dividends of $0.098542 per Class A Participating Share and of $0.09875 per Class B Non-Voting Participating Share payable on December 30, 2021, January 18, and February 25, 2022, to registered owners of the security.

Shaw Communications Inc. (NYSE:SJR) is the most significant investment in NewGen Asset Management’s portfolio. The firm owns 741,900 shares of Shaw Communications Inc. (NYSE:SJR) worth $21.545 million, making up 12.09% of the fund’s portfolio. Compared to the previous quarter NewGen Asset Management has increased its activity by 18% in Shaw Communications Inc. (NYSE:SJR).

You can also take a peek at the Top 10 Stock Picks of Brad Farber’s Atika Capital and 10 Safest Stocks To Buy Now.

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