5 Stock Picks of Nathaniel August’s Mangrove Partners

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In this article, we will discuss 5 stock picks of  Nathaniel August’s Mangrove Partners. If you want to read our detailed analysis of these stocks, you can go directly to 10 Stock Picks of Nathaniel August’s Mangrove Partners.

5. Shaw Communications Inc. (NYSE:SJR)

Mangrove Partners’ Stake Value: $18,471,000

Percentage of Mangrove Partners’ 13F Portfolio: 1.90%

Number of Hedge Fund Investors: 23

Shaw Communication Inc. (NYSE:SJR) is one of the biggest Canadian telecom companies with an emphasis on the western parts of the company and a strong presence in Alberta. The Edmonton-based company is in the middle of a takeover by Rogers Communications Inc for $16.16 billion. The price offered by Rogers Communication assumed a significant premium. The buyout has been approved by Shaw Communication Inc.’s (NYSE:SJR) shareholders but is pending the final go-ahead from the concerned regulatory authorities.

On November 8, RBC Capital upgraded Shaw Communication Inc. (NYSE:SJR) to Outperform from Sector Perform with a price target of C$40.50.

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