Is it a Good Decision to Buy Some Rogers Communications (RCI) Shares?

Diamond Hill Capital, an investment management firm, published its “Diamond Hill International Fund” first-quarter 2022 investor letter – a copy of which can be downloaded here. During a volatile quarter, the portfolio held up better than the Morningstar Global Markets ex-US Index by a decent margin. After a strong rebound in 2021, the fund expects the global GDP growth to moderate in 2022. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Diamond Hill International Fund mentioned Rogers Communications Inc. (NYSE:RCI) and explained its insights for the company. Founded in 1960, Rogers Communications Inc. (NYSE:RCI) is a Toronto, Canada-based telecommunications company with a $22.7 billion market capitalization. Rogers Communications Inc. (NYSE:RCI) delivered a -3.80% return since the beginning of the year, while its 12-month returns are down by -13.29%. The stock closed at $45.82 per share on July 14, 2022.

Here is what Diamond Hill International Fund Concentrated Fund has to say about Rogers Communications Inc. (NYSE:RCI) in its Q1 2022 investor letter:

Rogers Communications reported a solid Q4 as the firm continues to recover from prior COVID-related pressures on service revenue and customer acquisition. The resolution of recent board-level discord also may have contributed to the share price appreciation during the quarter.”

Our calculations show that Rogers Communications Inc. (NYSE:RCI) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Rogers Communications Inc. (NYSE:RCI) was in 14 hedge fund portfolios at the end of the first quarter of 2022, compared to 13 funds in the previous quarter. Rogers Communications Inc. (NYSE:RCI) delivered a -22.64% return in the past 3 months.

In July 2022, we published an article that includes Rogers Communications Inc. (NYSE:RCI) in Top 5 Stock Picks of Felix Wai’s Zeno Research. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.