GAMMA Investing LLC Acquires 1,182 Shares of Shenandoah Telecommunications (NASDAQ:SHEN)

GAMMA Investing LLC grew its holdings in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 90.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,484 shares of the utilities provider’s stock after buying an additional 1,182 shares during the period. GAMMA Investing LLC’s holdings in Shenandoah Telecommunications were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHEN. Campbell & CO Investment Adviser LLC lifted its position in shares of Shenandoah Telecommunications by 119.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 35,357 shares of the utilities provider’s stock worth $764,000 after purchasing an additional 19,211 shares during the period. Quest Partners LLC purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at about $41,000. Norges Bank purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at about $6,797,000. Dimensional Fund Advisors LP increased its position in shares of Shenandoah Telecommunications by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,420,378 shares of the utilities provider’s stock valued at $52,328,000 after buying an additional 46,227 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Shenandoah Telecommunications by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,915 shares of the utilities provider’s stock valued at $16,256,000 after buying an additional 42,747 shares during the period. Hedge funds and other institutional investors own 61.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SHEN. StockNews.com upgraded shares of Shenandoah Telecommunications to a “sell” rating in a research report on Monday. BWS Financial reiterated a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Monday, May 6th.

Insider Buying and Selling

In other Shenandoah Telecommunications news, CEO Christopher E. French acquired 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $14.69 per share, with a total value of $161,590.00. Following the completion of the purchase, the chief executive officer now directly owns 319,750 shares of the company’s stock, valued at approximately $4,697,127.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Christopher E. French bought 11,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $14.69 per share, for a total transaction of $161,590.00. Following the completion of the purchase, the chief executive officer now owns 319,750 shares in the company, valued at approximately $4,697,127.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Richard W. Mason, Jr. bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average price of $14.73 per share, for a total transaction of $29,460.00. Following the purchase, the senior vice president now owns 14,501 shares of the company’s stock, valued at approximately $213,599.73. The disclosure for this purchase can be found here. Insiders have acquired 37,650 shares of company stock valued at $577,135 over the last quarter. Corporate insiders own 4.37% of the company’s stock.

Shenandoah Telecommunications Trading Down 1.6 %

NASDAQ:SHEN opened at $15.85 on Wednesday. Shenandoah Telecommunications has a one year low of $11.87 and a one year high of $25.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.68 and a quick ratio of 4.68. The company’s 50-day simple moving average is $16.25 and its 200 day simple moving average is $18.15. The firm has a market capitalization of $864.62 million, a P/E ratio of 3.66 and a beta of 0.71.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Friday, May 3rd. The utilities provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Shenandoah Telecommunications had a return on equity of 0.27% and a net margin of 77.44%. The business had revenue of $69.25 million for the quarter, compared to the consensus estimate of $71.52 million. As a group, analysts forecast that Shenandoah Telecommunications will post -0.13 EPS for the current fiscal year.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.