UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.95 Million Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 3.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 138,304 shares of the utilities provider’s stock after selling 4,409 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Shenandoah Telecommunications worth $1,951,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SHEN. Quantbot Technologies LP boosted its position in Shenandoah Telecommunications by 570.2% during the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 6,244 shares during the period. FMR LLC boosted its holdings in shares of Shenandoah Telecommunications by 211.9% during the 3rd quarter. FMR LLC now owns 105,789 shares of the utilities provider’s stock worth $1,493,000 after buying an additional 71,868 shares during the period. Intech Investment Management LLC bought a new stake in shares of Shenandoah Telecommunications during the 3rd quarter worth $1,113,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Shenandoah Telecommunications in the 3rd quarter valued at $678,000. Finally, Quest Partners LLC raised its holdings in Shenandoah Telecommunications by 741.0% in the 3rd quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 6,728 shares during the period. 61.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a report on Wednesday, November 13th.

Shenandoah Telecommunications Trading Down 1.4 %

Shares of Shenandoah Telecommunications stock opened at $13.26 on Monday. Shenandoah Telecommunications has a 1 year low of $11.87 and a 1 year high of $22.27. The company’s fifty day simple moving average is $13.58 and its 200-day simple moving average is $15.46. The company has a market cap of $724.00 million, a price-to-earnings ratio of 3.41 and a beta of 0.63. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.36.

Shenandoah Telecommunications Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th were given a $0.10 dividend. This represents a yield of 0.66%. This is a positive change from Shenandoah Telecommunications’s previous annual dividend of $0.09. The ex-dividend date of this dividend was Tuesday, November 5th. Shenandoah Telecommunications’s dividend payout ratio (DPR) is currently 2.57%.

Shenandoah Telecommunications Company Profile

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.