Blue Trust Inc. Cuts Position in Shenandoah Telecommunications (NASDAQ:SHEN)

Blue Trust Inc. trimmed its position in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 70.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,053 shares of the utilities provider’s stock after selling 16,536 shares during the period. Blue Trust Inc.’s holdings in Shenandoah Telecommunications were worth $89,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Shenandoah Telecommunications by 10,890.9% during the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock worth $30,000 after buying an additional 2,396 shares during the period. Inspire Investing LLC increased its stake in shares of Shenandoah Telecommunications by 9.7% during the fourth quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider’s stock worth $401,000 after buying an additional 2,819 shares during the period. GAMMA Investing LLC boosted its holdings in Shenandoah Telecommunications by 135.2% in the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 5,013 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Shenandoah Telecommunications by 570.2% in the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 6,244 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in Shenandoah Telecommunications by 741.0% in the third quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 6,728 shares in the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Shenandoah Telecommunications Price Performance

Shenandoah Telecommunications stock opened at $10.78 on Friday. Shenandoah Telecommunications has a 12 month low of $9.77 and a 12 month high of $21.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79. The business has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $13.37. The stock has a market capitalization of $588.61 million, a PE ratio of 2.84 and a beta of 0.61.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $85.41 million for the quarter, compared to analysts’ expectations of $89.65 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. Equities analysts predict that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

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.