Amundi Has $298,000 Stock Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Amundi grew its position in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 186.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,706 shares of the utilities provider’s stock after purchasing an additional 15,423 shares during the quarter. Amundi’s holdings in Shenandoah Telecommunications were worth $298,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC acquired a new position in shares of Shenandoah Telecommunications in the fourth quarter worth approximately $2,379,000. DAVENPORT & Co LLC lifted its stake in shares of Shenandoah Telecommunications by 16.1% in the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock worth $12,770,000 after acquiring an additional 140,314 shares during the period. Intech Investment Management LLC acquired a new position in shares of Shenandoah Telecommunications in the third quarter worth approximately $1,113,000. FMR LLC lifted its stake in shares of Shenandoah Telecommunications by 211.9% in the third quarter. FMR LLC now owns 105,789 shares of the utilities provider’s stock worth $1,493,000 after acquiring an additional 71,868 shares during the period. Finally, Barclays PLC lifted its stake in shares of Shenandoah Telecommunications by 339.4% in the third quarter. Barclays PLC now owns 80,151 shares of the utilities provider’s stock worth $1,131,000 after acquiring an additional 61,910 shares during the period. 61.96% of the stock is owned by institutional investors and hedge funds.

Shenandoah Telecommunications Trading Up 2.7 %

Shares of SHEN stock opened at $12.78 on Friday. The company has a market cap of $701.06 million, a P/E ratio of 3.37 and a beta of 0.71. The stock has a 50 day simple moving average of $11.54 and a two-hundred day simple moving average of $12.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. Shenandoah Telecommunications has a fifty-two week low of $9.77 and a fifty-two week high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data 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 firm had revenue of $85.41 million for the quarter, compared to the consensus estimate of $89.65 million. Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. Research analysts forecast that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com raised Shenandoah Telecommunications to a “sell” rating in a research note on Wednesday. BWS Financial reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Tuesday, February 25th.

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.