Shenandoah Telecommunications (NASDAQ:SHEN) Position Raised by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,079 shares of the utilities provider’s stock after purchasing an additional 5,862 shares during the period. Rhumbline Advisers owned approximately 0.27% of Shenandoah Telecommunications worth $1,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SHEN. DAVENPORT & Co LLC boosted its position in Shenandoah Telecommunications by 16.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock worth $12,770,000 after purchasing an additional 140,314 shares during the period. Capital Investment Advisory Services LLC bought a new stake in shares of Shenandoah Telecommunications in the 4th quarter worth about $252,000. Inspire Investing LLC raised its stake in shares of Shenandoah Telecommunications by 9.7% in the fourth quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider’s stock valued at $401,000 after acquiring an additional 2,819 shares during the last quarter. GAMMA Investing LLC grew its holdings in Shenandoah Telecommunications by 135.2% during the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 5,013 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Shenandoah Telecommunications by 10,890.9% in the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 2,396 shares during the last quarter. 61.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, 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 Stock Up 1.9 %

NASDAQ:SHEN opened at $11.01 on Tuesday. Shenandoah Telecommunications has a 1 year low of $9.77 and a 1 year high of $21.89. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44. The stock has a market cap of $601.95 million, a price-to-earnings ratio of 2.91 and a beta of 0.61. The stock has a 50-day moving average price of $11.68 and a two-hundred day moving average price of $13.19.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its 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 firm had revenue of $85.41 million during 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%. As a group, equities analysts expect that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Shenandoah Telecommunications 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.