American Century Companies Inc. Has $5.46 Million Position in Shenandoah Telecommunications (NASDAQ:SHEN)

American Century Companies Inc. lifted its position in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 433,218 shares of the utilities provider’s stock after acquiring an additional 48,233 shares during the period. American Century Companies Inc. owned approximately 0.79% of Shenandoah Telecommunications worth $5,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Private Advisor Group LLC bought a new stake in Shenandoah Telecommunications during the fourth quarter worth $2,379,000. DAVENPORT & Co LLC boosted its position in Shenandoah Telecommunications by 16.1% in the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock valued at $12,770,000 after buying an additional 140,314 shares in the last quarter. FMR LLC boosted its position in Shenandoah Telecommunications by 211.9% in the third quarter. FMR LLC now owns 105,789 shares of the utilities provider’s stock valued at $1,493,000 after buying an additional 71,868 shares in the last quarter. Natural Investments LLC bought a new stake in shares of Shenandoah Telecommunications during the fourth quarter worth $854,000. Finally, Barclays PLC increased its holdings in shares of Shenandoah Telecommunications by 339.4% during the third quarter. Barclays PLC now owns 80,151 shares of the utilities provider’s stock worth $1,131,000 after buying an additional 61,910 shares in the last quarter. Institutional investors and hedge funds own 61.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SHEN. StockNews.com raised Shenandoah Telecommunications to a “sell” rating in a report on Wednesday, March 19th. BWS Financial reissued a “buy” rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a report on Tuesday, February 25th.

Shenandoah Telecommunications Stock Down 3.2 %

Shares of NASDAQ:SHEN opened at $12.35 on Friday. The firm has a market cap of $677.47 million, a P/E ratio of 3.26 and a beta of 0.71. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $21.89. The business has a fifty day simple moving average of $11.79 and a 200 day simple moving average of $12.80. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $85.41 million for the quarter, compared to the consensus estimate of $89.65 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. Analysts predict 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.