Numerai GP LLC Takes $518,000 Position in Shenandoah Telecommunications (NASDAQ:SHEN)

Numerai GP LLC acquired a new position in shares of Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,108 shares of the utilities provider's stock, valued at approximately $518,000. Numerai GP LLC owned approximately 0.08% of Shenandoah Telecommunications at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHEN. Smartleaf Asset Management LLC boosted its position in Shenandoah Telecommunications by 456.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock worth $53,000 after purchasing an additional 3,531 shares during the period. DAVENPORT & Co LLC lifted its holdings in Shenandoah Telecommunications by 16.1% during the 4th quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider's stock worth $12,770,000 after buying an additional 140,314 shares during the last quarter. Barclays PLC increased its stake in Shenandoah Telecommunications by 6.6% during the fourth quarter. Barclays PLC now owns 85,404 shares of the utilities provider's stock valued at $1,078,000 after purchasing an additional 5,253 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Shenandoah Telecommunications in the fourth quarter worth $260,000. Finally, Rhumbline Advisers lifted its position in Shenandoah Telecommunications by 4.1% in the 4th quarter. Rhumbline Advisers now owns 150,079 shares of the utilities provider's stock valued at $1,892,000 after purchasing an additional 5,862 shares during the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Price Performance

Shares of SHEN stock traded up $0.26 on Tuesday, reaching $11.30. The company had a trading volume of 74,019 shares, compared to its average volume of 242,764. The stock has a market capitalization of $620.10 million, a PE ratio of 2.98 and a beta of 0.82. The business's 50-day moving average is $12.42 and its 200 day moving average is $12.34. 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 has a one year low of $9.77 and a one year high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The firm had revenue of $87.90 million for the quarter, compared to analysts' expectations of $89.31 million. During the same period in the prior year, the company earned ($0.07) EPS. Equities research analysts forecast that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHEN. StockNews.com raised Shenandoah Telecommunications to a "sell" rating in a report on Thursday, May 8th. BWS Financial reissued a "buy" rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a report on Thursday, May 1st.

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.