Marshall Wace LLP Takes $1.05 Million Position in Shenandoah Telecommunications (NASDAQ:SHEN)

Marshall Wace LLP bought a new position in shares of Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 83,400 shares of the utilities provider's stock, valued at approximately $1,052,000. Marshall Wace LLP owned 0.15% of Shenandoah Telecommunications as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. PAX Financial Group LLC increased its position in shares of Shenandoah Telecommunications by 3.8% in the 4th quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,353 shares during the last quarter. LPL Financial LLC grew its stake in shares of Shenandoah Telecommunications by 5.9% during the fourth quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider's stock worth $485,000 after purchasing an additional 2,143 shares in the last quarter. Versant Capital Management Inc grew 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 purchasing an additional 2,396 shares in the last quarter. Inspire Investing LLC increased its holdings in 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 buying an additional 2,819 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Shenandoah Telecommunications by 456.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock valued at $53,000 after buying an additional 3,531 shares in the last quarter. Institutional investors and hedge funds own 61.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SHEN shares. BWS Financial reaffirmed a "buy" rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Thursday. StockNews.com raised Shenandoah Telecommunications to a "sell" rating in a report on Friday, April 11th.

Shenandoah Telecommunications Stock Down 5.5 %

NASDAQ:SHEN traded down $0.66 during midday trading on Monday, hitting $11.33. 30,591 shares of the company were exchanged, compared to its average volume of 242,302. Shenandoah Telecommunications has a fifty-two week low of $9.77 and a fifty-two week high of $21.89. The company has a market capitalization of $621.24 million, a PE ratio of 3.00 and a beta of 0.81. 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 company has a fifty day simple moving average of $12.35 and a 200 day simple moving average of $12.55.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The firm had revenue of $87.90 million during the quarter, compared to analysts' expectations of $89.31 million. Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. During the same period in the previous year, the firm posted ($0.07) earnings per share. As a group, equities analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

About Shenandoah Telecommunications

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.