Capital Investment Advisory Services LLC Has $503,000 Holdings in Shenandoah Telecommunications Co (NASDAQ:SHEN)

Capital Investment Advisory Services LLC boosted its holdings in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN - Free Report) by 100.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the utilities provider's stock after purchasing an additional 20,000 shares during the period. Capital Investment Advisory Services LLC owned approximately 0.07% of Shenandoah Telecommunications worth $503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Shenandoah Telecommunications by 456.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 3,531 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Shenandoah Telecommunications during the fourth quarter valued at approximately $101,000. Two Sigma Investments LP acquired a new stake in Shenandoah Telecommunications during the fourth quarter valued at approximately $126,000. Tower Research Capital LLC TRC lifted its stake in Shenandoah Telecommunications by 11.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider's stock valued at $173,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Shenandoah Telecommunications in the 4th quarter valued at approximately $175,000. 61.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Ecp Fiber Holdings Gp, Llc bought 28,700 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was bought at an average cost of $14.67 per share, with a total value of $421,029.00. Following the completion of the purchase, the insider owned 2,758,385 shares in the company, valued at approximately $40,465,507.95. The trade was a 1.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Ecp Controlco, Llc bought 13,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was bought at an average cost of $13.19 per share, with a total value of $171,470.00. Following the completion of the purchase, the insider owned 2,655,737 shares of the company's stock, valued at approximately $35,029,171.03. The trade was a 0.49% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 288,151 shares of company stock valued at $3,746,510. Insiders own 4.51% of the company's stock.

Shenandoah Telecommunications Stock Up 2.4%

Shares of SHEN traded up $0.35 during mid-day trading on Thursday, hitting $14.88. 254,031 shares of the company's stock were exchanged, compared to its average volume of 278,146. The firm has a fifty day moving average of $12.94 and a two-hundred day moving average of $12.37. Shenandoah Telecommunications Co has a twelve month low of $9.77 and a twelve month high of $21.89. The stock has a market cap of $816.32 million, a price-to-earnings ratio of -24.39 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.55.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). Shenandoah Telecommunications had a negative net margin of 10.07% and a negative return on equity of 3.18%. The firm had revenue of $87.90 million during the quarter, compared to analyst estimates of $89.31 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, sell-side analysts forecast that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SHEN shares. BWS Financial restated a "buy" rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Shenandoah Telecommunications to a "sell" rating in a research report on Thursday, May 8th.

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.