Capital Investment Advisory Services LLC Grows Position in Shenandoah Telecommunications Co (NASDAQ:SHEN)

Capital Investment Advisory Services LLC lifted its stake in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN - Free Report) by 100.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the utilities provider's stock after purchasing an additional 20,000 shares during the quarter. Capital Investment Advisory Services LLC owned 0.07% of Shenandoah Telecommunications worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions 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 buying an additional 3,531 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Shenandoah Telecommunications during the 4th quarter worth approximately $101,000. Two Sigma Investments LP acquired a new stake in Shenandoah Telecommunications during the 4th quarter worth approximately $126,000. Tower Research Capital LLC TRC boosted its position in Shenandoah Telecommunications by 11.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider's stock worth $173,000 after buying an additional 1,380 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of Shenandoah Telecommunications in the 4th quarter worth approximately $175,000. 61.96% of the stock is owned by institutional investors.

Shenandoah Telecommunications Trading Down 0.1%

Shares of NASDAQ:SHEN traded down $0.01 during mid-day trading on Monday, hitting $14.41. The company had a trading volume of 236,233 shares, compared to its average volume of 255,443. The firm has a fifty day moving average price of $12.80 and a 200 day moving average price of $12.33. The company has a market capitalization of $790.53 million, a PE ratio of -23.62 and a beta of 0.89. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.20 and a quick ratio of 1.20. Shenandoah Telecommunications Co has a one year low of $9.77 and a one year high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last released its quarterly earnings data 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 company had revenue of $87.90 million during the quarter, compared to the consensus estimate of $89.31 million. Shenandoah Telecommunications had a negative net margin of 10.07% and a negative return on equity of 3.18%. During the same quarter in the prior year, the firm earned ($0.07) EPS. As a group, research analysts forecast that Shenandoah Telecommunications Co will post -0.49 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SHEN shares. Wall Street Zen upgraded shares of Shenandoah Telecommunications to a "sell" rating in a research report on Thursday, May 8th. BWS Financial reiterated a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Thursday, May 1st.

Insiders Place Their Bets

In other news, major shareholder Ecp Controlco, Llc bought 13,000 shares of Shenandoah Telecommunications stock in a transaction dated Thursday, June 5th. The stock was purchased at an average price of $13.19 per share, for a total transaction of $171,470.00. Following the purchase, the insider directly owned 2,655,737 shares in the company, valued at $35,029,171.03. The trade was a 0.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ecp Fiber Holdings Gp, Llc bought 6,000 shares of Shenandoah Telecommunications stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of $13.73 per share, with a total value of $82,380.00. Following the purchase, the insider owned 2,714,371 shares in the company, valued at approximately $37,268,313.83. This represents a 0.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 244,137 shares of company stock valued at $3,104,959 in the last 90 days. 4.51% of the stock is currently owned by company insiders.

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.