Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock Position Increased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC grew its holdings in Shenandoah Telecommunications Co (NASDAQ:SHEN - Free Report) by 100.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the utilities provider's stock after acquiring an additional 20,000 shares during the period. Capital Investment Advisory Services LLC owned about 0.07% of Shenandoah Telecommunications worth $503,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings 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 valued at $53,000 after purchasing an additional 3,531 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Shenandoah Telecommunications during the 4th quarter valued at $101,000. Two Sigma Investments LP acquired a new stake in Shenandoah Telecommunications during the 4th quarter valued at $126,000. Tower Research Capital LLC TRC grew its holdings 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 valued at $173,000 after purchasing an additional 1,380 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Shenandoah Telecommunications during the 4th quarter valued at $175,000. Hedge funds and other institutional investors own 61.96% of the company's stock.

Insider Buying and Selling at Shenandoah Telecommunications

In other Shenandoah Telecommunications news, major shareholder Ecp Controlco, Llc purchased 36,238 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was acquired at an average cost of $12.58 per share, with a total value of $455,874.04. Following the acquisition, the insider owned 2,599,274 shares of the company's stock, valued at approximately $32,698,866.92. This represents a 1.41% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Ecp Fiber Holdings Gp, Llc purchased 32,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was acquired at an average cost of $12.46 per share, with a total value of $398,720.00. Following the completion of the acquisition, the insider directly owned 2,532,697 shares in the company, valued at approximately $31,557,404.62. This trade represents a 1.28% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 244,137 shares of company stock valued at $3,104,959. 4.51% of the stock is owned by company insiders.

Shenandoah Telecommunications Stock Up 0.5%

SHEN stock traded up $0.08 during mid-day trading on Tuesday, hitting $14.49. 17,418 shares of the company were exchanged, compared to its average volume of 254,508. The company has a market capitalization of $794.77 million, a PE ratio of -23.76 and a beta of 0.89. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. Shenandoah Telecommunications Co has a twelve month low of $9.77 and a twelve month high of $21.89. The firm has a fifty day simple moving average of $12.84 and a 200 day simple moving average of $12.34.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $89.31 million. Shenandoah Telecommunications had a negative return on equity of 3.18% and a negative net margin of 10.07%. During the same period in the prior year, the business earned ($0.07) earnings per share. On average, research analysts forecast that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on SHEN. Wall Street Zen raised shares of Shenandoah Telecommunications to a "sell" rating in a report on Thursday, May 8th. BWS Financial reissued a "buy" rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, May 1st.

Shenandoah Telecommunications Company 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.