Charles Schwab Investment Management Inc. Increases Position in Shenandoah Telecommunications Co $SHEN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Shenandoah Telecommunications Co by 3.6%, acquiring an additional 19,130 shares during the first quarter, bringing its total holdings to approximately 544,258 shares worth $6,841,000.
• Several hedge funds have also boosted their positions in Shenandoah, with GAMMA Investing LLC increasing its stake by 2,104.3% during the same period.
• Despite a beat on earnings per share estimates, the company reported a negative return on equity of 3.78% and a negative net margin of 8.90%, leading analysts to issue a mixed rating on the stock.

Charles Schwab Investment Management Inc. grew its position in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,258 shares of the utilities provider's stock after buying an additional 19,130 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.99% of Shenandoah Telecommunications worth $6,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SHEN. GAMMA Investing LLC raised its holdings in Shenandoah Telecommunications by 2,104.3% in the 1st quarter. GAMMA Investing LLC now owns 192,258 shares of the utilities provider's stock worth $2,417,000 after purchasing an additional 183,536 shares during the period. Marshall Wace LLP purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at about $1,052,000. Millennium Management LLC grew its position in shares of Shenandoah Telecommunications by 28.8% during the fourth quarter. Millennium Management LLC now owns 302,755 shares of the utilities provider's stock valued at $3,818,000 after purchasing an additional 67,715 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of Shenandoah Telecommunications during the first quarter valued at about $819,000. Finally, Private Advisor Group LLC grew its position in Shenandoah Telecommunications by 32.8% in the first quarter. Private Advisor Group LLC now owns 250,471 shares of the utilities provider's stock worth $3,148,000 after acquiring an additional 61,825 shares in the last quarter. 61.96% of the stock is owned by institutional investors.

Shenandoah Telecommunications Stock Performance

Shares of NASDAQ SHEN remained flat at $13.25 during mid-day trading on Friday. The company had a trading volume of 397,965 shares, compared to its average volume of 344,872. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73. The stock's fifty day moving average price is $13.87 and its 200 day moving average price is $12.87. Shenandoah Telecommunications Co has a 52-week low of $9.77 and a 52-week high of $16.89. The stock has a market cap of $726.90 million, a price-to-earnings ratio of -23.66 and a beta of 0.90.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.01. The company had revenue of $88.57 million for the quarter, compared to analyst estimates of $89.94 million. Shenandoah Telecommunications had a negative net margin of 8.90% and a negative return on equity of 3.78%. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. Equities research analysts predict that Shenandoah Telecommunications Co will post -0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Shenandoah Telecommunications from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $26.00.

Insider Buying and Selling

In other Shenandoah Telecommunications news, major shareholder Ecp Fiber Holdings Gp, Llc bought 30,000 shares of the firm's stock in a transaction on Thursday, July 17th. The shares were acquired at an average cost of $14.62 per share, with a total value of $438,600.00. Following the purchase, the insider directly owned 2,903,506 shares of the company's stock, valued at $42,449,257.72. This trade represents a 1.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Ecp Controlco, Llc purchased 36,238 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were purchased at an average price of $12.58 per share, with a total value of $455,874.04. Following the acquisition, the insider directly owned 2,599,274 shares in the company, valued at approximately $32,698,866.92. The trade was a 1.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 725,044 shares of company stock worth $10,018,622 over the last three months. Corporate insiders own 4.51% of the company's stock.

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.