GAMMA Investing LLC Has $2.42 Million Stock Position in Shenandoah Telecommunications (NASDAQ:SHEN)

GAMMA Investing LLC boosted its position in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 2,104.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 192,258 shares of the utilities provider's stock after purchasing an additional 183,536 shares during the period. GAMMA Investing LLC owned about 0.35% of Shenandoah Telecommunications worth $2,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Shenandoah Telecommunications by 6.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 146,557 shares of the utilities provider's stock valued at $1,848,000 after acquiring an additional 8,253 shares during the last quarter. Visionary Wealth Advisors grew its stake in Shenandoah Telecommunications by 29.5% in the fourth quarter. Visionary Wealth Advisors now owns 36,705 shares of the utilities provider's stock worth $463,000 after purchasing an additional 8,355 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Shenandoah Telecommunications in the fourth quarter valued at about $126,000. ProShare Advisors LLC increased its holdings in Shenandoah Telecommunications by 44.7% during the fourth quarter. ProShare Advisors LLC now owns 14,622 shares of the utilities provider's stock valued at $184,000 after buying an additional 4,517 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of Shenandoah Telecommunications in the 4th quarter valued at $175,000. Hedge funds and other institutional investors own 61.96% of the company's stock.

Shenandoah Telecommunications Stock Down 0.3%

SHEN traded down $0.04 during trading hours on Friday, hitting $13.84. 228,710 shares of the company's stock were exchanged, compared to its average volume of 251,179. The firm has a market cap of $759.22 million, a P/E ratio of 3.65 and a beta of 0.87. The firm has a 50 day moving average of $12.39 and a 200 day moving average of $12.27. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $21.89. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44.

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 (EPS) 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 analyst estimates 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 prior year, the firm posted ($0.07) earnings per share. Analysts predict that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, major shareholder Ecp Fiber Holdings Gp, Llc purchased 28,268 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $11.91 per share, for a total transaction of $336,671.88. Following the transaction, the insider now owns 2,480,652 shares of the company's stock, valued at $29,544,565.32. This trade represents a 1.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Ecp Controlco, Llc bought 13,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $13.19 per share, with a total value of $171,470.00. Following the purchase, the insider now directly owns 2,655,737 shares of the company's stock, valued at approximately $35,029,171.03. This represents a 0.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 227,037 shares of company stock valued at $2,868,844. Company insiders own 4.51% of the company's stock.

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.