Squarepoint Ops LLC Has $342,000 Stock Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Squarepoint Ops LLC trimmed its position in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 43.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,135 shares of the utilities provider's stock after selling 20,792 shares during the period. Squarepoint Ops LLC's holdings in Shenandoah Telecommunications were worth $342,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SHEN. Private Advisor Group LLC bought a new stake in Shenandoah Telecommunications in the fourth quarter valued at approximately $2,379,000. Invesco Ltd. grew its holdings in shares of Shenandoah Telecommunications by 66.7% in the 4th quarter. Invesco Ltd. now owns 239,856 shares of the utilities provider's stock valued at $3,025,000 after buying an additional 96,006 shares during the period. Marshall Wace LLP bought a new stake in shares of Shenandoah Telecommunications in the 4th quarter valued at $1,052,000. Vanguard Group Inc. raised its stake in Shenandoah Telecommunications by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider's stock worth $69,731,000 after buying an additional 68,133 shares during the period. Finally, Natural Investments LLC bought a new position in Shenandoah Telecommunications during the fourth quarter worth about $854,000. Institutional investors own 61.96% of the company's stock.

Shenandoah Telecommunications Stock Up 1.4%

SHEN traded up $0.19 during trading on Monday, hitting $13.69. The company had a trading volume of 264,585 shares, compared to its average volume of 251,758. The company has a market capitalization of $750.99 million, a PE ratio of 3.61 and a beta of 0.87. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. Shenandoah Telecommunications has a one year low of $9.77 and a one year high of $21.89. The firm's 50-day moving average price is $12.29 and its 200 day moving average price is $12.24.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last posted 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). Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. The firm had revenue of $87.90 million for the quarter, compared to analyst estimates of $89.31 million. During the same period in the prior year, the company earned ($0.07) earnings per share. As a group, equities analysts expect that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Ecp Controlco, Llc acquired 13,000 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $13.19 per share, with a total value of $171,470.00. Following the acquisition, the insider now owns 2,655,737 shares in the company, valued at $35,029,171.03. This represents a 0.49% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ecp Fiber Holdings Gp, Llc purchased 20,045 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were purchased at an average cost of $12.30 per share, for a total transaction of $246,553.50. Following the completion of the transaction, the insider now directly owns 2,500,697 shares of the company's stock, valued at approximately $30,758,573.10. This represents a 0.81% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 203,353 shares of company stock valued at $2,547,870 in the last quarter. 4.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SHEN has been the subject of a number of research analyst reports. Wall Street Zen raised Shenandoah Telecommunications to a "sell" rating in a research note on Thursday, May 8th. BWS Financial restated a "buy" rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a report on Thursday, May 1st.

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.