Fuller & Thaler Asset Management Inc. Takes $518,000 Position in Shenandoah Telecommunications (NASDAQ:SHEN)

Fuller & Thaler Asset Management Inc. bought a new stake in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,100 shares of the utilities provider's stock, valued at approximately $518,000. Fuller & Thaler Asset Management Inc. owned 0.08% of Shenandoah Telecommunications at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in Shenandoah Telecommunications by 339.4% in the third quarter. Barclays PLC now owns 80,151 shares of the utilities provider's stock worth $1,131,000 after purchasing an additional 61,910 shares during the last quarter. Jane Street Group LLC boosted its holdings in Shenandoah Telecommunications by 101.2% during the 3rd quarter. Jane Street Group LLC now owns 95,703 shares of the utilities provider's stock valued at $1,350,000 after acquiring an additional 48,127 shares during the period. Smartleaf Asset Management LLC boosted 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 acquiring an additional 3,531 shares during the period. GAMMA Investing LLC grew its position in Shenandoah Telecommunications by 135.2% in the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider's stock valued at $110,000 after acquiring an additional 5,013 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Shenandoah Telecommunications by 16.1% in the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider's stock worth $12,770,000 after purchasing an additional 140,314 shares during the period. Institutional investors own 61.96% of the company's stock.

Analyst Ratings Changes

SHEN has been the topic of a number of research analyst reports. BWS Financial restated a "buy" rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a report on Thursday. StockNews.com upgraded shares of Shenandoah Telecommunications to a "sell" rating in a research note on Friday, April 11th.

Shenandoah Telecommunications Stock Up 7.4 %

Shares of SHEN stock traded up $0.85 during mid-day trading on Friday, hitting $12.34. The stock had a trading volume of 127,299 shares, compared to its average volume of 241,997. The firm has a market capitalization of $676.92 million, a P/E ratio of 3.27 and a beta of 0.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $21.89. The firm's 50-day moving average is $12.33 and its two-hundred day moving average is $12.58.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its earnings results 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 business had revenue of $87.90 million for the quarter, compared to the consensus estimate of $89.31 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. During the same quarter in the previous year, the company earned ($0.07) earnings per share. On average, analysts predict that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

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.