Invesco Ltd. Has $3.03 Million Stock Position in Shenandoah Telecommunications (NASDAQ:SHEN)

Invesco Ltd. grew its holdings in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 66.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,856 shares of the utilities provider's stock after acquiring an additional 96,006 shares during the quarter. Invesco Ltd. owned 0.44% of Shenandoah Telecommunications worth $3,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SHEN. PAX Financial Group LLC increased its stake in Shenandoah Telecommunications by 3.8% during the 4th quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider's stock worth $468,000 after purchasing an additional 1,353 shares in the last quarter. LPL Financial LLC increased its position in shares of Shenandoah Telecommunications by 5.9% during the fourth quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider's stock worth $485,000 after acquiring an additional 2,143 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Shenandoah Telecommunications by 10,890.9% during the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider's stock worth $30,000 after acquiring an additional 2,396 shares during the period. Inspire Investing LLC lifted its position in Shenandoah Telecommunications by 9.7% in the 4th quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider's stock valued at $401,000 after acquiring an additional 2,819 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Shenandoah Telecommunications by 456.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock worth $53,000 after purchasing an additional 3,531 shares during the period. Institutional investors and hedge funds own 61.96% of the company's stock.

Shenandoah Telecommunications Stock Up 6.2 %

Shenandoah Telecommunications stock traded up $0.72 during mid-day trading on Friday, reaching $12.21. The company's stock had a trading volume of 67,860 shares, compared to its average volume of 241,810. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. Shenandoah Telecommunications has a 12 month low of $9.77 and a 12 month high of $21.89. The business's 50 day simple moving average is $12.33 and its 200 day simple moving average is $12.58. The company has a market capitalization of $669.52 million, a price-to-earnings ratio of 3.23 and a beta of 0.81.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last released its earnings results on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The company had revenue of $87.90 million during the quarter, compared to analyst estimates of $89.31 million. During the same period in the prior year, the firm posted ($0.07) EPS. As a group, research analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

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

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.