Shenandoah Telecommunications (NASDAQ:SHEN) Reaches New 12-Month Low at $15.94

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.94 and last traded at $15.97, with a volume of 11183 shares. The stock had previously closed at $16.01.

Analyst Ratings Changes

Separately, BWS Financial raised Shenandoah Telecommunications from a "neutral" rating to a "buy" rating and set a $26.00 price objective on the stock in a report on Monday, March 4th.

Shenandoah Telecommunications Stock Down 3.1 %

The company has a fifty day moving average of $18.51 and a two-hundred day moving average of $20.69. The company has a market cap of $782.48 million, a PE ratio of 96.94 and a beta of 0.52. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.79 and a current ratio of 1.79.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Shenandoah Telecommunications had a return on equity of 1.24% and a net margin of 2.80%. The company had revenue of $72.51 million for the quarter, compared to analyst estimates of $71.85 million. During the same quarter in the prior year, the firm posted ($0.04) EPS. As a group, analysts anticipate that Shenandoah Telecommunications will post -0.05 earnings per share for the current fiscal year.

Institutional Trading of Shenandoah Telecommunications

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cerity Partners LLC bought a new position in shares of Shenandoah Telecommunications during the 4th quarter worth $22,186,000. Norges Bank purchased a new position in shares of Shenandoah Telecommunications in the fourth quarter worth about $6,500,000. American Century Companies Inc. raised its stake in shares of Shenandoah Telecommunications by 429.4% in the first quarter. American Century Companies Inc. now owns 214,207 shares of the utilities provider's stock worth $3,965,000 after purchasing an additional 173,748 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Shenandoah Telecommunications by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,787,782 shares of the utilities provider's stock valued at $42,156,000 after acquiring an additional 169,835 shares in the last quarter. Finally, RWA Wealth Partners LLC purchased a new position in Shenandoah Telecommunications during the fourth quarter valued at approximately $2,583,000. Hedge funds and other institutional investors own 61.96% 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.