Shenandoah Telecommunications (NASDAQ:SHEN) Hits New 1-Year Low at $14.35

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $14.35 and last traded at $14.42, with a volume of 33097 shares. The stock had previously closed at $14.69.

Wall Street Analysts Forecast Growth

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

Shenandoah Telecommunications Trading Down 4.8 %

The stock has a market capitalization of $705.80 million, a P/E ratio of 88.19 and a beta of 0.52. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $17.57 and a two-hundred day moving average price of $20.31.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The business had revenue of $72.51 million during the quarter, compared to analysts' expectations of $71.85 million. Shenandoah Telecommunications had a net margin of 2.80% and a return on equity of 1.24%. During the same quarter in the prior year, the business posted ($0.04) earnings per share. On average, analysts expect that Shenandoah Telecommunications will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in shares of Shenandoah Telecommunications by 1.0% in the 3rd quarter. Swiss National Bank now owns 104,872 shares of the utilities provider's stock valued at $2,161,000 after purchasing an additional 1,000 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Shenandoah Telecommunications by 90.8% in the 1st quarter. GAMMA Investing LLC now owns 2,484 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 1,182 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Shenandoah Telecommunications by 5.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,869 shares of the utilities provider's stock valued at $473,000 after purchasing an additional 1,219 shares during the last quarter. PAX Financial Group LLC lifted its stake in Shenandoah Telecommunications by 4.0% in the 3rd quarter. PAX Financial Group LLC now owns 34,815 shares of the utilities provider's stock valued at $718,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Shenandoah Telecommunications by 17.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,045 shares of the utilities provider's stock worth $228,000 after buying an additional 1,674 shares in the last quarter. 61.96% of the stock is owned by institutional investors.

About Shenandoah Telecommunications

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.