Shenandoah Telecommunications (NASDAQ:SHEN) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,529,847 shares of the utilities provider's stock after acquiring an additional 68,133 shares during the quarter. Vanguard Group Inc. owned 10.13% of Shenandoah Telecommunications worth $69,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its stake in Shenandoah Telecommunications by 211.9% during the third quarter. FMR LLC now owns 105,789 shares of the utilities provider's stock valued at $1,493,000 after purchasing an additional 71,868 shares during the last quarter. Jane Street Group LLC lifted its position in shares of 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 last quarter. Barclays PLC boosted its stake in shares of Shenandoah Telecommunications by 339.4% during the 3rd quarter. Barclays PLC now owns 80,151 shares of the utilities provider's stock worth $1,131,000 after acquiring an additional 61,910 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Shenandoah Telecommunications by 10,890.9% during the 4th 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 in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Shenandoah Telecommunications by 135.2% in the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider's stock worth $110,000 after acquiring an additional 5,013 shares during the last quarter. 61.96% of the stock is owned by institutional investors and hedge funds.

Shenandoah Telecommunications Trading Up 0.7 %

NASDAQ SHEN traded up $0.09 on Wednesday, hitting $13.10. 12,469 shares of the stock were exchanged, compared to its average volume of 237,732. The company's 50-day moving average price is $12.07 and its two-hundred day moving average price is $12.63. 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 52-week low of $9.77 and a 52-week high of $21.89. The company has a market capitalization of $718.34 million, a price-to-earnings ratio of 3.46 and a beta of 0.81.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The business had revenue of $85.41 million for the quarter, compared to analysts' expectations of $89.65 million. Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. Research analysts predict that Shenandoah Telecommunications will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SHEN shares. BWS Financial reiterated a "buy" rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Shenandoah Telecommunications to a "sell" rating in a report on Friday, April 11th.

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.