Dimensional Fund Advisors LP Has $31.95 Million Position in Shenandoah Telecommunications (NASDAQ:SHEN)

Dimensional Fund Advisors LP decreased its position in shares of Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,533,961 shares of the utilities provider's stock after selling 62,736 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.64% of Shenandoah Telecommunications worth $31,953,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SHEN. First Trust Advisors LP raised its position in shares of Shenandoah Telecommunications by 59.3% during the fourth quarter. First Trust Advisors LP now owns 161,825 shares of the utilities provider's stock worth $2,041,000 after acquiring an additional 60,248 shares during the last quarter. Marshall Wace LLP bought a new stake in Shenandoah Telecommunications during the 4th quarter worth about $1,052,000. Gamco Investors INC. ET AL lifted its position in Shenandoah Telecommunications by 42.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 225,000 shares of the utilities provider's stock valued at $2,837,000 after purchasing an additional 67,000 shares during the period. Gabelli Funds LLC boosted its stake in shares of Shenandoah Telecommunications by 3.5% in the 4th quarter. Gabelli Funds LLC now owns 149,000 shares of the utilities provider's stock valued at $1,879,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Shenandoah Telecommunications during the 4th quarter worth approximately $330,000. Institutional investors and hedge funds own 61.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BWS Financial restated a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, May 1st. StockNews.com raised Shenandoah Telecommunications to a "sell" rating in a research note on Thursday.

Shenandoah Telecommunications Trading Up 1.6 %

Shares of Shenandoah Telecommunications stock traded up $0.19 during trading on Friday, hitting $11.92. 199,577 shares of the company were exchanged, compared to its average volume of 242,114. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79. The firm has a market capitalization of $653.90 million, a P/E ratio of 3.15 and a beta of 0.82. The firm's fifty day moving average price is $12.41 and its 200 day moving average price is $12.51. Shenandoah Telecommunications has a 1-year low of $9.77 and a 1-year high of $21.89.

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

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.