Dimensional Fund Advisors LP Trims Stock Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

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

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its position in Shenandoah Telecommunications by 339.4% in the 3rd quarter. Barclays PLC now owns 80,151 shares of the utilities provider's stock valued at $1,131,000 after buying an additional 61,910 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Shenandoah Telecommunications by 456.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock worth $53,000 after acquiring an additional 3,531 shares in the last quarter. GAMMA Investing LLC grew its stake in Shenandoah Telecommunications by 135.2% in the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider's stock valued at $110,000 after acquiring an additional 5,013 shares during the period. DAVENPORT & Co LLC increased its holdings in shares of Shenandoah Telecommunications by 16.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider's stock valued at $12,770,000 after acquiring an additional 140,314 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Shenandoah Telecommunications during the fourth quarter valued at approximately $260,000. Institutional investors and hedge funds own 61.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Shenandoah Telecommunications to a "sell" rating in a report on Thursday. BWS Financial restated a "buy" rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, May 1st.

Shenandoah Telecommunications Stock Up 1.6%

Shares of SHEN stock traded up $0.19 on Friday, hitting $11.92. The stock had a trading volume of 199,577 shares, compared to its average volume of 241,673. 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 business has a 50 day moving average of $12.43 and a 200 day moving average of $12.46. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $21.89. The stock has a market cap of $653.90 million, a price-to-earnings ratio of 3.15 and a beta of 0.82.

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

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.