Shenandoah Telecommunications (NASDAQ:SHEN) Trading Down 6.4% - Should You Sell?

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report)'s stock price traded down 6.4% during mid-day trading on Monday . The stock traded as low as $11.45 and last traded at $11.22. 12,480 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 242,245 shares. The stock had previously closed at $11.98.

Analyst Upgrades and Downgrades

SHEN has been the subject of a number of recent research reports. BWS Financial reiterated a "buy" rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Thursday. StockNews.com upgraded shares of Shenandoah Telecommunications to a "sell" rating in a report on Friday, April 11th.

Shenandoah Telecommunications Stock Performance

The firm has a market cap of $616.86 million, a PE ratio of 2.94 and a beta of 0.81. The stock has a 50-day moving average price of $12.35 and a 200 day moving average price of $12.55. 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 (NASDAQ:SHEN - Get Free Report) last posted its quarterly 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 business had revenue of $87.90 million during the quarter, compared to analysts' expectations 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 quarter last year, the firm earned ($0.07) EPS. Research analysts forecast that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.

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