Shenandoah Telecommunications (NASDAQ:SHEN) Trading Down 6.4% - What's Next?

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

Analysts Set New Price Targets

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

Shenandoah Telecommunications Stock Performance

The company has a market cap of $653.90 million, a P/E ratio of 3.15 and a beta of 0.82. The business has a fifty day moving average of $12.43 and a 200 day moving average of $12.48. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Shenandoah Telecommunications by 456.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 3,531 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Shenandoah Telecommunications during the 1st quarter valued at $90,000. KLP Kapitalforvaltning AS bought a new stake in shares of Shenandoah Telecommunications during the 4th quarter valued at about $101,000. GAMMA Investing LLC increased its holdings in Shenandoah Telecommunications by 135.2% during the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider's stock valued at $110,000 after buying an additional 5,013 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Shenandoah Telecommunications in the fourth quarter worth about $126,000. Hedge funds and other institutional investors own 61.96% of the company's stock.

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.