Walleye Capital LLC Acquires New Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Walleye Capital LLC bought a new position in shares of Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,175 shares of the utilities provider's stock, valued at approximately $330,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Shenandoah Telecommunications by 10,890.9% in the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider's stock worth $30,000 after buying an additional 2,396 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of 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. KLP Kapitalforvaltning AS purchased a new position in Shenandoah Telecommunications in the fourth quarter valued at about $101,000. GAMMA Investing LLC grew its stake in Shenandoah Telecommunications by 135.2% during the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider's stock valued at $110,000 after purchasing an additional 5,013 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new stake in Shenandoah Telecommunications during the 4th quarter worth approximately $190,000. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Stock Down 14.4 %

NASDAQ SHEN traded down $1.88 on Wednesday, hitting $11.14. 856,047 shares of the stock traded hands, compared to its average volume of 241,372. Shenandoah Telecommunications has a twelve month low of $9.77 and a twelve month high of $21.89. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $611.10 million, a P/E ratio of 2.94 and a beta of 0.81. The stock has a 50-day moving average of $12.32 and a 200 day moving average of $12.59.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued 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 negative return on equity of 2.50% and a net margin of 58.03%. The business had revenue of $87.90 million for the quarter, compared to analyst estimates of $89.31 million. During the same period last year, the company posted ($0.07) earnings per share. As a group, analysts expect that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SHEN. BWS Financial reissued a "buy" rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th. StockNews.com raised shares of Shenandoah Telecommunications to a "sell" rating in a report on Friday, April 11th.

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.