Private Advisor Group LLC Purchases New Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Private Advisor Group LLC acquired a new position in Shenandoah Telecommunications (NASDAQ:SHEN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 188,646 shares of the utilities provider’s stock, valued at approximately $2,379,000.

Other large investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Shenandoah Telecommunications by 211.9% in the third quarter. FMR LLC now owns 105,789 shares of the utilities provider’s stock valued at $1,493,000 after acquiring an additional 71,868 shares in the last quarter. Barclays PLC raised its stake 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 purchasing an additional 61,910 shares during the last quarter. Jane Street Group LLC lifted its holdings in Shenandoah Telecommunications by 101.2% in the 3rd quarter. Jane Street Group LLC now owns 95,703 shares of the utilities provider’s stock valued at $1,350,000 after purchasing an additional 48,127 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Shenandoah Telecommunications during the 3rd quarter worth $1,113,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Shenandoah Telecommunications during the third quarter worth $678,000. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Trading Down 2.8 %

Shares of Shenandoah Telecommunications stock opened at $10.94 on Wednesday. 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 stock’s 50 day simple moving average is $11.87 and its 200-day simple moving average is $13.32. The stock has a market cap of $597.35 million, a P/E ratio of 2.89 and a beta of 0.61. Shenandoah Telecommunications has a 1-year low of $9.77 and a 1-year high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. The company had revenue of $85.41 million for the quarter, compared to analyst estimates of $89.65 million. Analysts predict that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research note on Tuesday.

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.