Capital Investment Advisory Services LLC Purchases New Stake in Shenandoah Telecommunications (NASDAQ:SHEN)

Capital Investment Advisory Services LLC acquired a new position in Shenandoah Telecommunications (NASDAQ:SHEN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the utilities provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Shenandoah Telecommunications in the second quarter valued at about $480,000. AQR Capital Management LLC purchased a new position in Shenandoah Telecommunications in the second quarter valued at about $572,000. The Manufacturers Life Insurance Company lifted its position in shares of Shenandoah Telecommunications by 8.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,785 shares of the utilities provider’s stock valued at $437,000 after acquiring an additional 2,155 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Shenandoah Telecommunications during the 3rd quarter worth approximately $271,000. Finally, Inspire Investing LLC grew its holdings in shares of Shenandoah Telecommunications by 34.3% in the 3rd quarter. Inspire Investing LLC now owns 28,988 shares of the utilities provider’s stock worth $409,000 after acquiring an additional 7,407 shares during the period. Institutional investors and hedge funds own 61.96% of the company’s stock.

Shenandoah Telecommunications Trading Up 1.0 %

Shares of SHEN opened at $10.80 on Friday. Shenandoah Telecommunications has a 1-year low of $10.42 and a 1-year high of $22.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $12.52 and a 200-day simple moving average of $14.29. The stock has a market cap of $589.70 million, a price-to-earnings ratio of 2.78 and a beta of 0.63.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $87.60 million during the quarter, compared to analyst estimates of $88.80 million. Shenandoah Telecommunications had a negative return on equity of 1.45% and a net margin of 62.67%. During the same period last year, the firm earned $0.03 earnings per share. Equities analysts forecast that Shenandoah Telecommunications will post -0.41 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a research report on Wednesday, November 13th.

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.