Shenandoah Telecommunications (NASDAQ:SHEN) Sets New 52-Week Low at $14.64

Shares of Shenandoah Telecommunications (NASDAQ:SHEN) reached a new 52-week low during trading on Tuesday . The stock traded as low as $14.64 and last traded at $14.64, with a volume of 70654 shares trading hands. The stock had previously closed at $15.24.

Analyst Ratings Changes

Separately, BWS Financial upgraded shares of Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Monday, March 4th.

Shenandoah Telecommunications Trading Down 1.8 %

The firm has a market cap of $725.47 million, a PE ratio of 89.88 and a beta of 0.52. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average price is $17.79 and its two-hundred day moving average price is $20.41.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Shenandoah Telecommunications had a net margin of 2.80% and a return on equity of 1.24%. The business had revenue of $72.51 million for the quarter, compared to the consensus estimate of $71.85 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. As a group, sell-side analysts forecast that Shenandoah Telecommunications will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Shenandoah Telecommunications

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Shenandoah Telecommunications in the 4th quarter worth about $27,000. Quest Partners LLC purchased a new position in Shenandoah Telecommunications in the 4th quarter worth about $41,000. Lazard Asset Management LLC increased its stake in Shenandoah Telecommunications by 45.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,595 shares of the utilities provider’s stock worth $61,000 after buying an additional 810 shares during the period. Tower Research Capital LLC TRC increased its stake in Shenandoah Telecommunications by 193.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,213 shares of the utilities provider’s stock worth $66,000 after buying an additional 2,119 shares during the period. Finally, UBS Group AG increased its stake in Shenandoah Telecommunications by 2,432.8% in the 3rd quarter. UBS Group AG now owns 4,787 shares of the utilities provider’s stock worth $81,000 after buying an additional 4,598 shares during the period. Hedge funds and other institutional investors own 61.96% of the company’s stock.

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.