Shenandoah Telecommunications (NASDAQ:SHEN) Sets New 1-Year Low at $14.35

Shenandoah Telecommunications (NASDAQ:SHEN)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $14.35 and last traded at $14.42, with a volume of 33097 shares traded. The stock had previously closed at $14.69.

Analysts Set New Price Targets

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 report on Monday, March 4th.

Shenandoah Telecommunications Stock Performance

The stock has a market cap of $708.32 million, a price-to-earnings ratio of 87.76 and a beta of 0.52. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.79 and a current ratio of 1.79. The stock’s 50-day simple moving average is $17.32 and its two-hundred day simple moving average is $20.20.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The firm had revenue of $72.51 million during the quarter, compared to analyst estimates of $71.85 million. Shenandoah Telecommunications had a net margin of 2.80% and a return on equity of 1.24%. During the same quarter in the previous year, the business earned ($0.04) EPS. Analysts forecast that Shenandoah Telecommunications will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at about $6,797,000. RWA Wealth Partners LLC acquired a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at about $2,583,000. American Century Companies Inc. raised its position in shares of Shenandoah Telecommunications by 25.6% during the third quarter. American Century Companies Inc. now owns 445,005 shares of the utilities provider’s stock valued at $9,172,000 after buying an additional 90,695 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Shenandoah Telecommunications by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 709,168 shares of the utilities provider’s stock valued at $14,616,000 after buying an additional 51,827 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Shenandoah Telecommunications by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,420,378 shares of the utilities provider’s stock valued at $52,328,000 after buying an additional 46,227 shares during the last quarter. Institutional investors and hedge funds 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.