Shenandoah Telecommunications (NASDAQ:SHEN) Lifted to Sell at StockNews.com

StockNews.com upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN) to a sell rating in a research note released on Thursday.

Separately, BWS Financial reissued a buy rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Monday, May 6th.

Shenandoah Telecommunications Stock Up 0.6 %

SHEN stock opened at $17.82 on Thursday. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.33. Shenandoah Telecommunications has a twelve month low of $11.87 and a twelve month high of $25.51. The company’s 50 day moving average is $15.97 and its two-hundred day moving average is $19.07. The stock has a market cap of $972.08 million, a P/E ratio of 4.12 and a beta of 0.61.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Shenandoah Telecommunications had a return on equity of 0.27% and a net margin of 77.44%. The company had revenue of $69.25 million for the quarter, compared to analyst estimates of $71.52 million. Research analysts expect that Shenandoah Telecommunications will post -0.13 earnings per share for the current fiscal year.

Insider Activity

In other Shenandoah Telecommunications news, CEO Christopher E. French bought 11,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $14.69 per share, with a total value of $161,590.00. Following the acquisition, the chief executive officer now directly owns 319,750 shares of the company’s stock, valued at approximately $4,697,127.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Shenandoah Telecommunications news, SVP Richard W. Mason, Jr. bought 2,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $14.73 per share, with a total value of $29,460.00. Following the acquisition, the senior vice president now directly owns 14,501 shares of the company’s stock, valued at approximately $213,599.73. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher E. French acquired 11,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $14.69 per share, for a total transaction of $161,590.00. Following the completion of the purchase, the chief executive officer now directly owns 319,750 shares in the company, valued at approximately $4,697,127.50. The disclosure for this purchase can be found here. Insiders have acquired 24,463 shares of company stock valued at $363,095 in the last ninety days. 4.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Shenandoah Telecommunications

Several institutional investors have recently bought and sold shares of the company. Swiss National Bank increased its stake in Shenandoah Telecommunications by 1.0% in the 3rd quarter. Swiss National Bank now owns 104,872 shares of the utilities provider’s stock valued at $2,161,000 after buying an additional 1,000 shares during the period. GAMMA Investing LLC increased its stake in Shenandoah Telecommunications by 90.8% in the 1st quarter. GAMMA Investing LLC now owns 2,484 shares of the utilities provider’s stock valued at $43,000 after buying an additional 1,182 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Shenandoah Telecommunications by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,869 shares of the utilities provider’s stock valued at $473,000 after buying an additional 1,219 shares during the period. PAX Financial Group LLC increased its stake in Shenandoah Telecommunications by 4.0% in the 3rd quarter. PAX Financial Group LLC now owns 34,815 shares of the utilities provider’s stock valued at $718,000 after buying an additional 1,333 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Shenandoah Telecommunications by 17.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,045 shares of the utilities provider’s stock valued at $228,000 after buying an additional 1,674 shares during the period. 61.96% of the stock is owned by institutional investors and hedge funds.

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.