Shenandoah Telecommunications (NASDAQ:SHEN) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its stake in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 433,218 shares of the utilities provider's stock after purchasing an additional 48,233 shares during the quarter. American Century Companies Inc. owned approximately 0.79% of Shenandoah Telecommunications worth $5,463,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its holdings 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 purchasing an additional 71,868 shares during the last quarter. Quantbot Technologies LP boosted its stake in Shenandoah Telecommunications by 570.2% during the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider's stock worth $104,000 after buying an additional 6,244 shares during the period. Jane Street Group LLC boosted its position in shares of Shenandoah Telecommunications by 101.2% during the 3rd quarter. Jane Street Group LLC now owns 95,703 shares of the utilities provider's stock worth $1,350,000 after purchasing an additional 48,127 shares during the period. Barclays PLC grew its stake in shares of Shenandoah Telecommunications by 339.4% in the third quarter. Barclays PLC now owns 80,151 shares of the utilities provider's stock valued at $1,131,000 after buying an additional 61,910 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Shenandoah Telecommunications by 10,890.9% during the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider's stock worth $30,000 after purchasing an additional 2,396 shares during the period. 61.96% of the stock is currently owned by institutional investors and hedge funds.

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Shenandoah Telecommunications Stock Performance

Shares of NASDAQ:SHEN traded up $0.17 on Wednesday, reaching $12.62. The company's stock had a trading volume of 404,524 shares, compared to its average volume of 238,090. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79. Shenandoah Telecommunications has a 52-week low of $9.77 and a 52-week high of $21.89. The stock's 50-day moving average is $11.94 and its two-hundred day moving average is $12.69. The stock has a market capitalization of $692.28 million, a P/E ratio of 3.33 and a beta of 0.81.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last posted 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). The firm had revenue of $85.41 million during the quarter, compared to analysts' expectations of $89.65 million. Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. As a group, sell-side analysts forecast that Shenandoah Telecommunications will post -0.49 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com upgraded Shenandoah Telecommunications to a "sell" rating in a research note on Wednesday, March 19th. BWS Financial reiterated a "buy" rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research note on Tuesday, February 25th.

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.