Renaissance Technologies LLC Has $2.27 Million Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Renaissance Technologies LLC decreased its stake in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 29.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,200 shares of the utilities provider's stock after selling 73,805 shares during the quarter. Renaissance Technologies LLC owned approximately 0.33% of Shenandoah Telecommunications worth $2,272,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SHEN. Jane Street Group LLC increased its position in shares of Shenandoah Telecommunications by 101.2% during the third 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 in the last quarter. Barclays PLC boosted its holdings in Shenandoah Telecommunications by 339.4% during the 3rd quarter. Barclays PLC now owns 80,151 shares of the utilities provider's stock valued at $1,131,000 after acquiring an additional 61,910 shares during the period. Versant Capital Management Inc grew its stake in shares of Shenandoah Telecommunications by 10,890.9% in the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider's stock worth $30,000 after acquiring an additional 2,396 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Shenandoah Telecommunications by 135.2% in the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider's stock valued at $110,000 after buying an additional 5,013 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Shenandoah Telecommunications by 9.7% in the 4th quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider's stock valued at $401,000 after purchasing an additional 2,819 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SHEN. BWS Financial reissued a "buy" rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th. StockNews.com raised Shenandoah Telecommunications to a "sell" rating in a research note on Friday, April 11th.

Shenandoah Telecommunications Stock Up 1.5 %

SHEN stock traded up $0.19 during mid-day trading on Tuesday, hitting $13.02. 193,920 shares of the company were exchanged, compared to its average volume of 238,614. The company has a market capitalization of $714.23 million, a PE ratio of 3.44 and a beta of 0.81. Shenandoah Telecommunications has a twelve month low of $9.77 and a twelve month high of $21.89. The firm has a fifty day simple moving average of $12.27 and a 200 day simple moving average of $12.60. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. The business had revenue of $85.41 million during the quarter, compared to the consensus estimate of $89.65 million. On average, research analysts forecast that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

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.