Gamco Investors INC. ET AL Acquires 67,000 Shares of Shenandoah Telecommunications (NASDAQ:SHEN)

Gamco Investors INC. ET AL increased its stake in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 42.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,000 shares of the utilities provider's stock after acquiring an additional 67,000 shares during the quarter. Gamco Investors INC. ET AL owned 0.41% of Shenandoah Telecommunications worth $2,837,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PAX Financial Group LLC boosted its position in shares of Shenandoah Telecommunications by 3.8% in the fourth quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,353 shares during the period. LPL Financial LLC boosted its position in shares of Shenandoah Telecommunications by 5.9% in the fourth quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider's stock valued at $485,000 after acquiring an additional 2,143 shares during the period. Versant Capital Management Inc boosted its position 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 valued at $30,000 after acquiring an additional 2,396 shares during the period. Inspire Investing LLC boosted its position in shares of Shenandoah Telecommunications by 9.7% in the fourth quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider's stock valued at $401,000 after acquiring an additional 2,819 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Shenandoah Telecommunications by 456.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 3,531 shares during the period. Institutional investors own 61.96% of the company's stock.

Shenandoah Telecommunications Price Performance

Shares of NASDAQ SHEN traded down $0.06 during mid-day trading on Wednesday, reaching $12.88. 20,866 shares of the company were exchanged, compared to its average volume of 238,685. Shenandoah Telecommunications has a 52 week low of $9.77 and a 52 week high of $21.89. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $706.55 million, a PE ratio of 3.40 and a beta of 0.81. The company's 50 day moving average price is $12.19 and its 200 day moving average price is $12.61.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The company had revenue of $85.41 million for the quarter, compared to the consensus estimate of $89.65 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. Sell-side analysts forecast that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.