Vanguard Group Inc. Buys 68,133 Shares of Shenandoah Telecommunications (NASDAQ:SHEN)

Vanguard Group Inc. boosted its position in Shenandoah Telecommunications (NASDAQ:SHEN - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,529,847 shares of the utilities provider's stock after acquiring an additional 68,133 shares during the period. Vanguard Group Inc. owned 10.13% of Shenandoah Telecommunications worth $69,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC grew its position in Shenandoah Telecommunications by 5.9% in the 4th quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider's stock valued at $485,000 after purchasing an additional 2,143 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at about $101,000. American Century Companies Inc. increased its position in shares of Shenandoah Telecommunications by 12.5% during the fourth quarter. American Century Companies Inc. now owns 433,218 shares of the utilities provider's stock worth $5,463,000 after acquiring an additional 48,233 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Shenandoah Telecommunications by 40.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,402 shares of the utilities provider's stock worth $850,000 after acquiring an additional 19,380 shares during the last quarter. Finally, Natural Investments LLC bought a new position in Shenandoah Telecommunications in the 4th quarter valued at about $854,000. Institutional investors own 61.96% of the company's stock.

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Shenandoah Telecommunications Stock Up 0.6 %

SHEN stock traded up $0.08 during trading on Tuesday, reaching $12.95. The stock had a trading volume of 53,125 shares, compared to its average volume of 238,049. 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 company has a market capitalization of $710.39 million, a price-to-earnings ratio of 3.42 and a beta of 0.81. Shenandoah Telecommunications has a one year low of $9.77 and a one year high of $21.89. The company's 50 day moving average is $12.04 and its two-hundred day moving average is $12.63.

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

Wall Street Analyst Weigh In

SHEN has been the subject of a number of recent research reports. StockNews.com raised Shenandoah Telecommunications to a "sell" rating in a research note on Friday. BWS Financial restated a "buy" rating and set a $26.00 price objective 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.