Shenandoah Telecommunications (NASDAQ:SHEN) Trading Up 5.3% - Still a Buy?

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) shares shot up 5.3% during trading on Tuesday . The stock traded as high as $12.83 and last traded at $12.71. 137,009 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 235,499 shares. The stock had previously closed at $12.06.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Shenandoah Telecommunications to a "sell" rating in a research note on Friday. BWS Financial restated a "buy" rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a report on Tuesday, February 25th.

Shenandoah Telecommunications Stock Performance

The business has a 50-day moving average price of $12.01 and a 200-day moving average price of $12.65. 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 firm has a market capitalization of $694.48 million, a price-to-earnings ratio of 3.34 and a beta of 0.81.

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

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Hedge Funds Weigh In On Shenandoah Telecommunications

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Shenandoah Telecommunications by 2,104.3% during the first quarter. GAMMA Investing LLC now owns 192,258 shares of the utilities provider's stock worth $2,417,000 after purchasing an additional 183,536 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Shenandoah Telecommunications by 6.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 146,557 shares of the utilities provider's stock valued at $1,848,000 after buying an additional 8,253 shares during the last quarter. Visionary Wealth Advisors boosted its stake in shares of Shenandoah Telecommunications by 29.5% in the fourth quarter. Visionary Wealth Advisors now owns 36,705 shares of the utilities provider's stock worth $463,000 after buying an additional 8,355 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Shenandoah Telecommunications during the fourth quarter worth about $126,000. Finally, ProShare Advisors LLC raised its position in Shenandoah Telecommunications by 44.7% during the fourth quarter. ProShare Advisors LLC now owns 14,622 shares of the utilities provider's stock valued at $184,000 after acquiring an additional 4,517 shares in the last quarter. 61.96% of the stock is owned by hedge funds and other institutional investors.

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.