Crow Point Partners LLC increased its position in Shenandoah Telecommunications (NASDAQ:SHEN) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 975,000 shares of the utilities provider’s stock after purchasing an additional 35,000 shares during the quarter. Shenandoah Telecommunications makes up about 5.2% of Crow Point Partners LLC’s investment portfolio, making the stock its largest holding. Crow Point Partners LLC’s holdings in Shenandoah Telecommunications were worth $32,858,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacad Investment Ltd. lifted its stake in shares of Shenandoah Telecommunications by 5.0% in the 2nd quarter. Pacad Investment Ltd. now owns 4,200 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 200 shares during the period. Suntrust Banks Inc. lifted its stake in shares of Shenandoah Telecommunications by 2.2% in the 2nd quarter. Suntrust Banks Inc. now owns 9,805 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 209 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Shenandoah Telecommunications by 9.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,079 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 347 shares during the period. Toronto Dominion Bank lifted its stake in shares of Shenandoah Telecommunications by 13.2% in the 2nd quarter. Toronto Dominion Bank now owns 6,636 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 776 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Shenandoah Telecommunications by 4.9% in the 2nd quarter. Legal & General Group Plc now owns 19,232 shares of the utilities provider’s stock valued at $590,000 after purchasing an additional 902 shares during the period. Institutional investors own 48.41% of the company’s stock.
A number of research analysts have issued reports on SHEN shares. TheStreet cut Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub cut Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.00.
Shares of Shenandoah Telecommunications (SHEN) traded down $0.40 during trading hours on Wednesday, reaching $32.95. The company’s stock had a trading volume of 169,200 shares, compared to its average volume of 142,267. The stock has a market capitalization of $1,570.00, a PE ratio of 299.55 and a beta of 0.69. Shenandoah Telecommunications has a 1-year low of $25.35 and a 1-year high of $41.80. The company has a quick ratio of 1.28, a current ratio of 1.34 and a debt-to-equity ratio of 2.60.
Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.08. The business had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $153.64 million. Shenandoah Telecommunications had a return on equity of 4.04% and a net margin of 0.91%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) earnings per share. sell-side analysts predict that Shenandoah Telecommunications will post 0.16 EPS for the current fiscal year.
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Shenandoah Telecommunications Profile
Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.
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