Visionary Wealth Advisors Increases Stock Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Visionary Wealth Advisors lifted its stake in Shenandoah Telecommunications (NASDAQ:SHEN) by 29.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,705 shares of the utilities provider’s stock after buying an additional 8,355 shares during the period. Visionary Wealth Advisors’ holdings in Shenandoah Telecommunications were worth $463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Shenandoah Telecommunications by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider’s stock worth $349,000 after purchasing an additional 1,061 shares during the period. Nebula Research & Development LLC lifted its stake in shares of Shenandoah Telecommunications by 5.5% during the 4th quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 1,147 shares during the last quarter. PAX Financial Group LLC lifted its stake in shares of Shenandoah Telecommunications by 3.8% during the 4th quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider’s stock worth $468,000 after acquiring an additional 1,353 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Shenandoah Telecommunications by 11.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 1,380 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Shenandoah Telecommunications by 5.9% during the 4th quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider’s stock worth $485,000 after acquiring an additional 2,143 shares during the last quarter. Hedge funds and other institutional investors own 61.96% of the company’s stock.

Shenandoah Telecommunications Price Performance

Shares of SHEN stock opened at $11.31 on Wednesday. Shenandoah Telecommunications has a 52-week low of $9.77 and a 52-week high of $21.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. The firm has a market capitalization of $620.43 million, a P/E ratio of 2.98 and a beta of 0.82. The stock has a 50 day moving average price of $12.40 and a 200 day moving average price of $12.33.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). The firm had revenue of $87.90 million for the quarter, compared to the consensus estimate of $89.31 million. Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. During the same period last year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts predict that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SHEN. StockNews.com raised Shenandoah Telecommunications to a “sell” rating in a research note on Thursday, May 8th. BWS Financial reissued a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research note on Thursday, May 1st.

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.