Shenandoah Telecommunications (NASDAQ:SHEN) Sets New 1-Year Low – Time to Sell?

Shenandoah Telecommunications Co (NASDAQ:SHEN) reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.67 and last traded at $9.7090, with a volume of 67296 shares changing hands. The stock had previously closed at $10.06.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SHEN. BWS Financial reiterated a “buy” rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Shenandoah Telecommunications in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Shenandoah Telecommunications from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Shenandoah Telecommunications Stock Down 3.5%

The company’s 50 day simple moving average is $12.74 and its 200-day simple moving average is $13.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $533.06 million, a PE ratio of -15.38 and a beta of 0.80.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. Shenandoah Telecommunications had a negative net margin of 9.98% and a negative return on equity of 4.23%. The firm had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $90.95 million. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. On average, analysts forecast that Shenandoah Telecommunications Co will post -0.49 EPS for the current fiscal year.

Shenandoah Telecommunications Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a $0.11 dividend. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend is Friday, November 7th. This is an increase from Shenandoah Telecommunications’s previous annual dividend of $0.10. Shenandoah Telecommunications’s payout ratio is -17.46%.

Insider Transactions at Shenandoah Telecommunications

In related news, major shareholder Ecp Fiber Holdings Gp, Llc bought 13,541 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were acquired at an average cost of $13.29 per share, with a total value of $179,959.89. Following the completion of the purchase, the insider directly owned 3,455,302 shares of the company’s stock, valued at $45,920,963.58. This trade represents a 0.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Ecp Controlco, Llc bought 3,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were bought at an average price of $13.45 per share, with a total value of $40,350.00. Following the completion of the transaction, the insider owned 3,441,252 shares of the company’s stock, valued at $46,284,839.40. The trade was a 0.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 67,137 shares of company stock valued at $889,773. Corporate insiders own 4.51% of the company’s stock.

Institutional Trading of Shenandoah Telecommunications

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caxton Associates LLP bought a new stake in shares of Shenandoah Telecommunications during the 3rd quarter worth $372,000. Brevan Howard Capital Management LP lifted its stake in Shenandoah Telecommunications by 79.8% during the third quarter. Brevan Howard Capital Management LP now owns 34,009 shares of the utilities provider’s stock worth $456,000 after purchasing an additional 15,099 shares during the last quarter. Aquatic Capital Management LLC increased its position in shares of Shenandoah Telecommunications by 31.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 34,696 shares of the utilities provider’s stock valued at $466,000 after purchasing an additional 8,319 shares during the last quarter. Creative Planning raised its holdings in shares of Shenandoah Telecommunications by 8.1% during the 3rd quarter. Creative Planning now owns 76,244 shares of the utilities provider’s stock valued at $1,023,000 after buying an additional 5,735 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in Shenandoah Telecommunications by 86.9% in the 3rd quarter. Two Sigma Investments LP now owns 206,048 shares of the utilities provider’s stock worth $2,765,000 after buying an additional 95,823 shares during the last quarter. Hedge funds and other institutional investors own 61.96% of the company’s stock.

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.