1 week Ago By Defense World Staff
Invesco Ltd. raised its stake in Shenandoah Telecommunications ( NASDAQ:SHEN – Free Report ) by 66.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The institutional investor owned 239,856 shares of the utilities provider’s stock after buying an additional 96,006 shares during the quarter. Invesco Ltd. owned about 0.
44% of Shenandoah Telecommunications worth $3,025,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently made changes to their positions in the company. PAX Financial Group LLC raised its holdings in shares of Shenandoah Telecommunications by 3.
8% during the fourth 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 period. LPL Financial LLC lifted its holdings in shares of Shenandoah Telecommunications by 5.
9% in the fourth 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 in the last quarter. Versant Capital Management Inc boosted its position in shares of Shenandoah Telecommunications by 10,890.
9% during the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock worth $30,000 after buying an additional 2,396 shares during the period. Inspire Investing LLC boosted its position in shares of Shenandoah Telecommunications by 9.
7% during the fourth quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider’s stock worth $401,000 after buying an additional 2,819 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Shenandoah Telecommunications by 456.
8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock worth $53,000 after buying an additional 3,531 shares in the last quarter. Institutional investors and hedge funds own 61.
96% of the company’s stock. Wall Street Analysts Forecast Growth A number of research firms have weighed in on SHEN. StockNews.
com raised Shenandoah Telecommunications to a “sell” rating in a research report on Friday, April 11th. BWS Financial restated a “buy” rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a report on Tuesday, February 25th.
Shenandoah Telecommunications Price Performance NASDAQ:SHEN opened at $12.73 on Monday. Shenandoah Telecommunications has a 52-week low of $9.
77 and a 52-week high of $21.89. The company has a market cap of $698.
32 million, a P/E ratio of 3.36 and a beta of 0.81.
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 stock’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $12.
60. Shenandoah Telecommunications ( NASDAQ:SHEN – Get Free Report ) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.
11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07).
The company had revenue of $85.41 million for the quarter, compared to analyst estimates 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 EPS for the current fiscal year. Shenandoah Telecommunications Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Shenandoah Telecommunications How to start investing in penny stocks Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery Value Investing: Is it a Good Strategy in 2022? (Hint: Always) O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors What is MarketRankTM? How to Use it Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Receive News & Ratings for Shenandoah Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shenandoah Telecommunications and related companies with MarketBeat.
com's FREE daily email newsletter ..
