1 week Ago By ABMN Staff
Invesco Ltd. raised its holdings in shares of Shenandoah Telecommunications ( NASDAQ:SHEN – Free Report ) by 66.7% in the 4th quarter, HoldingsChannel reports.
The firm owned 239,856 shares of the utilities provider’s stock after buying an additional 96,006 shares during the period. Invesco Ltd.’s holdings in Shenandoah Telecommunications were worth $3,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 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 buying an additional 1,353 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Shenandoah Telecommunications by 42.
5% during the fourth quarter. JPMorgan Chase & Co. now owns 219,276 shares of the utilities provider’s stock worth $2,765,000 after acquiring an additional 65,426 shares during the last quarter.
Financial Engines Advisors L.L.C.
acquired a new stake in Shenandoah Telecommunications during the fourth quarter worth approximately $190,000. Vanguard Group Inc. grew its position in shares of Shenandoah Telecommunications by 1.
2% in the fourth quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider’s stock valued at $69,731,000 after purchasing an additional 68,133 shares during the last quarter.
Finally, LPL Financial LLC increased its stake in shares of Shenandoah Telecommunications by 5.9% during the fourth quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider’s stock worth $485,000 after purchasing an additional 2,143 shares during the period.
61.96% of the stock is currently owned by institutional investors and hedge funds. Shenandoah Telecommunications Stock Performance Shares of Shenandoah Telecommunications stock opened at $12.
73 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.
79 and a debt-to-equity ratio of 0.44. The company has a market cap of $698.
32 million, a PE ratio of 3.36 and a beta of 0.81.
The company has a 50 day moving average of $12.25 and a 200-day moving average of $12.60.
Shenandoah Telecommunications has a 1-year low of $9.77 and a 1-year high of $21.89.
Analyst Upgrades and Downgrades Several analysts recently weighed in on SHEN shares. BWS Financial reissued a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a report on Tuesday, February 25th.
StockNews.com raised Shenandoah Telecommunications to a “sell” rating in a report on Friday, April 11th. Read Our Latest Report on SHEN About Shenandoah Telecommunications ( 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 Want to see what other hedge funds are holding SHEN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Shenandoah Telecommunications ( NASDAQ:SHEN – Free Report ). 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 .
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