1 day Ago By ABMN Staff
Marshall Wace LLP acquired a new stake in Shenandoah Telecommunications ( NASDAQ:SHEN – Free Report ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 83,400 shares of the utilities provider’s stock, valued at approximately $1,052,000. Several other hedge funds have also recently bought and sold shares of SHEN.
Versant Capital Management Inc lifted its position in Shenandoah Telecommunications by 10,890.9% in the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 2,396 shares during the last quarter.
Smartleaf Asset Management LLC lifted its position in Shenandoah Telecommunications by 456.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 3,531 shares during the last quarter.
KLP Kapitalforvaltning AS bought a new stake in Shenandoah Telecommunications in the 4th quarter valued at about $101,000. GAMMA Investing LLC lifted its position in Shenandoah Telecommunications by 135.2% in the 4th quarter.
GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 5,013 shares during the last quarter. Finally, Financial Engines Advisors L.L.
C. bought a new stake in Shenandoah Telecommunications in the 4th quarter valued at about $190,000. 61.
96% of the stock is currently owned by institutional investors. Shenandoah Telecommunications Stock Up 1.5 % SHEN stock opened at $13.
02 on Wednesday. Shenandoah Telecommunications has a 52 week low of $9.77 and a 52 week high of $21.
89. The company has a market capitalization of $714.23 million, a price-to-earnings ratio of 3.
44 and a beta of 0.81. The firm’s 50-day moving average is $12.
32 and its two-hundred day moving average is $12.60. The company has a current ratio of 0.
82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44.
Analyst Ratings Changes A number of research firms have commented on SHEN. BWS Financial restated a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th.
StockNews.com upgraded shares of Shenandoah Telecommunications to a “sell” rating in a research report on Friday, April 11th. Read Our Latest Research Report on SHEN Shenandoah Telecommunications Company 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. Recommended 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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