Campbell & CO Investment Adviser LLC Buys 19,211 Shares of Shenandoah Telecommunications (NASDAQ:SHEN)

Campbell & CO Investment Adviser LLC raised its stake in Shenandoah Telecommunications (NASDAQ:SHENFree Report) by 119.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,357 shares of the utilities provider’s stock after purchasing an additional 19,211 shares during the period. Campbell & CO Investment Adviser LLC owned 0.07% of Shenandoah Telecommunications worth $764,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in Shenandoah Telecommunications in the 4th quarter valued at about $27,000. Quest Partners LLC bought a new position in shares of Shenandoah Telecommunications during the fourth quarter worth approximately $41,000. HTLF Bank acquired a new stake in Shenandoah Telecommunications during the 4th quarter worth approximately $203,000. Victory Capital Management Inc. acquired a new position in Shenandoah Telecommunications in the 4th quarter valued at $236,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Shenandoah Telecommunications by 17.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,944 shares of the utilities provider’s stock worth $280,000 after buying an additional 1,899 shares during the period. 61.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHEN. StockNews.com raised shares of Shenandoah Telecommunications to a “sell” rating in a research report on Thursday, May 23rd. BWS Financial reiterated a “buy” rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Monday, May 6th.

Get Our Latest Stock Analysis on SHEN

Shenandoah Telecommunications Stock Down 2.2 %

Shares of NASDAQ SHEN opened at $18.41 on Friday. The stock has a market capitalization of $1.00 billion, a P/E ratio of 4.25 and a beta of 0.72. The stock’s fifty day moving average is $16.13 and its 200 day moving average is $18.77. Shenandoah Telecommunications has a 52 week low of $11.87 and a 52 week high of $25.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 4.68 and a current ratio of 4.68.

Shenandoah Telecommunications (NASDAQ:SHENGet Free Report) last released its earnings results on Friday, May 3rd. The utilities provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $69.25 million during the quarter, compared to the consensus estimate of $71.52 million. Shenandoah Telecommunications had a net margin of 77.44% and a return on equity of 0.27%. Sell-side analysts forecast that Shenandoah Telecommunications will post -0.13 earnings per share for the current fiscal year.

Insider Activity at Shenandoah Telecommunications

In other Shenandoah Telecommunications news, CEO Christopher E. French bought 11,000 shares of Shenandoah Telecommunications stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $14.69 per share, with a total value of $161,590.00. Following the acquisition, the chief executive officer now owns 319,750 shares in the company, valued at approximately $4,697,127.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Shenandoah Telecommunications news, CEO Christopher E. French bought 11,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of $14.69 per share, with a total value of $161,590.00. Following the completion of the purchase, the chief executive officer now owns 319,750 shares in the company, valued at $4,697,127.50. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Richard W. Mason, Jr. purchased 2,000 shares of Shenandoah Telecommunications stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $14.73 per share, for a total transaction of $29,460.00. Following the completion of the purchase, the senior vice president now owns 14,501 shares in the company, valued at approximately $213,599.73. The disclosure for this purchase can be found here. Insiders have bought 24,463 shares of company stock valued at $363,095 over the last three months. 4.37% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Shenandoah Telecommunications (NASDAQ:SHEN)

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