Jane Street Group LLC Lowers Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Jane Street Group LLC cut its position in Shenandoah Telecommunications (NASDAQ:SHEN) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,852 shares of the utilities provider’s stock after selling 1,851 shares during the quarter. Jane Street Group LLC owned about 0.17% of Shenandoah Telecommunications worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nebula Research & Development LLC raised its holdings in shares of Shenandoah Telecommunications by 5.5% during the 4th quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider’s stock valued at $278,000 after buying an additional 1,147 shares in the last quarter. PAX Financial Group LLC raised its holdings 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 valued at $468,000 after buying an additional 1,353 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Shenandoah Telecommunications by 11.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider’s stock valued at $173,000 after buying an additional 1,380 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Shenandoah Telecommunications by 5.9% during the 4th quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider’s stock valued at $485,000 after buying an additional 2,143 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Shenandoah Telecommunications by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,668 shares of the utilities provider’s stock valued at $677,000 after buying an additional 2,518 shares in the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHEN has been the topic of a number of analyst reports. StockNews.com upgraded shares of Shenandoah Telecommunications to a “sell” rating in a research report on Thursday, May 8th. BWS Financial reiterated a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research report on Thursday, May 1st.

Shenandoah Telecommunications Price Performance

Shares of Shenandoah Telecommunications stock opened at $11.31 on Wednesday. The business’s 50 day simple moving average is $12.40 and its two-hundred day simple moving average is $12.33. Shenandoah Telecommunications has a one year low of $9.77 and a one year high of $21.89. The stock has a market capitalization of $620.43 million, a P/E ratio of 2.98 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The firm had revenue of $87.90 million during the quarter, compared to analysts’ expectations of $89.31 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. Analysts forecast that Shenandoah Telecommunications will post -0.49 EPS for the current year.

About Shenandoah Telecommunications

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.