Shenandoah Telecommunications (NASDAQ:SHEN) Holdings Lowered by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its holdings in Shenandoah Telecommunications (NASDAQ:SHEN) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,341 shares of the utilities provider’s stock after selling 2,669 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.06% of Shenandoah Telecommunications worth $383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of Shenandoah Telecommunications by 456.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 3,531 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Shenandoah Telecommunications in the fourth quarter worth $101,000. Tower Research Capital LLC TRC lifted its stake in shares of Shenandoah Telecommunications by 11.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider’s stock worth $173,000 after buying an additional 1,380 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new position in Shenandoah Telecommunications during the 4th quarter valued at $190,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Shenandoah Telecommunications during the 4th quarter valued at $201,000. 61.96% of the stock is currently owned by institutional investors.

Shenandoah Telecommunications Stock Down 0.4%

Shares of NASDAQ:SHEN opened at $11.26 on Tuesday. The company has a 50 day moving average price of $12.30 and a two-hundred day moving average price of $12.24. 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 company has a market capitalization of $617.69 million, a PE ratio of 2.97 and a beta of 0.82. Shenandoah Telecommunications has a 52 week low of $9.77 and a 52 week high of $21.89.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SHEN. BWS Financial reissued a “buy” rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a report on Thursday, May 1st. Wall Street Zen raised shares of Shenandoah Telecommunications to a “sell” rating in a report on Thursday, May 8th.

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.