Cooper Investors PTY Ltd. Purchases 425,582 Shares of Shenandoah Telecommunications Co $SHEN

Cooper Investors PTY Ltd. raised its position in Shenandoah Telecommunications Co (NASDAQ:SHEN) by 81.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 950,951 shares of the utilities provider’s stock after acquiring an additional 425,582 shares during the period. Shenandoah Telecommunications comprises 3.7% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 8th biggest position. Cooper Investors PTY Ltd. owned about 1.73% of Shenandoah Telecommunications worth $10,993,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ECP ControlCo LLC raised its holdings in shares of Shenandoah Telecommunications by 10.7% in the second quarter. ECP ControlCo LLC now owns 2,714,371 shares of the utilities provider’s stock valued at $37,078,000 after purchasing an additional 261,987 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Shenandoah Telecommunications by 51.3% in the second quarter. American Century Companies Inc. now owns 739,551 shares of the utilities provider’s stock worth $10,102,000 after purchasing an additional 250,901 shares in the last quarter. Invesco Ltd. boosted its holdings in Shenandoah Telecommunications by 103.7% during the second quarter. Invesco Ltd. now owns 447,553 shares of the utilities provider’s stock worth $6,114,000 after purchasing an additional 227,789 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Shenandoah Telecommunications by 187.2% during the third quarter. Bridgeway Capital Management LLC now owns 330,890 shares of the utilities provider’s stock worth $4,441,000 after purchasing an additional 215,668 shares during the last quarter. Finally, Millennium Management LLC grew its position in Shenandoah Telecommunications by 48.3% in the first quarter. Millennium Management LLC now owns 448,976 shares of the utilities provider’s stock valued at $5,644,000 after purchasing an additional 146,221 shares in the last quarter. Institutional investors and hedge funds own 61.96% of the company’s stock.

Shenandoah Telecommunications Price Performance

NASDAQ:SHEN opened at $14.69 on Monday. Shenandoah Telecommunications Co has a 1-year low of $9.66 and a 1-year high of $15.92. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $13.29 and a 200 day simple moving average of $12.49. The stock has a market capitalization of $812.36 million, a PE ratio of -21.60 and a beta of 0.79.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Thursday, February 26th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.10. The firm had revenue of $91.59 million for the quarter, compared to analyst estimates of $90.03 million. Shenandoah Telecommunications had a negative net margin of 10.04% and a negative return on equity of 4.01%. On average, research analysts expect that Shenandoah Telecommunications Co will post -0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SHEN has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Shenandoah Telecommunications in a research note on Thursday, January 22nd. BWS Financial restated a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Monday, March 2nd. Finally, Wall Street Zen raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.00.

Shenandoah Telecommunications Profile

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.