Shenandoah Telecommunications (NASDAQ:SHEN) Shares Sold by Cwm LLC

Cwm LLC lessened its position in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,699 shares of the utilities provider’s stock after selling 3,868 shares during the quarter. Cwm LLC owned approximately 0.14% of Shenandoah Telecommunications worth $1,485,000 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. HTLF Bank purchased a new stake in Shenandoah Telecommunications during the 4th quarter worth about $203,000. Handelsbanken Fonder AB purchased a new stake in Shenandoah Telecommunications during the 3rd quarter worth about $205,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Shenandoah Telecommunications by 17.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,045 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 1,674 shares in the last quarter. 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 purchasing an additional 1,899 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Shenandoah Telecommunications during the 3rd quarter worth about $333,000. Institutional investors and hedge funds own 61.96% of the company’s stock.

Shenandoah Telecommunications Stock Down 4.0 %

SHEN opened at $13.39 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $675.53 million, a price-to-earnings ratio of 83.69 and a beta of 0.52. The business has a 50-day moving average of $16.96 and a two-hundred day moving average of $20.05. Shenandoah Telecommunications has a 12 month low of $13.33 and a 12 month high of $25.51.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. Shenandoah Telecommunications had a return on equity of 1.24% and a net margin of 2.80%. The company had revenue of $72.51 million during the quarter, compared to analysts’ expectations of $71.85 million. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, research analysts expect that Shenandoah Telecommunications will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, BWS Financial upgraded Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Monday, March 4th.

Shenandoah Telecommunications Company Profile

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.