Shenandoah Telecommunications (NASDAQ:SHEN) Raised to Sell at StockNews.com

Shenandoah Telecommunications (NASDAQ:SHEN) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Tuesday.

Separately, BWS Financial reissued a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a report on Monday, May 6th.

Shenandoah Telecommunications Stock Performance

Shares of SHEN stock traded up $0.49 during midday trading on Tuesday, hitting $21.01. The company had a trading volume of 160,341 shares, compared to its average volume of 172,008. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.68 and a quick ratio of 4.68. The company’s 50 day simple moving average is $17.70 and its 200 day simple moving average is $17.66. Shenandoah Telecommunications has a 52-week low of $11.87 and a 52-week high of $25.51. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 4.85 and a beta of 0.73.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Friday, May 3rd. The utilities provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Shenandoah Telecommunications had a return on equity of 0.27% and a net margin of 77.44%. The firm had revenue of $69.25 million for the quarter, compared to analysts’ expectations of $71.52 million. Research analysts anticipate that Shenandoah Telecommunications will post -0.13 earnings per share for the current fiscal year.

Insider Transactions at Shenandoah Telecommunications

In related news, CEO Christopher E. French purchased 11,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of $14.69 per share, for a total transaction of $161,590.00. Following the acquisition, the chief executive officer now directly owns 319,750 shares in the company, valued at $4,697,127.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Shenandoah Telecommunications news, CEO Christopher E. French bought 11,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $14.69 per share, with a total value of $161,590.00. Following the purchase, the chief executive officer now owns 319,750 shares in the company, valued at approximately $4,697,127.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Richard W. Mason, Jr. bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $14.73 per share, for a total transaction of $29,460.00. Following the completion of the acquisition, 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 purchased a total of 37,650 shares of company stock worth $577,135 in the last three months. Company insiders own 4.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Shenandoah Telecommunications by 90.8% during the first quarter. GAMMA Investing LLC now owns 2,484 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 1,182 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Shenandoah Telecommunications by 5.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,869 shares of the utilities provider’s stock worth $473,000 after buying an additional 1,219 shares during the period. Gamco Investors INC. ET AL grew its holdings in Shenandoah Telecommunications by 1.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 105,726 shares of the utilities provider’s stock worth $1,836,000 after buying an additional 1,726 shares in the last quarter. Quest Partners LLC bought a new position in Shenandoah Telecommunications in the 4th quarter worth approximately $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 valued at $280,000 after acquiring an additional 1,899 shares in the last quarter. Institutional investors own 61.96% of the company’s stock.

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.