Shenandoah Telecommunications (NASDAQ:SHEN) Sets New 1-Year Low – Time to Sell?

Shares of Shenandoah Telecommunications (NASDAQ:SHEN) hit a new 52-week low during trading on Wednesday . The company traded as low as $11.02 and last traded at $11.09, with a volume of 173 shares traded. The stock had previously closed at $11.11.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Wednesday, November 13th.

Shenandoah Telecommunications Trading Down 1.2 %

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $12.61 and a 200 day simple moving average of $14.37. The firm has a market cap of $583.67 million, a PE ratio of 2.75 and a beta of 0.63.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $87.60 million for the quarter, compared to analyst estimates of $88.80 million. Shenandoah Telecommunications had a negative return on equity of 1.45% and a net margin of 62.67%. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, sell-side analysts forecast that Shenandoah Telecommunications will post -0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its position in shares of Shenandoah Telecommunications by 4.1% during the fourth quarter. Rhumbline Advisers now owns 150,079 shares of the utilities provider’s stock worth $1,892,000 after buying an additional 5,862 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Shenandoah Telecommunications by 16.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock worth $12,770,000 after purchasing an additional 140,314 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in shares of Shenandoah Telecommunications in the 4th quarter valued at approximately $252,000. Inspire Investing LLC boosted its position in Shenandoah Telecommunications by 9.7% during the fourth quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider’s stock worth $401,000 after purchasing an additional 2,819 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Shenandoah Telecommunications by 135.2% during the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock worth $110,000 after buying an additional 5,013 shares in the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

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.