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Teacher Retirement System of Texas lifted its position in shares of Shenandoah Telecommunications (NASDAQ:SHEN – Get Rating) by 27.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,088 shares of the utilities provider’s stock after buying an additional 14,979 shares during the period. Teacher Retirement System of Texas owned approximately 0.14% of Shenandoah Telecommunications worth $1,193,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of Shenandoah Telecommunications by 8.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,865 shares of the utilities provider’s stock worth $355,000 after buying an additional 1,587 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Shenandoah Telecommunications during the 3rd quarter worth $952,000. Strs Ohio increased its holdings in shares of Shenandoah Telecommunications by 21.8% during the 3rd quarter. Strs Ohio now owns 39,600 shares of the utilities provider’s stock worth $673,000 after buying an additional 7,100 shares during the last quarter. Versor Investments LP increased its holdings in shares of Shenandoah Telecommunications by 95.7% during the 3rd quarter. Versor Investments LP now owns 27,400 shares of the utilities provider’s stock worth $466,000 after buying an additional 13,400 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Shenandoah Telecommunications during the 3rd quarter worth $407,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.
Shenandoah Telecommunications Price Performance
Shares of NASDAQ SHEN opened at $19.55 on Wednesday. Shenandoah Telecommunications has a 12-month low of $15.62 and a 12-month high of $25.93. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $17.83 and a 200 day moving average price of $19.39.
Shenandoah Telecommunications (NASDAQ:SHEN – Get Rating) last announced its earnings results on Wednesday, November 2nd. The utilities provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). The business had revenue of $66.92 million for the quarter, compared to analyst estimates of $65.94 million. Shenandoah Telecommunications had a negative net margin of 1.98% and a positive return on equity of 0.05%. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, analysts expect that Shenandoah Telecommunications will post -0.09 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on SHEN shares. StockNews.com upgraded Shenandoah Telecommunications to a “sell” rating in a report on Friday, January 13th. BWS Financial lowered their price target on Shenandoah Telecommunications from $16.00 to $15.00 and set a “sell” rating for the company in a report on Monday, November 7th.
Shenandoah Telecommunications Profile
(Get Rating)
Shenandoah Telecommunications Co operates as a holding company, which engages in the provision of regulated and unregulated telecommunication services to end-user customers and other telecommunications providers. It offers voice, video and data communications services. It operates through the following segments: Broadband and Tower.
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