Cooper Investors PTY Ltd. Has $10.99 Million Stake in Shenandoah Telecommunications Co $SHEN

Cooper Investors PTY Ltd. boosted its holdings in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) by 81.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 950,951 shares of the utilities provider’s stock after acquiring an additional 425,582 shares during the quarter. Shenandoah Telecommunications accounts for approximately 3.7% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 8th largest position. Cooper Investors PTY Ltd.’s holdings in Shenandoah Telecommunications were worth $10,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in shares of Shenandoah Telecommunications by 11,367.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,243 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 4,206 shares during the period. State of Wyoming acquired a new position in shares of Shenandoah Telecommunications during the 2nd quarter worth approximately $65,000. iSAM Funds UK Ltd bought a new stake in Shenandoah Telecommunications in the 3rd quarter valued at $67,000. Tower Research Capital LLC TRC raised its stake in Shenandoah Telecommunications by 80.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 2,228 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Shenandoah Telecommunications by 223.8% during the 3rd quarter. Quantbot Technologies LP now owns 5,501 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 3,802 shares during the last quarter. Institutional investors own 61.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BWS Financial reaffirmed a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Monday, March 2nd. Wall Street Zen raised shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Shenandoah Telecommunications in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Shenandoah Telecommunications has a consensus rating of “Hold” and an average price target of $26.00.

Shenandoah Telecommunications Price Performance

Shares of NASDAQ SHEN opened at $14.69 on Monday. The firm has a market cap of $812.36 million, a P/E ratio of -21.60 and a beta of 0.79. The business’s 50 day moving average is $13.29 and its 200-day moving average is $12.49. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.71. Shenandoah Telecommunications Co has a 1-year low of $9.66 and a 1-year high of $15.92.

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

Shenandoah Telecommunications Company 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.