Shenandoah Telecommunications Co $SHEN Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC boosted its stake in Shenandoah Telecommunications Co (NASDAQ:SHEN) by 31.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 198,530 shares of the utilities provider’s stock after acquiring an additional 47,100 shares during the quarter. Gabelli Funds LLC owned 0.36% of Shenandoah Telecommunications worth $2,295,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in 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 purchasing an additional 4,206 shares during the last quarter. State of Wyoming acquired a new position in shares of Shenandoah Telecommunications during the 2nd quarter valued at about $65,000. Tower Research Capital LLC TRC boosted its position in shares of Shenandoah Telecommunications by 80.6% during 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 last quarter. iSAM Funds UK Ltd acquired a new position in shares of Shenandoah Telecommunications during the 3rd quarter valued at about $67,000. Finally, Quantbot Technologies LP boosted its position in shares of 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 acquiring an additional 3,802 shares during the last quarter. Institutional investors and hedge funds own 61.96% of the company’s stock.

Shenandoah Telecommunications Stock Performance

Shares of Shenandoah Telecommunications stock opened at $15.88 on Friday. Shenandoah Telecommunications Co has a one year low of $9.66 and a one year high of $17.34. The company has a market cap of $878.16 million, a PE ratio of -19.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50-day simple moving average of $15.50 and a 200-day simple moving average of $13.15.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Friday, May 1st. The utilities provider reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). Shenandoah Telecommunications had a negative return on equity of 4.64% and a negative net margin of 11.35%.The company had revenue of $92.15 million for the quarter, compared to analyst estimates of $91.34 million. On average, equities research analysts forecast that Shenandoah Telecommunications Co will post -1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SHEN shares. BWS Financial reissued a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Monday, May 4th. Craig Hallum started coverage on shares of Shenandoah Telecommunications in a research report on Thursday, April 9th. They set a “buy” rating and a $29.00 price target on the stock. Wall Street Zen cut shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings cut shares of Shenandoah Telecommunications from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.50.

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.