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

StockNews.com upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN) to a sell rating in a research report released on Thursday.

Separately, BWS Financial reiterated a buy rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research note on Monday, May 6th.

Shenandoah Telecommunications Stock Performance

Shenandoah Telecommunications stock opened at $17.82 on Thursday. The company has a market cap of $972.08 million, a PE ratio of 4.12 and a beta of 0.61. The company has a fifty day moving average price of $15.97 and a two-hundred day moving average price of $19.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.68 and a quick ratio of 4.68. Shenandoah Telecommunications has a 12 month low of $11.87 and a 12 month high of $25.51.

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

Insider Buying and Selling at Shenandoah Telecommunications

In related news, CEO Christopher E. French bought 11,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $14.69 per share, for a total transaction of $161,590.00. Following the completion of the purchase, the chief executive officer now owns 319,750 shares of the company’s stock, valued at approximately $4,697,127.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Christopher E. French acquired 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $14.69 per share, for a total transaction of $161,590.00. Following the completion of the purchase, 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 legal filing with the SEC, which is available at this hyperlink. Also, SVP Richard W. Mason, Jr. acquired 2,000 shares of the business’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 purchase, the senior vice president now owns 14,501 shares of the company’s stock, valued at $213,599.73. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 24,463 shares of company stock worth $363,095. 4.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Shenandoah Telecommunications

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in shares of Shenandoah Telecommunications during the fourth quarter valued at about $27,000. Quest Partners LLC bought a new stake in Shenandoah Telecommunications in the fourth quarter worth about $41,000. SG Americas Securities LLC bought a new stake in Shenandoah Telecommunications in the first quarter worth about $109,000. Aristides Capital LLC bought a new stake in Shenandoah Telecommunications in the first quarter worth about $181,000. Finally, HTLF Bank bought a new stake in Shenandoah Telecommunications in the fourth quarter worth about $203,000. 61.96% of the stock is currently owned by 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.