Shenandoah Telecommunications (NASDAQ:SHEN) Upgraded to “Sell” at StockNews.com
StockNews.com upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN – Free Report) to a sell rating in a research note published on Thursday morning.
Separately, BWS Financial reaffirmed a buy rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a report on Monday, May 6th.
Check Out Our Latest Stock Report on SHEN
Shenandoah Telecommunications Stock Performance
Shenandoah Telecommunications stock opened at $17.72 on Thursday. The stock has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $19.15. The stock has a market capitalization of $966.63 million, a price-to-earnings ratio of 4.09 and a beta of 0.61. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.33. Shenandoah Telecommunications has a 12-month low of $11.87 and a 12-month high of $25.51.
Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Shenandoah Telecommunications had a return on equity of 0.27% and a net margin of 77.44%. The firm had revenue of $72.51 million during the quarter, compared to analyst estimates of $71.85 million. During the same period last year, the company earned ($0.04) earnings per share. On average, research analysts anticipate that Shenandoah Telecommunications will post -0.13 earnings per share for the current fiscal year.
Insider Activity at Shenandoah Telecommunications
In other news, CEO Christopher E. French bought 11,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of $14.69 per share, with a total value 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 $4,697,127.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Shenandoah Telecommunications news, CEO Christopher E. French bought 11,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $14.69 per share, with a total value of $161,590.00. Following the completion of the purchase, the chief executive officer now owns 319,750 shares in the company, valued at $4,697,127.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Edward H. Mckay purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $14.95 per share, for a total transaction of $149,500.00. Following the transaction, the chief operating officer now owns 66,951 shares of the company’s stock, valued at $1,000,917.45. The disclosure for this purchase can be found here. Insiders have bought 24,463 shares of company stock worth $363,095 in the last ninety days. Company insiders own 4.37% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in Shenandoah Telecommunications in the 4th quarter valued at $27,000. Quest Partners LLC bought a new stake in shares of Shenandoah Telecommunications in the fourth quarter valued at about $41,000. SG Americas Securities LLC acquired a new position in shares of Shenandoah Telecommunications during the first quarter worth about $109,000. Aristides Capital LLC bought a new position in shares of Shenandoah Telecommunications during the first quarter worth about $181,000. Finally, HTLF Bank acquired a new stake in Shenandoah Telecommunications in the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 61.96% of the company’s stock.
Shenandoah Telecommunications Company Profile
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.
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