Natural Investments LLC Acquires Shares of 67,778 Shenandoah Telecommunications (NASDAQ:SHEN)

Natural Investments LLC acquired a new stake in shares of Shenandoah Telecommunications (NASDAQ:SHEN) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,778 shares of the utilities provider’s stock, valued at approximately $854,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of Shenandoah Telecommunications by 10,890.9% during the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 2,396 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Shenandoah Telecommunications by 456.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 3,531 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Shenandoah Telecommunications by 570.2% during the 3rd quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 6,244 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Shenandoah Telecommunications by 741.0% during the 3rd quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 6,728 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Shenandoah Telecommunications by 135.2% during the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 5,013 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a “buy” rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a report on Tuesday, February 25th.

Shenandoah Telecommunications Price Performance

Shares of NASDAQ SHEN opened at $12.18 on Wednesday. The firm has a market cap of $665.92 million, a PE ratio of 3.21 and a beta of 0.71. The firm has a fifty day moving average of $11.55 and a 200 day moving average of $13.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. Shenandoah Telecommunications has a one year low of $9.77 and a one year high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $85.41 million during the quarter, compared to analysts’ expectations of $89.65 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. As a group, research analysts predict that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

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.