Financial Engines Advisors L.L.C. Makes New Investment in Shenandoah Telecommunications (NASDAQ:SHEN)

Financial Engines Advisors L.L.C. acquired a new stake in shares of Shenandoah Telecommunications (NASDAQ:SHEN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,055 shares of the utilities provider’s stock, valued at approximately $190,000.

A number of other institutional investors have also made changes to their positions in the stock. Private Advisor Group LLC bought a new stake in Shenandoah Telecommunications during the fourth quarter valued at about $2,379,000. DAVENPORT & Co LLC lifted its position in shares of Shenandoah Telecommunications by 16.1% during the 4th quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock worth $12,770,000 after purchasing an additional 140,314 shares during the last quarter. FMR LLC boosted its stake in Shenandoah Telecommunications by 211.9% during the 3rd quarter. FMR LLC now owns 105,789 shares of the utilities provider’s stock valued at $1,493,000 after purchasing an additional 71,868 shares during the period. Vanguard Group Inc. boosted its stake in Shenandoah Telecommunications by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider’s stock valued at $69,731,000 after purchasing an additional 68,133 shares during the period. Finally, Natural Investments LLC acquired a new stake in Shenandoah Telecommunications in the 4th quarter valued at approximately $854,000. 61.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHEN. BWS Financial reiterated a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a report on Tuesday, February 25th. StockNews.com upgraded shares of Shenandoah Telecommunications to a “sell” rating in a research note on Wednesday, March 19th.

Shenandoah Telecommunications Stock Down 5.5 %

NASDAQ SHEN opened at $12.74 on Friday. Shenandoah Telecommunications has a twelve month low of $9.77 and a twelve month high of $21.89. The stock has a market cap of $698.87 million, a PE ratio of 3.36 and a beta of 0.71. The firm has a 50-day simple moving average of $11.67 and a 200 day simple moving average of $12.89. 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 (NASDAQ:SHEN) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The firm had revenue of $85.41 million during the quarter, compared to the consensus estimate of $89.65 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. On average, research analysts forecast that Shenandoah Telecommunications will post -0.49 EPS for the current year.

Shenandoah Telecommunications 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.