Shenandoah Telecommunications (NASDAQ:SHEN) Trading Up 5.3% – Should You Buy?

Shares of Shenandoah Telecommunications (NASDAQ:SHEN) were up 5.3% on Tuesday . The stock traded as high as $12.83 and last traded at $12.71. Approximately 137,009 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 235,499 shares. The stock had previously closed at $12.06.

Analyst Ratings Changes

SHEN has been the subject of a number of recent analyst reports. BWS Financial reiterated a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research 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 Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79. The business has a fifty day moving average of $11.80 and a 200-day moving average of $12.73. The stock has a market capitalization of $681.75 million, a price-to-earnings ratio of 3.28 and a beta of 0.81.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. The business had revenue of $85.41 million during the quarter, compared to analyst estimates of $89.65 million. On average, equities analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SHEN. Versant Capital Management Inc raised its position in shares of Shenandoah Telecommunications by 10,890.9% during the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 2,396 shares during the period. Smartleaf Asset Management LLC raised its holdings in Shenandoah Telecommunications by 456.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock worth $53,000 after buying an additional 3,531 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Shenandoah Telecommunications during the 4th quarter worth about $101,000. GAMMA Investing LLC lifted its stake in Shenandoah Telecommunications by 135.2% during the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock valued at $110,000 after buying an additional 5,013 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Shenandoah Telecommunications in the fourth quarter worth about $126,000. Institutional investors own 61.96% of the company’s stock.

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.