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

Natural Investments LLC bought 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 firm bought 67,778 shares of the utilities provider’s stock, valued at approximately $854,000. Natural Investments LLC owned 0.12% of Shenandoah Telecommunications as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in 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 during the period. Inspire Investing LLC increased its position in Shenandoah Telecommunications by 9.7% during the 4th quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 2,819 shares during the period. Smartleaf Asset Management LLC increased its position 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 valued at $53,000 after purchasing an additional 3,531 shares during the period. GAMMA Investing LLC increased its position in 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 during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Shenandoah Telecommunications by 4.1% in the 4th quarter. Rhumbline Advisers now owns 150,079 shares of the utilities provider’s stock valued at $1,892,000 after buying an additional 5,862 shares in the last quarter. Hedge funds and other institutional investors own 61.96% of the company’s stock.

Shenandoah Telecommunications Stock Up 3.4 %

NASDAQ:SHEN opened at $12.18 on Wednesday. Shenandoah Telecommunications has a fifty-two week low of $9.77 and a fifty-two week high of $21.89. The stock has a market capitalization of $665.92 million, a P/E ratio of 3.21 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. The company’s 50-day simple moving average is $11.55 and its 200-day simple moving average is $13.08.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results 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 company had revenue of $85.41 million during the quarter, compared to analyst estimates of $89.65 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. On average, equities analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.