NumerixS Investment Technologies Inc boosted its stake in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 633.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the utilities provider’s stock after acquiring an additional 1,900 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Shenandoah Telecommunications were worth $98,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in shares of Shenandoah Telecommunications by 88.1% in the fourth quarter. FMR LLC now owns 841,098 shares of the utilities provider’s stock valued at $37,218,000 after buying an additional 393,942 shares in the last quarter. Norges Bank purchased a new stake in shares of Shenandoah Telecommunications in the fourth quarter valued at approximately $37,146,000. Geode Capital Management LLC increased its position in shares of Shenandoah Telecommunications by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 530,558 shares of the utilities provider’s stock valued at $23,476,000 after buying an additional 32,327 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Shenandoah Telecommunications by 72.3% in the fourth quarter. Prudential Financial Inc. now owns 341,143 shares of the utilities provider’s stock valued at $15,095,000 after buying an additional 143,156 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Shenandoah Telecommunications by 26.6% in the fourth quarter. Millennium Management LLC now owns 225,315 shares of the utilities provider’s stock valued at $9,970,000 after buying an additional 47,362 shares in the last quarter. Institutional investors and hedge funds own 48.94% of the company’s stock.

Shares of NASDAQ:SHEN opened at $38.99 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.52 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $1.94 billion, a PE ratio of 37.13 and a beta of 0.45. Shenandoah Telecommunications has a 1 year low of $31.10 and a 1 year high of $51.41.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. The firm had revenue of $158.84 million for the quarter, compared to analyst estimates of $163.97 million. Shenandoah Telecommunications had a return on equity of 11.86% and a net margin of 8.23%. Research analysts anticipate that Shenandoah Telecommunications will post 1.24 EPS for the current fiscal year.

A number of research firms have recently commented on SHEN. TheStreet cut Shenandoah Telecommunications from a “b-” rating to a “c” rating in a research report on Tuesday, May 28th. Macquarie restated a “hold” rating and issued a $47.00 price objective on shares of Shenandoah Telecommunications in a research report on Sunday, May 12th. Zacks Investment Research upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. BidaskClub cut Shenandoah Telecommunications from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 18th. Finally, ValuEngine cut Shenandoah Telecommunications from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Shenandoah Telecommunications has an average rating of “Hold” and an average target price of $50.67.

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About Shenandoah Telecommunications

Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.

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Institutional Ownership by Quarter for Shenandoah Telecommunications (NASDAQ:SHEN)

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