Shenandoah Telecommunications Co (NASDAQ:SHEN) Shares Bought by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. raised its stake in Shenandoah Telecommunications Co (NASDAQ:SHEN) by 20.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,010,069 shares of the utilities provider’s stock after purchasing an additional 171,670 shares during the period. Mawer Investment Management Ltd. owned 2.05% of Shenandoah Telecommunications worth $37,575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its position in shares of Shenandoah Telecommunications by 9.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,079 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 347 shares during the last quarter. Pacad Investment Ltd. increased its position in shares of Shenandoah Telecommunications by 5.0% in the 2nd quarter. Pacad Investment Ltd. now owns 4,200 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 200 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Shenandoah Telecommunications in the 3rd quarter worth about $138,000. BNP Paribas Arbitrage SA increased its position in shares of Shenandoah Telecommunications by 790.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,521 shares of the utilities provider’s stock worth $169,000 after purchasing an additional 4,901 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC increased its position in shares of Shenandoah Telecommunications by 5.5% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 5,800 shares of the utilities provider’s stock worth $178,000 after purchasing an additional 300 shares during the last quarter. 52.64% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on SHEN. BidaskClub downgraded shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine raised shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, TheStreet downgraded shares of Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

In other Shenandoah Telecommunications news, insider Earle A. Mackenzie sold 46,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $38.93, for a total transaction of $1,790,780.00. Following the completion of the transaction, the insider now directly owns 118,047 shares of the company’s stock, valued at approximately $4,595,569.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.24% of the company’s stock.

Shares of Shenandoah Telecommunications Co (SHEN) traded down $1.05 during trading hours on Thursday, hitting $34.45. 227,595 shares of the company were exchanged, compared to its average volume of 179,494. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 2.60. Shenandoah Telecommunications Co has a twelve month low of $25.35 and a twelve month high of $41.80. The company has a market cap of $1,825.26, a P/E ratio of 148.20 and a beta of 0.67.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $151.80 million during the quarter, compared to analyst estimates of $153.64 million. Shenandoah Telecommunications had a net margin of 0.91% and a return on equity of 4.04%. Shenandoah Telecommunications’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) EPS. analysts expect that Shenandoah Telecommunications Co will post 0.16 earnings per share for the current fiscal year.

The company also recently announced an annual dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were paid a dividend of $0.26 per share. This represents a yield of 0.65%. This is a positive change from Shenandoah Telecommunications’s previous annual dividend of $0.25. The ex-dividend date was Thursday, November 2nd. Shenandoah Telecommunications’s payout ratio is presently 216.67%.

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Shenandoah Telecommunications Profile

Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.

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

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