Shenandoah Telecommunications (NASDAQ:SHEN) VP Raymond B. Ostroski sold 10,000 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $36.77, for a total value of $367,700.00. Following the sale, the vice president now directly owns 42,314 shares of the company’s stock, valued at $1,555,885.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Shenandoah Telecommunications (SHEN) traded up $0.65 on Tuesday, reaching $38.15. The company had a trading volume of 85,174 shares, compared to its average volume of 139,242. Shenandoah Telecommunications has a 52 week low of $27.27 and a 52 week high of $41.80. The stock has a market cap of $1,825.07, a price-to-earnings ratio of 141.73 and a beta of 0.75. The company has a current ratio of 1.26, a quick ratio of 1.22 and a debt-to-equity ratio of 2.16.
Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Thursday, March 15th. The utilities provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.09. Shenandoah Telecommunications had a return on equity of 4.16% and a net margin of 10.87%. The company had revenue of $151.62 million during the quarter, compared to analyst estimates of $154.19 million. sell-side analysts predict that Shenandoah Telecommunications will post 0.37 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank increased its holdings in Shenandoah Telecommunications by 2.9% in the 4th quarter. Swiss National Bank now owns 78,572 shares of the utilities provider’s stock worth $2,656,000 after acquiring an additional 2,200 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Shenandoah Telecommunications by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 221,095 shares of the utilities provider’s stock worth $8,225,000 after purchasing an additional 11,821 shares during the period. Prudential Financial Inc. bought a new position in Shenandoah Telecommunications in the 3rd quarter worth about $1,673,000. Wells Fargo & Company MN boosted its stake in Shenandoah Telecommunications by 28.1% in the 3rd quarter. Wells Fargo & Company MN now owns 85,915 shares of the utilities provider’s stock worth $3,196,000 after purchasing an additional 18,862 shares during the period. Finally, Mawer Investment Management Ltd. boosted its stake in Shenandoah Telecommunications by 20.5% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,010,069 shares of the utilities provider’s stock worth $37,575,000 after purchasing an additional 171,670 shares during the period. 49.21% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on SHEN. BidaskClub lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Zacks Investment Research lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. TheStreet raised Shenandoah Telecommunications from a “c” rating to a “b” rating in a report on Thursday, March 15th. Finally, BWS Financial set a $50.00 price objective on Shenandoah Telecommunications and gave the stock a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.00.
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Shenandoah Telecommunications Company 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.
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