Shentel (SHEN) Position Boosted by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Shentel (NASDAQ:SHEN) by 136.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 107,274 shares of the utilities provider’s stock after buying an additional 61,966 shares during the period. Deutsche Bank AG owned 0.22% of Shentel worth $3,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Campbell Newman Asset Management Inc. increased its position in Shentel by 22.4% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 10,057 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 1,841 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Shentel by 0.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 221,543 shares of the utilities provider’s stock worth $7,488,000 after purchasing an additional 2,063 shares during the last quarter. Swiss National Bank increased its position in Shentel by 2.9% during the fourth quarter. Swiss National Bank now owns 78,572 shares of the utilities provider’s stock worth $2,656,000 after purchasing an additional 2,200 shares during the last quarter. Legal & General Group Plc increased its position in Shentel by 14.5% during the third quarter. Legal & General Group Plc now owns 22,014 shares of the utilities provider’s stock worth $820,000 after purchasing an additional 2,782 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Shentel by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 412,327 shares of the utilities provider’s stock worth $13,936,000 after purchasing an additional 3,545 shares during the last quarter. 48.98% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages recently commented on SHEN. Zacks Investment Research raised shares of Shentel from a “sell” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research report on Thursday, March 22nd. BidaskClub raised shares of Shentel from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. BWS Financial reissued a “buy” rating on shares of Shentel in a research report on Wednesday, April 11th. TheStreet raised shares of Shentel from a “c” rating to a “b” rating in a research report on Thursday, March 15th. Finally, ValuEngine raised shares of Shentel from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $47.00.

In other news, VP Raymond B. Ostroski sold 10,000 shares of the 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 completion of the sale, the vice president now owns 42,314 shares of the company’s stock, valued at $1,555,885.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ken L. Burch sold 1,000 shares of the stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $36.30, for a total transaction of $36,300.00. Following the completion of the sale, the director now directly owns 441,315 shares of the company’s stock, valued at approximately $16,019,734.50. The disclosure for this sale can be found here. Insiders sold 21,070 shares of company stock valued at $769,859 in the last three months. Company insiders own 6.84% of the company’s stock.

Shentel stock opened at $39.05 on Friday. Shentel has a 52-week low of $28.00 and a 52-week high of $41.80. The firm has a market capitalization of $1,901.84, a PE ratio of 150.19 and a beta of 0.67. The company has a quick ratio of 1.22, a current ratio of 1.26 and a debt-to-equity ratio of 2.16.

Shentel (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, March 15th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.09. Shentel had a net margin of 10.87% and a return on equity of 4.16%. The company had revenue of $151.62 million during the quarter, compared to analyst estimates of $154.19 million. research analysts anticipate that Shentel will post 0.54 EPS for the current fiscal year.

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Shentel Company Profile

Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.

Institutional Ownership by Quarter for Shentel (NASDAQ:SHEN)

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