California Public Employees Retirement System Has $3.80 Million Position in Shenandoah Telecommunications (SHEN)

California Public Employees Retirement System boosted its position in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 8.8% in the 3rd quarter, Holdings Channel reports. The firm owned 102,037 shares of the utilities provider’s stock after buying an additional 8,237 shares during the period. California Public Employees Retirement System’s holdings in Shenandoah Telecommunications were worth $3,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Shenandoah Telecommunications by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock valued at $114,229,000 after purchasing an additional 47,212 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Shenandoah Telecommunications by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,202,254 shares of the utilities provider’s stock valued at $81,925,000 after purchasing an additional 30,156 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Shenandoah Telecommunications by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,052,800 shares of the utilities provider’s stock valued at $32,321,000 after purchasing an additional 6,500 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in Shenandoah Telecommunications by 20.5% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,010,069 shares of the utilities provider’s stock valued at $37,575,000 after purchasing an additional 171,670 shares during the last quarter. Finally, State Street Corp lifted its holdings in Shenandoah Telecommunications by 5.7% during the 2nd quarter. State Street Corp now owns 946,221 shares of the utilities provider’s stock valued at $29,048,000 after purchasing an additional 50,603 shares during the last quarter. 48.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Shenandoah Telecommunications (NASDAQ SHEN) opened at $32.20 on Friday. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.34 and a quick ratio of 1.28. The firm has a market cap of $1,570.00, a PE ratio of 292.73 and a beta of 0.69. Shenandoah Telecommunications has a 1 year low of $25.35 and a 1 year high of $41.80.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. The firm had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $153.64 million. Shenandoah Telecommunications had a net margin of 0.91% and a return on equity of 4.04%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.16) EPS. equities research analysts forecast that Shenandoah Telecommunications will post 0.16 earnings per share for the current fiscal year.

SHEN has been the subject of several analyst reports. TheStreet downgraded shares of Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub cut shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.00.

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

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