Shenandoah Telecommunications (SHEN) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. decreased its stake in Shenandoah Telecommunications (NASDAQ:SHEN) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470,000 shares of the utilities provider’s stock after selling 10,000 shares during the quarter. Shenandoah Telecommunications makes up about 1.5% of Teton Advisors Inc.’s investment portfolio, making the stock its 7th largest position. Teton Advisors Inc.’s holdings in Shenandoah Telecommunications were worth $15,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Shenandoah Telecommunications by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock valued at $114,229,000 after buying an additional 47,212 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Shenandoah Telecommunications by 4.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 209,274 shares of the utilities provider’s stock valued at $6,425,000 after buying an additional 8,902 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Shenandoah Telecommunications in the 3rd quarter valued at $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 valued at $3,196,000 after buying an additional 18,862 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Shenandoah Telecommunications by 1,399.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 537,792 shares of the utilities provider’s stock valued at $16,510,000 after buying an additional 501,920 shares in the last quarter. 48.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Shenandoah Telecommunications (SHEN) opened at $32.30 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 company has a market capitalization of $1,591.26, a price-to-earnings ratio of 269.17 and a beta of 0.71. Shenandoah Telecommunications has a one year low of $25.50 and a one 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 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $151.80 million for the quarter, compared to analyst estimates of $153.64 million. Shenandoah Telecommunications had a return on equity of 4.04% and a net margin of 0.91%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. equities analysts forecast that Shenandoah Telecommunications will post 0.16 earnings per share for the current year.

SHEN has been the topic of several recent analyst reports. BWS Financial set a $50.00 price target on Shenandoah Telecommunications and gave the company a “buy” rating in a research note on Wednesday, January 24th. TheStreet lowered Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. BidaskClub lowered Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $50.00.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.com-unik.info/2018/02/04/shenandoah-telecommunications-shen-shares-sold-by-teton-advisors-inc.html.

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.

Want to see what other hedge funds are holding SHEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shenandoah Telecommunications (NASDAQ:SHEN).

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

Receive News & Ratings for Shenandoah Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shenandoah Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit