Shenandoah Telecommunications (NASDAQ:SHEN) Reaches New 1-Year Low at $12.94

Shenandoah Telecommunications (NASDAQ:SHEN) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.94 and last traded at $13.11, with a volume of 19656 shares traded. The stock had previously closed at $13.40.

Wall Street Analyst Weigh In

Separately, BWS Financial raised Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, March 4th.

Shenandoah Telecommunications Price Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $660.90 million, a PE ratio of 81.94 and a beta of 0.52. The stock’s fifty day moving average price is $16.84 and its 200-day moving average price is $19.97.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $72.51 million for the quarter, compared to analysts’ expectations of $71.85 million. Shenandoah Telecommunications had a return on equity of 1.24% and a net margin of 2.80%. During the same quarter in the prior year, the firm posted ($0.04) EPS. As a group, equities analysts forecast that Shenandoah Telecommunications will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SHEN. Norges Bank purchased a new stake in Shenandoah Telecommunications during the 4th quarter worth about $6,797,000. RWA Wealth Partners LLC purchased a new stake in Shenandoah Telecommunications in the 4th quarter worth approximately $2,583,000. American Century Companies Inc. raised its holdings in Shenandoah Telecommunications by 25.6% in the 3rd quarter. American Century Companies Inc. now owns 445,005 shares of the utilities provider’s stock valued at $9,172,000 after acquiring an additional 90,695 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Shenandoah Telecommunications by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 709,168 shares of the utilities provider’s stock worth $14,616,000 after purchasing an additional 51,827 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Shenandoah Telecommunications by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,420,378 shares of the utilities provider’s stock worth $52,328,000 after purchasing an additional 46,227 shares during the last quarter. 61.96% of the stock is currently owned by institutional investors and hedge funds.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.