Financial Engines Advisors L.L.C. Acquires Shares of 15,055 Shenandoah Telecommunications (NASDAQ:SHEN)

Financial Engines Advisors L.L.C. bought a new stake in Shenandoah Telecommunications (NASDAQ:SHEN) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 15,055 shares of the utilities provider’s stock, valued at approximately $190,000.

Several other large investors have also made changes to their positions in SHEN. Vanguard Group Inc. grew its position in Shenandoah Telecommunications by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider’s stock worth $69,731,000 after acquiring an additional 68,133 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Shenandoah Telecommunications by 16.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock worth $12,770,000 after purchasing an additional 140,314 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Shenandoah Telecommunications by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 454,540 shares of the utilities provider’s stock worth $5,732,000 after purchasing an additional 34,740 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Shenandoah Telecommunications by 12.5% in the fourth quarter. American Century Companies Inc. now owns 433,218 shares of the utilities provider’s stock valued at $5,463,000 after buying an additional 48,233 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Shenandoah Telecommunications by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 222,588 shares of the utilities provider’s stock worth $2,807,000 after buying an additional 6,323 shares in the last quarter. Institutional investors own 61.96% of the company’s stock.

Shenandoah Telecommunications Trading Down 5.5 %

Shares of SHEN opened at $12.74 on Friday. The stock’s fifty day simple moving average is $11.67 and its 200-day simple moving average is $12.89. The firm has a market capitalization of $698.87 million, a PE ratio of 3.36 and a beta of 0.71. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $21.89. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The business had revenue of $85.41 million for the quarter, compared to analyst estimates of $89.65 million. As a group, research analysts predict that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SHEN shares. BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research note on Tuesday, February 25th. StockNews.com raised shares of Shenandoah Telecommunications to a “sell” rating in a report on Wednesday, March 19th.

Shenandoah Telecommunications 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.