Walleye Capital LLC Invests $330,000 in Shenandoah Telecommunications (NASDAQ:SHEN)

Walleye Capital LLC acquired a new stake in shares of Shenandoah Telecommunications (NASDAQ:SHEN) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,175 shares of the utilities provider’s stock, valued at approximately $330,000.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Shenandoah Telecommunications by 10,890.9% during the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 2,396 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Shenandoah Telecommunications by 456.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 3,531 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Shenandoah Telecommunications in the fourth quarter valued at approximately $101,000. GAMMA Investing LLC boosted its stake in shares of Shenandoah Telecommunications by 135.2% in the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 5,013 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new position in shares of Shenandoah Telecommunications in the fourth quarter worth about $190,000. 61.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHEN has been the subject of several recent analyst reports. StockNews.com upgraded shares of Shenandoah Telecommunications to a “sell” rating in a research report on Friday, April 11th. BWS Financial reaffirmed a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th.

Shenandoah Telecommunications Price Performance

Shenandoah Telecommunications stock opened at $12.96 on Friday. The company’s 50 day moving average is $12.23 and its two-hundred day moving average is $12.61. The firm has a market cap of $710.93 million, a PE ratio of 3.42 and a beta of 0.81. 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 has a 52-week low of $9.77 and a 52-week high of $21.89.

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). The company had revenue of $85.41 million during the quarter, compared to analysts’ expectations of $89.65 million. Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. On average, research analysts expect that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

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.