Shenandoah Telecommunications (NASDAQ:SHEN) Reaches New 1-Year Low – Should You Sell?

Shenandoah Telecommunications (NASDAQ:SHEN) hit a new 52-week low on Thursday . The stock traded as low as $11.18 and last traded at $11.22, with a volume of 243011 shares traded. The stock had previously closed at $11.93.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research note on Wednesday, November 13th.

Shenandoah Telecommunications Stock Down 6.0 %

The firm’s 50 day simple moving average is $12.80 and its 200 day simple moving average is $14.60. The company has a market cap of $612.61 million, a price-to-earnings ratio of 2.88 and a beta of 0.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.36.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Thursday, November 7th. The utilities provider reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Shenandoah Telecommunications had a net margin of 62.67% and a negative return on equity of 1.45%. The business had revenue of $87.60 million during the quarter, compared to analyst estimates of $88.80 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Sell-side analysts anticipate that Shenandoah Telecommunications will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Investing LLC lifted its stake in shares of Shenandoah Telecommunications by 9.7% in the 4th quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider’s stock worth $401,000 after acquiring an additional 2,819 shares during the period. GAMMA Investing LLC lifted its position in 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 purchasing an additional 5,013 shares during the period. Versant Capital Management Inc increased 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 valued at $30,000 after purchasing an additional 2,396 shares during the period. Barclays PLC raised its stake in shares of Shenandoah Telecommunications by 339.4% in the 3rd quarter. Barclays PLC now owns 80,151 shares of the utilities provider’s stock worth $1,131,000 after buying an additional 61,910 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Shenandoah Telecommunications by 101.2% in the 3rd quarter. Jane Street Group LLC now owns 95,703 shares of the utilities provider’s stock worth $1,350,000 after buying an additional 48,127 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors.

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.