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

Walleye Capital LLC purchased a new stake in shares of Shenandoah Telecommunications (NASDAQ:SHEN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,175 shares of the utilities provider’s stock, valued at approximately $330,000.

A number of other large investors have also recently made changes to their positions in SHEN. Barclays PLC boosted its holdings in Shenandoah Telecommunications by 6.6% in the fourth quarter. Barclays PLC now owns 85,404 shares of the utilities provider’s stock worth $1,078,000 after purchasing an additional 5,253 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Shenandoah Telecommunications by 66.7% in the 4th quarter. Invesco Ltd. now owns 239,856 shares of the utilities provider’s stock worth $3,025,000 after buying an additional 96,006 shares during the last quarter. PAX Financial Group LLC boosted its stake in shares of Shenandoah Telecommunications by 3.8% in the 4th quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider’s stock worth $468,000 after buying an additional 1,353 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Shenandoah Telecommunications by 42.5% during the 4th quarter. JPMorgan Chase & Co. now owns 219,276 shares of the utilities provider’s stock valued at $2,765,000 after purchasing an additional 65,426 shares during the period. Finally, Financial Engines Advisors L.L.C. purchased a new stake in Shenandoah Telecommunications in the 4th quarter worth approximately $190,000. 61.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SHEN shares. BWS Financial restated a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th. StockNews.com raised Shenandoah Telecommunications to a “sell” rating in a report on Friday, April 11th.

Shenandoah Telecommunications Trading Up 0.9 %

SHEN opened at $12.96 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. The stock’s 50 day moving average price is $12.23 and its 200-day moving average price is $12.61. Shenandoah Telecommunications has a one year low of $9.77 and a one year high of $21.89. The stock has a market cap of $710.93 million, a price-to-earnings ratio of 3.42 and a beta of 0.81.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $85.41 million during the quarter, compared to the consensus estimate of $89.65 million. On average, equities analysts forecast that Shenandoah Telecommunications will post -0.49 EPS for the current year.

About Shenandoah Telecommunications

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.