Meeder Asset Management Inc. Boosts Holdings in Shenandoah Telecommunications (NASDAQ:SHEN)

Share on StockTwits

Meeder Asset Management Inc. increased its stake in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 622.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,000 shares of the utilities provider’s stock after buying an additional 1,723 shares during the period. Meeder Asset Management Inc.’s holdings in Shenandoah Telecommunications were worth $77,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Chicago Equity Partners LLC purchased a new stake in Shenandoah Telecommunications during the second quarter worth about $328,000. Hillsdale Investment Management Inc. increased its stake in shares of Shenandoah Telecommunications by 5.9% in the second quarter. Hillsdale Investment Management Inc. now owns 62,400 shares of the utilities provider’s stock worth $2,403,000 after purchasing an additional 3,500 shares in the last quarter. Swiss National Bank increased its stake in shares of Shenandoah Telecommunications by 2.2% in the second quarter. Swiss National Bank now owns 87,672 shares of the utilities provider’s stock worth $3,377,000 after purchasing an additional 1,900 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Shenandoah Telecommunications by 26.5% in the second quarter. TimesSquare Capital Management LLC now owns 869,040 shares of the utilities provider’s stock worth $33,475,000 after purchasing an additional 182,100 shares in the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Shenandoah Telecommunications in the second quarter worth about $151,000. Institutional investors and hedge funds own 48.03% of the company’s stock.

SHEN opened at $30.87 on Wednesday. The firm has a 50-day moving average price of $36.16 and a 200-day moving average price of $41.40. The company has a quick ratio of 1.69, a current ratio of 1.74 and a debt-to-equity ratio of 2.27. Shenandoah Telecommunications has a twelve month low of $30.81 and a twelve month high of $51.41. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 33.19 and a beta of 0.33.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Shenandoah Telecommunications had a net margin of 9.00% and a return on equity of 12.75%. The company had revenue of $158.91 million during the quarter, compared to analyst estimates of $162.23 million. On average, sell-side analysts expect that Shenandoah Telecommunications will post 1.16 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on SHEN shares. Zacks Investment Research upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. BidaskClub downgraded shares of Shenandoah Telecommunications from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 6th. TheStreet downgraded shares of Shenandoah Telecommunications from a “b-” rating to a “c” rating in a research note on Tuesday, May 28th. Raymond James upgraded shares of Shenandoah Telecommunications from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Wednesday, August 7th. Finally, Macquarie reiterated a “hold” rating and issued a $47.00 target price on shares of Shenandoah Telecommunications in a research note on Sunday, May 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Shenandoah Telecommunications currently has a consensus rating of “Hold” and a consensus price target of $49.00.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.

Featured Article: Gross Domestic Product (GDP)

Want to see what other hedge funds are holding SHEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shenandoah Telecommunications (NASDAQ:SHEN).

Institutional Ownership by Quarter for Shenandoah Telecommunications (NASDAQ:SHEN)

Receive News & Ratings for Shenandoah Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shenandoah Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Superloop  Trading Down 3.4%
Superloop Trading Down 3.4%
Vegalab  Shares Up 2.9%
Vegalab Shares Up 2.9%
LeaderShares AlphaFactor US Core Equity ETF  Trading Down 0.2%
LeaderShares AlphaFactor US Core Equity ETF Trading Down 0.2%
First Trust Long Duration Opportunities ETF  Shares Up 0.3%
First Trust Long Duration Opportunities ETF Shares Up 0.3%
Regent Investment Management LLC Has $775,000 Position in Livent Corporation
Regent Investment Management LLC Has $775,000 Position in Livent Corporation
Regent Investment Management LLC Has $3.57 Million Holdings in Walgreens Boots Alliance Inc
Regent Investment Management LLC Has $3.57 Million Holdings in Walgreens Boots Alliance Inc


© 2006-2019 Ticker Report