Shenandoah Telecommunications (SHEN) Holdings Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Shenandoah Telecommunications (NASDAQ:SHEN) by 50.0% during the 1st quarter, HoldingsChannel reports. The fund owned 2,761 shares of the utilities provider’s stock after selling 2,761 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Shenandoah Telecommunications were worth $122,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Shenandoah Telecommunications by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 323,432 shares of the utilities provider’s stock valued at $12,534,000 after buying an additional 11,708 shares during the period. Teachers Advisors LLC grew its holdings in Shenandoah Telecommunications by 2.1% in the 3rd quarter. Teachers Advisors LLC now owns 89,774 shares of the utilities provider’s stock valued at $3,479,000 after buying an additional 1,886 shares during the period. Federated Investors Inc. PA grew its holdings in Shenandoah Telecommunications by 83.2% in the 3rd quarter. Federated Investors Inc. PA now owns 92,873 shares of the utilities provider’s stock valued at $3,599,000 after buying an additional 42,189 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Shenandoah Telecommunications by 0.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 104,166 shares of the utilities provider’s stock valued at $4,036,000 after buying an additional 428 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Shenandoah Telecommunications in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 49.28% of the company’s stock.

Shares of NASDAQ:SHEN opened at $44.12 on Wednesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.58 and a quick ratio of 2.31. Shenandoah Telecommunications has a 1 year low of $29.92 and a 1 year high of $51.41. The stock has a market cap of $2.09 billion, a PE ratio of 47.44 and a beta of 0.42.



Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Thursday, May 9th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. Shenandoah Telecommunications had a return on equity of 11.86% and a net margin of 8.23%. The business had revenue of $158.84 million during the quarter, compared to analysts’ expectations of $163.97 million. As a group, sell-side analysts forecast that Shenandoah Telecommunications will post 1.27 EPS for the current year.

In other news, VP Raymond B. Ostroski sold 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $45.76, for a total transaction of $457,600.00. Following the completion of the sale, the vice president now owns 18,575 shares in the company, valued at approximately $849,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is currently owned by insiders.

Several analysts have commented on the company. BidaskClub upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Zacks Investment Research cut Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. B. Riley lifted their price target on Shenandoah Telecommunications from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, March 1st. BWS Financial restated a “buy” rating on shares of Shenandoah Telecommunications in a report on Monday, January 28th. Finally, ValuEngine cut Shenandoah Telecommunications from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $50.67.

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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.

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

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