Trade Report: Today, Virginia Retirement Systems ET AL Reached $348,000 position of Shenandoah Telecommunications Co. (SHEN)

Today, Virginia Retirement Systems ET AL Reached $348,000 position  of Shenandoah Telecommunications Co. (SHEN)

Virginia Retirement Systems ET AL increased its stake in shares of Shenandoah Telecommunications Co. (NASDAQ:SHEN) by 25.5% during the third quarter, Holdings Channel reports. The fund owned 12,800 shares of the company’s stock after buying an additional 2,600 shares during the period. Virginia Retirement Systems ET AL’s holdings in Shenandoah Telecommunications were worth $348,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Shenandoah Telecommunications by 26.6% in the second quarter. Vanguard Group Inc. now owns 3,360,673 shares of the company’s stock valued at $131,268,000 after buying an additional 705,073 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Shenandoah Telecommunications by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 822,292 shares of the company’s stock valued at $32,119,000 after buying an additional 8,039 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Shenandoah Telecommunications by 25.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 759,981 shares of the company’s stock valued at $29,685,000 after buying an additional 154,805 shares during the last quarter. FMR LLC boosted its position in shares of Shenandoah Telecommunications by 9.7% in the second quarter. FMR LLC now owns 480,900 shares of the company’s stock valued at $18,784,000 after buying an additional 42,600 shares during the last quarter. Finally, James Investment Research Inc. boosted its position in shares of Shenandoah Telecommunications by 0.7% in the second quarter. James Investment Research Inc. now owns 239,822 shares of the company’s stock valued at $9,367,000 after buying an additional 1,650 shares during the last quarter. 43.85% of the stock is currently owned by institutional investors.

Shares of Shenandoah Telecommunications Co. (NASDAQ:SHEN) traded down 0.18% on Friday, hitting $27.90. The stock had a trading volume of 60,650 shares. The stock has a market cap of $1.36 billion, a PE ratio of 120.78 and a beta of 0.99. The stock has a 50 day moving average of $25.96 and a 200-day moving average of $30.70. Shenandoah Telecommunications Co. has a 12 month low of $19.18 and a 12 month high of $42.66.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its earnings results on Monday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.30. Shenandoah Telecommunications had a return on equity of 15.63% and a net margin of 2.44%. The firm earned $156.80 million during the quarter, compared to the consensus estimate of $161.09 million. Equities research analysts anticipate that Shenandoah Telecommunications Co. will post ($0.07) EPS for the current year.

The company also recently announced an annual dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be given a $0.25 dividend. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, November 2nd. Shenandoah Telecommunications’s dividend payout ratio is currently 113.64%.

SHEN has been the topic of several analyst reports. FBR & Co raised Shenandoah Telecommunications from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Tuesday, November 8th. Raymond James Financial Inc. raised Shenandoah Telecommunications from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research report on Tuesday, August 16th. Zacks Investment Research cut Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, TheStreet cut Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.20.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company is a telecommunications holding company. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers. Its segments include Wireless, which provides digital wireless service to a portion of over four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia; Cable segment, which provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland, and leases fiber optic facilities throughout its service area; Wireline segment, which provides regulated and unregulated voice services, digital subscriber lines Internet access and long distance access services throughout Shenandoah county, and Other segment, which includes operations of the Company.

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