Shenandoah Telecommunications Co. (NASDAQ:SHEN) saw an uptick in trading volume on Monday . 390,949 shares traded hands during trading, an increase of 44% from the previous session’s volume of 272,097 shares.The stock last traded at $32.06 and had previously closed at $33.78.

Several brokerages have recently weighed in on SHEN. Zacks Investment Research cut shares of Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Raymond James Financial Inc. cut shares of Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 9th. FBR & Co cut shares of Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $31.00 to $35.00 in a research note on Monday. Finally, Drexel Hamilton reiterated a “buy” rating and set a $38.00 price target on shares of Shenandoah Telecommunications in a research note on Wednesday, May 25th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.17.

The stock has a market cap of $1.54 billion and a P/E ratio of 57.38. The firm’s 50-day moving average price is $39.17 and its 200-day moving average price is $30.11.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Friday, August 5th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.39. The company had revenue of $130.30 million for the quarter, compared to the consensus estimate of $93.96 million. On average, equities analysts expect that Shenandoah Telecommunications Co. will post $1.04 earnings per share for the current year.

In other Shenandoah Telecommunications news, Director Douglas C. Arthur sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $36.02, for a total transaction of $324,180.00. Following the transaction, the director now owns 25,679 shares in the company, valued at approximately $924,957.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Zerkel II sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $36.46, for a total transaction of $54,690.00. Following the transaction, the director now owns 55,645 shares in the company, valued at approximately $2,028,816.70. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of SHEN. California State Teachers Retirement System raised its position in shares of Shenandoah Telecommunications by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 44,819 shares of the company’s stock worth $1,929,000 after buying an additional 759 shares during the last quarter. Swiss National Bank raised its position in shares of Shenandoah Telecommunications by 10.5% in the fourth quarter. Swiss National Bank now owns 30,486 shares of the company’s stock worth $1,312,000 after buying an additional 2,886 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Shenandoah Telecommunications by 23.3% in the fourth quarter. California Public Employees Retirement System now owns 68,700 shares of the company’s stock worth $2,958,000 after buying an additional 13,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Shenandoah Telecommunications by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,361,217 shares of the company’s stock worth $58,601,000 after buying an additional 15,243 shares during the last quarter.

Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania and western Maryland.

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