Shenandoah Telecommunications Co. (NASDAQ:SHEN) was down 3.1% during mid-day trading on Thursday . The company traded as low as $28.07 and last traded at $28.36, with a volume of 229,291 shares changing hands. The stock had previously closed at $29.28.

A number of equities research analysts have recently issued reports on SHEN shares. FBR & Co upped their price objective on shares of Shenandoah Telecommunications from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, May 2nd. Drexel Hamilton reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Shenandoah Telecommunications in a research note on Wednesday, May 25th. Raymond James Financial Inc. lowered shares of Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a report on Thursday, June 9th. Finally, Zacks Investment Research lowered shares of Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.33.

The stock has a market capitalization of $1.37 billion and a P/E ratio of 51.18. The company’s 50 day moving average price is $38.62 and its 200-day moving average price is $30.15.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Friday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.39. The business earned $130.30 million during the quarter, compared to analysts’ expectations of $93.96 million. Equities research analysts anticipate that Shenandoah Telecommunications Co. will post $0.64 earnings per share for the current fiscal year.

In other news, SVP Thomas A. Whitaker sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $36.00, for a total value of $108,000.00. Following the completion of the sale, the senior vice president now owns 19,824 shares of the company’s stock, valued at $713,664. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Zerkel II sold 1,500 shares of the company’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $36.46, for a total value of $54,690.00. Following the completion of the sale, the director now directly owns 55,645 shares of the company’s stock, valued at approximately $2,028,816.70. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of SHEN. California State Teachers Retirement System increased its stake 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 valued at $1,929,000 after buying an additional 759 shares during the last quarter. Swiss National Bank increased its stake 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 valued at $1,312,000 after buying an additional 2,886 shares during the last quarter. California Public Employees Retirement System increased its stake 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 valued at $2,958,000 after buying an additional 13,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 valued at $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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