Shenandoah Telecommunications Co (NASDAQ:SHEN) – Investment analysts at BWS Financial issued their Q3 2018 earnings per share estimates for shares of Shenandoah Telecommunications in a research note issued to investors on Thursday. BWS Financial analyst H. Khorsand anticipates that the utilities provider will earn $0.12 per share for the quarter. BWS Financial also issued estimates for Shenandoah Telecommunications’ Q4 2018 earnings at $0.12 EPS.

A number of other equities analysts also recently weighed in on SHEN. Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet downgraded shares of Shenandoah Telecommunications from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $34.67.

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Shares of Shenandoah Telecommunications (NASDAQ:SHEN) opened at 35.90 on Monday. Shenandoah Telecommunications has a 1-year low of $22.05 and a 1-year high of $38.73. The firm’s market cap is $1.76 billion. The stock’s 50 day moving average is $30.28 and its 200-day moving average is $29.47.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $153.83 million. Shenandoah Telecommunications had a negative net margin of 0.89% and a positive return on equity of 5.43%. The business’s quarterly revenue was up 17.7% on a year-over-year basis.

In other Shenandoah Telecommunications news, VP Raymond B. Ostroski sold 3,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $31.75, for a total transaction of $95,250.00. Following the sale, the vice president now directly owns 21,621 shares of the company’s stock, valued at $686,466.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.24% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in Shenandoah Telecommunications by 790.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,521 shares of the utilities provider’s stock valued at $169,000 after buying an additional 4,901 shares during the period. Legal & General Group Plc increased its stake in Shenandoah Telecommunications by 4.9% in the second quarter. Legal & General Group Plc now owns 19,232 shares of the utilities provider’s stock valued at $590,000 after buying an additional 902 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Shenandoah Telecommunications by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 209,274 shares of the utilities provider’s stock valued at $6,425,000 after buying an additional 8,902 shares during the period. Mawer Investment Management Ltd. increased its stake in Shenandoah Telecommunications by 28.6% in the second quarter. Mawer Investment Management Ltd. now owns 838,399 shares of the utilities provider’s stock valued at $25,739,000 after buying an additional 186,523 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Shenandoah Telecommunications during the second quarter valued at approximately $1,742,000. 49.61% of the stock is currently owned by institutional investors and hedge funds.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.

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