Nisa Investment Advisors LLC continued to hold its stake in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,420 shares of the utilities provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Shenandoah Telecommunications were worth $565,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Virginia Retirement Systems ET AL raised its stake in shares of Shenandoah Telecommunications by 126.5% in the first quarter. Virginia Retirement Systems ET AL now owns 18,800 shares of the utilities provider’s stock worth $527,000 after buying an additional 10,500 shares during the period. American International Group Inc. raised its stake in shares of Shenandoah Telecommunications by 7.1% in the first quarter. American International Group Inc. now owns 28,484 shares of the utilities provider’s stock worth $799,000 after buying an additional 1,877 shares during the period. Guggenheim Capital LLC bought a new stake in shares of Shenandoah Telecommunications during the fourth quarter worth about $294,000. Suntrust Banks Inc. raised its stake in shares of Shenandoah Telecommunications by 7.6% in the first quarter. Suntrust Banks Inc. now owns 9,596 shares of the utilities provider’s stock worth $269,000 after buying an additional 681 shares during the period. Finally, Elk Creek Partners LLC raised its stake in shares of Shenandoah Telecommunications by 3.4% in the first quarter. Elk Creek Partners LLC now owns 294,698 shares of the utilities provider’s stock worth $8,266,000 after buying an additional 9,672 shares during the period. Institutional investors and hedge funds own 49.61% of the company’s stock.

Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) traded down 0.42% during midday trading on Thursday, hitting $35.50. 41,093 shares of the company were exchanged. The stock’s 50-day moving average is $30.90 and its 200-day moving average is $29.82. The stock’s market cap is $1.74 billion. Shenandoah Telecommunications Co has a one year low of $22.05 and a one year high of $36.80.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. Shenandoah Telecommunications had a negative net margin of 0.89% and a positive return on equity of 5.43%. The company had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $153.83 million. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Equities research analysts anticipate that Shenandoah Telecommunications Co will post $0.10 EPS for the current year.

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SHEN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Thursday, May 11th. TheStreet lowered shares of Shenandoah Telecommunications from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. BidaskClub upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Shenandoah Telecommunications currently has an average rating of “Hold” and a consensus target price of $34.67.

In other news, VP Raymond B. Ostroski sold 3,000 shares of Shenandoah Telecommunications stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $31.75, for a total transaction of $95,250.00. Following the completion of the sale, the vice president now owns 21,621 shares in the company, valued at approximately $686,466.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.24% of the stock is owned by insiders.

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

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