Dupont Capital Management Corp Sells 3,081 Shares of Shenandoah Telecommunications (NASDAQ:SHEN)

Dupont Capital Management Corp lessened its holdings in Shenandoah Telecommunications (NASDAQ:SHEN) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,732 shares of the utilities provider’s stock after selling 3,081 shares during the quarter. Dupont Capital Management Corp’s holdings in Shenandoah Telecommunications were worth $913,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in shares of Shenandoah Telecommunications in the second quarter worth $31,000. Tower Research Capital LLC TRC lifted its position in shares of Shenandoah Telecommunications by 220.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,070 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 736 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Shenandoah Telecommunications by 622.0% in the second quarter. Meeder Asset Management Inc. now owns 2,000 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 1,723 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Shenandoah Telecommunications in the second quarter worth $151,000. Finally, Bank of Montreal Can lifted its position in shares of Shenandoah Telecommunications by 1,181.2% in the second quarter. Bank of Montreal Can now owns 4,356 shares of the utilities provider’s stock worth $168,000 after purchasing an additional 4,016 shares in the last quarter. 49.04% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on SHEN shares. Zacks Investment Research raised shares of Shenandoah Telecommunications from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Raymond James raised shares of Shenandoah Telecommunications from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Wednesday, August 7th. ValuEngine raised shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Saturday, October 5th. Finally, BidaskClub lowered shares of Shenandoah Telecommunications from a “sell” rating to a “strong sell” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $49.00.

NASDAQ SHEN opened at $32.26 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 34.69 and a beta of 0.38. The company has a current ratio of 1.74, a quick ratio of 1.69 and a debt-to-equity ratio of 2.27. Shenandoah Telecommunications has a 1 year low of $29.61 and a 1 year high of $51.41. The firm’s fifty day moving average price is $31.67 and its two-hundred day moving average price is $36.72.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $155.15 million for the quarter, compared to analyst estimates of $163.96 million. Shenandoah Telecommunications had a return on equity of 12.75% and a net margin of 9.00%. On average, research analysts anticipate that Shenandoah Telecommunications will post 1.16 EPS for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.29 per share. This represents a yield of 0.9%. This is an increase from Shenandoah Telecommunications’s previous annual dividend of $0.27. The ex-dividend date of this dividend is Wednesday, November 13th. Shenandoah Telecommunications’s dividend payout ratio is presently 29.03%.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.

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

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