Shenandoah Telecommunications (NASDAQ:SHEN) Stock Price Down 4.9% – Should You Sell?

Shenandoah Telecommunications (NASDAQ:SHEN)’s stock price fell 4.9% during trading on Tuesday . The company traded as low as $12.70 and last traded at $12.75. 14,942 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 197,509 shares. The stock had previously closed at $13.40.

Analysts Set New Price Targets

A number of brokerages have recently commented on SHEN. StockNews.com raised shares of Shenandoah Telecommunications to a “sell” rating in a report on Tuesday, July 30th. BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a report on Wednesday, November 13th.

Shenandoah Telecommunications Trading Down 4.1 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.79 and a quick ratio of 0.79. The business’s 50 day moving average price is $13.93 and its 200-day moving average price is $15.86. The firm has a market capitalization of $701.64 million, a price-to-earnings ratio of 3.44 and a beta of 0.67.

Shenandoah Telecommunications Increases Dividend

The company also recently declared an annual dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.10 per share. This represents a dividend yield of 0.66%. This is a positive change from Shenandoah Telecommunications’s previous annual dividend of $0.09. The ex-dividend date is Tuesday, November 5th. Shenandoah Telecommunications’s payout ratio is 2.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in Shenandoah Telecommunications during the third quarter worth about $37,000. GAMMA Investing LLC lifted its holdings in shares of Shenandoah Telecommunications by 85.1% in the second quarter. GAMMA Investing LLC now owns 4,599 shares of the utilities provider’s stock valued at $75,000 after purchasing an additional 2,115 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Shenandoah Telecommunications in the first quarter valued at about $109,000. Quantbot Technologies LP lifted its holdings in shares of Shenandoah Telecommunications by 570.2% in the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 6,244 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Shenandoah Telecommunications by 741.0% in the third quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 6,728 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors and hedge funds.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.