November 16, 2016 - By Marie Mckinney · 0 Comments
The stock of Shenandoah Telecommun Company (NASDAQ:SHEN) registered an increase of 19.65% in short interest. SHEN’s total short interest was 1.64M shares in November as published by FINRA. Its up 19.65% from 1.37M shares, reported previously. With 436,400 shares average volume, it will take short sellers 4 days to cover their SHEN’s short positions. The short interest to Shenandoah Telecommun Company’s float is 3.58%. The stock decreased 0.95% or $0.25 during the last trading session, hitting $25.95. Shenandoah Telecommunications Company (NASDAQ:SHEN) has declined 2.44% since April 14, 2016 and is downtrending. It has underperformed by 7.13% the S&P500.
Shenandoah Telecommunications Company is a telecommunications holding company. The company has a market cap of $1.27 billion. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user clients and other telecommunications providers. It has a 741.01 P/E ratio. The Company’s divisions include Wireless, which provides digital wireless service to a portion of over four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia; Cable segment, which provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland, and leases fiber optic facilities throughout its service area; Wireline segment, which provides regulated and unregulated voice services, digital subscriber lines Internet access and long distance access services throughout Shenandoah county, and Other segment, which includes activities of the Company.
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 5.05, from 6.05 in 2016Q1. The ratio is negative, as 11 funds sold all Shenandoah Telecommunications Company shares owned while 47 reduced positions. 18 funds bought stakes while 40 increased positions. They now own 20.37 million shares or 49.14% less from 40.06 million shares in 2016Q1.
Zacks Invest holds 6,075 shares or 0.01% of its portfolio. Spark Invest Ltd Liability Com owns 54,800 shares or 0.2% of their US portfolio. Us Financial Bank De accumulated 15,348 shares or 0% of the stock. Dupont Cap Mgmt Corporation last reported 34,856 shares in the company. Geode Cap Mgmt Ltd Llc has 0.01% invested in the company for 389,212 shares. Teton accumulated 1.73% or 490,000 shares. Blackrock Grp Incorporated last reported 17,433 shares in the company. Tower Research Capital Ltd (Trc) owns 495 shares or 0% of their US portfolio. Blackrock Advsr Limited Liability, a Delaware-based fund reported 21,736 shares. Bogle Inv Mgmt Lp De accumulated 126,786 shares or 0.34% of the stock. James Invest Research Inc accumulated 239,822 shares or 0.24% of the stock. Nationwide Fund Advsr holds 39,393 shares or 0.01% of its portfolio. Credit Suisse Ag reported 54,443 shares or 0% of all its holdings. Wellington Mngmt Group Limited Liability Partnership holds 13,215 shares or 0% of its portfolio. Evanston Investments Dba Evanston Advsrs has invested 1.39% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN).
Insider Transactions: Since August 9, 2016, the stock had 1 buying transaction, and 0 insider sales for $3,327 net activity. 106 shares were bought by SCHULTZ LEIGH ANN, worth $3,327 on Tuesday, August 9.
Out of 4 analysts covering Shenandoah Telecommunications Co (NASDAQ:SHEN), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $51 is the highest target while $31 is the lowest. The $42.25 average target is 62.81% above today’s ($25.95) stock price. Shenandoah Telecommunications Co has been the topic of 10 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by FBR Capital given on Monday, May 2. The company was upgraded on Tuesday, August 11 by FBR Capital. Macquarie Research maintained the stock with “Neutral” rating in Wednesday, August 12 report. BWS Financial initiated the shares of SHEN in a report on Thursday, February 4 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, November 8 by FBR Capital. Raymond James downgraded Shenandoah Telecommunications Company (NASDAQ:SHEN) on Thursday, June 9 to “Market Perform” rating. The stock has “Neutral” rating given by Macquarie Research on Tuesday, April 5. The company was upgraded on Tuesday, August 16 by Raymond James. The company was upgraded on Thursday, August 27 by Raymond James.
Shenandoah Telecommunications Company, incorporated on May 3, 1989, is a telecommunications holding company. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user clients and other telecommunications providers in Virginia, West Virginia, central Pennsylvania and western Maryland. The Firm operates through four divisions: Wireless, Cable, Wireline and Other. The Firm offers a suite of voice, video and data communications services based on the services and products provided by its subsidiaries. The Company’s subsidiaries include Shenandoah Telephone Company, NTELOS Holdings Corp. (nTelos) and Shenandoah Cable Television, LLC (Shenandoah Cable).
More notable recent Shenandoah Telecommunications Company (NASDAQ:SHEN) news were published by: Globenewswire.com which released: “Shenandoah Telecommunications Company Announces Increased Dividend” on October 18, 2016, also Globenewswire.com with their article: “Shenandoah Telecommunications Company to Hold its Second Quarter 2016 Earnings …” published on July 29, 2016, Globenewswire.com published: “Leigh Ann Schultz Elected to Board of Directors of Shenandoah …” on July 20, 2016. More interesting news about Shenandoah Telecommunications Company (NASDAQ:SHEN) were released by: Globenewswire.com and their article: “Shenandoah Telecommunications Company Reports Second Quarter 2016 Revenue of …” published on August 05, 2016 as well as Finance.Yahoo.com‘s news article titled: “Shenandoah Telecommunications Company to Hold its Third Quarter 2016 Earnings Call” with publication date: October 31, 2016.
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By Marie Mckinney