Fuller & Thaler Asset Management Inc. Invests $518,000 in Shenandoah Telecommunications (NASDAQ:SHEN)

Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Shenandoah Telecommunications (NASDAQ:SHEN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 41,100 shares of the utilities provider’s stock, valued at approximately $518,000. Fuller & Thaler Asset Management Inc. owned 0.08% of Shenandoah Telecommunications at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in Shenandoah Telecommunications by 10,890.9% during the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 2,396 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Shenandoah Telecommunications by 456.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 3,531 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at approximately $101,000. GAMMA Investing LLC boosted its position in shares of Shenandoah Telecommunications by 135.2% in the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 5,013 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Shenandoah Telecommunications by 11.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider’s stock worth $173,000 after buying an additional 1,380 shares during the last quarter. 61.96% of the stock is owned by institutional investors.

Shenandoah Telecommunications Trading Down 1.8 %

NASDAQ:SHEN opened at $12.73 on Friday. The stock has a market cap of $698.32 million, a price-to-earnings ratio of 3.36 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average price is $12.25 and its 200-day moving average price is $12.60. Shenandoah Telecommunications has a 52 week low of $9.77 and a 52 week high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Thursday, February 20th. The utilities provider reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The business had revenue of $85.41 million for the quarter, compared to analysts’ expectations of $89.65 million. On average, equities research analysts forecast that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on SHEN shares. BWS Financial reiterated a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Tuesday, February 25th. StockNews.com raised Shenandoah Telecommunications to a “sell” rating in a research report on Friday, April 11th.

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.