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Shenandoah Telecommunications Holdings Increase 3,739.1%

Jun 17, 2023

Nisa Investment Advisors LLC significantly increased its holdings in Shenandoah Telecommunications by 3,739.1% in the first quarter. The firm now owns 1,766 shares of the utilities provider’s stock, representing an additional 1,720 shares from the previous period. The total value of Nisa Investment Advisors LLC’s holdings in Shenandoah Telecommunications is $34,000.

Other large investors have also bought and sold shares of the company. Texas Permanent School Fund Corp boosted its holdings by 33.4% in the first quarter, now owning 44,928 shares worth $855,000. CWM LLC lifted its position by 7.1% and now owns 84,918 shares worth $1,615,000. DAVENPORT & Co LLC increased its holdings by 0.5% and now owns 893,977 shares worth $17,003,000. Allspring Global Investments Holdings LLC saw a 539.1% increase in holdings, now owning 2,940 shares worth $56,000. Teachers Retirement System of The State of Kentucky lifted its position by 17.2% and now owns 15,351 shares worth $243,000. A total of 62.60% of the stock is currently owned by institutional investors.

On Friday, Shenandoah Telecommunications stock (NASDAQ:SHEN) opened at $19.70. The 12-month low is $15.62, while the high is $24.50. The company has a quick ratio and current ratio of 1.13 and a debt-to-equity ratio of 0.15. With a market capitalization of $989.93 million, the PE ratio is -1,968.03 and the beta is 0.73. The 50-day moving average price is $19.26 and the 200-day moving average price is $19.24.

Shenandoah Telecommunications is a company that provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. Its 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 and fiber optic services.