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KBC Group NV reduced its position in shares of Shenandoah Telecommunications by 16.3% in the first quarter, according to its recent disclosure with the Securities and Exchange Commission. The institutional investor sold 771 shares, leaving them with 3,962 shares of the utilities provider’s stock. As of its most recent filing, KBC Group NV’s holdings in Shenandoah Telecommunications were valued at ,000.

Other institutional investors have also made changes to their holdings in the company. Vanguard Group Inc. increased its holdings by 2.0% during the third quarter, owning 5,365,899 shares worth ,327,000. Dimensional Fund Advisors LP lifted its position in the fourth quarter, now owning 2,028,964 shares worth ,221,000. State Street Corp increased its stake in the third quarter, owning 1,872,634 shares valued at ,872,000. Cerity Partners LLC also acquired a stake in the fourth quarter, worth approximately ,186,000. Lastly, Broad Run Investment Management LLC raised its position in the fourth quarter and now owns 1,069,607 shares worth ,985,000.

Shenandoah Telecommunications opened at .86 on Tuesday, with a fifty-day moving average price of .26 and a two-hundred day moving average price of .25. The company has a 52-week low of .62 and a 52-week high of .50. It has a quick ratio of 0.96 and a current ratio of 0.96. The debt-to-equity ratio is 0.19.

Some research firms have weighed in on Shenandoah Telecommunications, with BWS Financial upgrading it from a “sell” rating to a “neutral” rating and setting a target price of .00. StockNews.com also upgraded the stock from a “sell” rating to a “hold” rating.

Shenandoah Telecommunications, along with its subsidiaries, provides broadband communication services and cell tower colocation space in the Mid-Atlantic region of the United States. It offers broadband, video, and voice services to residential and commercial customers through various brands such as Shentel and Glo Fiber.

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