Richard W. Mason, Jr. Acquires 2,000 Shares of Shenandoah Telecommunications (NASDAQ:SHEN) Stock

Shenandoah Telecommunications (NASDAQ:SHEN) SVP Richard W. Mason, Jr. bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $14.73 per share, with a total value of $29,460.00. Following the completion of the purchase, the senior vice president now directly owns 14,501 shares of the company’s stock, valued at approximately $213,599.73. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shenandoah Telecommunications Trading Up 9.9 %

Shares of SHEN opened at $16.37 on Thursday. The stock has a 50 day simple moving average of $16.12 and a 200-day simple moving average of $19.58. The company has a current ratio of 4.68, a quick ratio of 1.79 and a debt-to-equity ratio of 0.33. The stock has a market cap of $825.82 million, a PE ratio of 3.78 and a beta of 0.61. Shenandoah Telecommunications has a 1 year low of $11.87 and a 1 year high of $25.51.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Wednesday, February 21st. The utilities provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The company had revenue of $72.51 million for the quarter, compared to the consensus estimate of $71.85 million. Shenandoah Telecommunications had a net margin of 77.44% and a return on equity of 0.27%. During the same quarter in the previous year, the company earned ($0.04) EPS. On average, sell-side analysts predict that Shenandoah Telecommunications will post -0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Monday.

Institutional Trading of Shenandoah Telecommunications

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in Shenandoah Telecommunications in the fourth quarter worth $27,000. Quest Partners LLC bought a new position in Shenandoah Telecommunications in the 4th quarter worth approximately $41,000. SG Americas Securities LLC acquired a new position in Shenandoah Telecommunications during the 1st quarter worth $109,000. HTLF Bank bought a new position in Shenandoah Telecommunications in the 4th quarter valued at $203,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Shenandoah Telecommunications in the 1st quarter valued at $211,000. Institutional investors and hedge funds own 61.96% of the company’s stock.

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.