Ecp Fiber Holdings Gp, Llc Purchases 9,500 Shares of Shenandoah Telecommunications (NASDAQ:SHEN) Stock

Shenandoah Telecommunications (NASDAQ:SHEN) major shareholder Ecp Fiber Holdings Gp, Llc purchased 9,500 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was bought at an average price of $13.75 per share, for a total transaction of $130,625.00. Following the completion of the transaction, the insider now directly owns 2,679,421 shares in the company, valued at approximately $36,842,038.75. The trade was a 0.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Ecp Fiber Holdings Gp, Llc also recently made the following trade(s):

• On Friday, June 6th, Ecp Fiber Holdings Gp, Llc bought 14,184 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $13.42 per share, with a total value of $190,349.28.
• On Friday, May 30th, Ecp Fiber Holdings Gp, Llc purchased 30,339 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $12.55 per share, for a total transaction of $380,754.45.
• On Thursday, May 29th, Ecp Fiber Holdings Gp, Llc purchased 32,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $12.46 per share, with a total value of $398,720.00.
• On Wednesday, May 28th, Ecp Fiber Holdings Gp, Llc acquired 20,045 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $12.30 per share, for a total transaction of $246,553.50.
• On Tuesday, May 27th, Ecp Fiber Holdings Gp, Llc bought 28,268 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $11.91 per share, with a total value of $336,671.88.

Shenandoah Telecommunications Trading Up 0.7%

Shares of Shenandoah Telecommunications stock opened at $13.94 on Thursday. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $21.89. The stock has a market capitalization of $764.71 million, a P/E ratio of 3.68 and a beta of 0.87. The company has a 50-day simple moving average of $12.33 and a 200 day simple moving average of $12.25. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.05). Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. The firm had revenue of $87.90 million for the quarter, compared to analyst estimates of $89.31 million. During the same period in the previous year, the business posted ($0.07) EPS. Research analysts expect that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SHEN has been the topic of several analyst reports. Wall Street Zen raised shares of Shenandoah Telecommunications to a “sell” rating in a report on Thursday, May 8th. BWS Financial reaffirmed a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, May 1st.

Institutional Investors Weigh In On Shenandoah Telecommunications

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in Shenandoah Telecommunications in the first quarter worth $76,000. Caxton Associates LLP bought a new position in shares of Shenandoah Telecommunications in the first quarter valued at about $194,000. Goldman Sachs Group Inc. lifted its position in Shenandoah Telecommunications by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 532,984 shares of the utilities provider’s stock worth $6,700,000 after buying an additional 116,040 shares in the last quarter. Millennium Management LLC lifted its position in Shenandoah Telecommunications by 48.3% during the 1st quarter. Millennium Management LLC now owns 448,976 shares of the utilities provider’s stock worth $5,644,000 after buying an additional 146,221 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Shenandoah Telecommunications by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,964 shares of the utilities provider’s stock worth $364,000 after acquiring an additional 1,248 shares during the last quarter. 61.96% of the stock is owned by institutional investors and hedge funds.

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.