Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Acquires $118,080.00 in Stock

Shenandoah Telecommunications Co (NASDAQ:SHENGet Free Report) major shareholder Ecp Fiber Holdings Gp, Llc bought 8,000 shares of the stock in a transaction on Friday, July 11th. The stock was purchased at an average cost of $14.76 per share, with a total value of $118,080.00. Following the purchase, the insider directly owned 2,801,015 shares of the company’s stock, valued at approximately $41,342,981.40. This represents a 0.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, July 16th, Ecp Fiber Holdings Gp, Llc purchased 22,402 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $14.59 per share, for a total transaction of $326,845.18.
  • On Tuesday, July 15th, Ecp Fiber Holdings Gp, Llc bought 28,952 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $14.69 per share, with a total value of $425,304.88.
  • On Monday, July 14th, Ecp Fiber Holdings Gp, Llc acquired 21,137 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $15.28 per share, with a total value of $322,973.36.
  • On Tuesday, July 8th, Ecp Fiber Holdings Gp, Llc acquired 28,700 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $14.67 per share, with a total value of $421,029.00.
  • On Monday, July 7th, Ecp Fiber Holdings Gp, Llc bought 15,314 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $14.40 per share, with a total value of $220,521.60.
  • On Friday, June 13th, Ecp Fiber Holdings Gp, Llc bought 6,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $13.73 per share, for a total transaction of $82,380.00.
  • On Thursday, June 12th, Ecp Fiber Holdings Gp, Llc purchased 11,100 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $13.85 per share, with a total value of $153,735.00.
  • On Monday, June 9th, Ecp Fiber Holdings Gp, Llc acquired 9,500 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $13.75 per share, with a total value of $130,625.00.
  • On Friday, June 6th, Ecp Fiber Holdings Gp, Llc bought 14,184 shares of Shenandoah Telecommunications stock. The shares were purchased 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 acquired 30,339 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $12.55 per share, for a total transaction of $380,754.45.

Shenandoah Telecommunications Trading Up 1.0%

Shares of NASDAQ SHEN opened at $14.73 on Friday. Shenandoah Telecommunications Co has a 1-year low of $9.77 and a 1-year high of $21.89. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The company has a market cap of $808.09 million, a PE ratio of -24.15 and a beta of 0.89. The company has a 50-day moving average of $13.25 and a two-hundred day moving average of $12.44.

Shenandoah Telecommunications (NASDAQ:SHENGet Free Report) last released its earnings results on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). The firm had revenue of $87.90 million during the quarter, compared to the consensus estimate of $89.31 million. Shenandoah Telecommunications had a negative return on equity of 3.18% and a negative net margin of 10.07%. During the same quarter in the previous year, the firm earned ($0.07) EPS. As a group, equities analysts expect that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BWS Financial reissued a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Thursday, May 1st. Wall Street Zen upgraded Shenandoah Telecommunications to a “sell” rating in a research report on Thursday, May 8th.

Check Out Our Latest Stock Report on SHEN

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Shenandoah Telecommunications by 75.4% in the first quarter. GAMMA Investing LLC now owns 15,295 shares of the utilities provider’s stock valued at $192,000 after acquiring an additional 6,573 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Shenandoah Telecommunications by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider’s stock valued at $349,000 after purchasing an additional 1,061 shares during the period. Two Sigma Investments LP bought a new position in shares of Shenandoah Telecommunications during the fourth quarter valued at about $126,000. Barclays PLC boosted its stake in shares of Shenandoah Telecommunications by 6.6% in the 4th quarter. Barclays PLC now owns 85,404 shares of the utilities provider’s stock worth $1,078,000 after buying an additional 5,253 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Shenandoah Telecommunications by 12.5% during the 4th quarter. American Century Companies Inc. now owns 433,218 shares of the utilities provider’s stock valued at $5,463,000 after buying an additional 48,233 shares in the last quarter. 61.96% of the stock is owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Company Profile

(Get Free Report)

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.

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