Ecp Controlco, Llc Acquires 3,000 Shares of Shenandoah Telecommunications (NASDAQ:SHEN) Stock

Shenandoah Telecommunications Co (NASDAQ:SHEN) major shareholder Ecp Controlco, Llc acquired 3,000 shares of Shenandoah Telecommunications stock in a transaction that occurred on Friday, September 5th. The shares were purchased at an average cost of $13.45 per share, for a total transaction of $40,350.00. Following the purchase, the insider directly owned 3,441,252 shares in the company, valued at $46,284,839.40. The trade was a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ecp Controlco, Llc also recently made the following trade(s):

• On Thursday, September 4th, Ecp Controlco, Llc acquired 2,068 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $12.96 per share, for a total transaction of $26,801.28.
• On Friday, August 29th, Ecp Controlco, Llc acquired 12,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $13.25 per share, for a total transaction of $159,000.00.
• On Thursday, August 28th, Ecp Controlco, Llc acquired 14,358 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $13.26 per share, for a total transaction of $190,387.08.
• On Thursday, August 28th, Ecp Controlco, Llc acquired 14,358 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $13.26 per share, for a total transaction of $190,387.08.
• On Monday, August 11th, Ecp Controlco, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $11.88 per share, for a total transaction of $356,400.00.
• On Friday, August 8th, Ecp Controlco, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $12.52 per share, for a total transaction of $375,600.00.
• On Wednesday, July 30th, Ecp Controlco, Llc purchased 17,303 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $14.88 per share, for a total transaction of $257,468.64.
• On Tuesday, July 29th, Ecp Controlco, Llc purchased 19,852 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $14.88 per share, for a total transaction of $295,397.76.
• On Tuesday, July 22nd, Ecp Controlco, Llc purchased 17,583 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $15.40 per share, for a total transaction of $270,778.20.
• On Monday, July 21st, Ecp Controlco, Llc purchased 16,467 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $15.02 per share, for a total transaction of $247,334.34.

Shenandoah Telecommunications Stock Performance

Shares of SHEN opened at $13.63 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73. Shenandoah Telecommunications Co has a twelve month low of $9.77 and a twelve month high of $16.89. The firm’s 50 day moving average price is $13.77 and its two-hundred day moving average price is $12.95. The firm has a market cap of $747.74 million, a P/E ratio of -24.34 and a beta of 0.87.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. Shenandoah Telecommunications had a negative net margin of 8.90% and a negative return on equity of 3.78%. The firm had revenue of $88.57 million for the quarter, compared to analyst estimates of $89.94 million. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. On average, analysts forecast that Shenandoah Telecommunications Co will post -0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Shenandoah Telecommunications from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Shenandoah Telecommunications presently has a consensus rating of “Buy” and a consensus price target of $26.00.

Institutional Trading of Shenandoah Telecommunications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new stake in shares of Shenandoah Telecommunications in the first quarter valued at approximately $50,000. State of Wyoming acquired a new position in Shenandoah Telecommunications during the second quarter worth $65,000. Tower Research Capital LLC TRC increased its holdings in Shenandoah Telecommunications by 80.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock worth $68,000 after buying an additional 2,228 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Shenandoah Telecommunications during the second quarter worth $76,000. Finally, Acadian Asset Management LLC acquired a new position in Shenandoah Telecommunications during the first quarter worth $76,000. 61.96% of the stock is currently owned by institutional investors and hedge funds.

About Shenandoah Telecommunications

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.