Shenandoah Telecommunications (NASDAQ:SHEN) Major Shareholder Purchases $52,360.00 in Stock

Shenandoah Telecommunications Co (NASDAQ:SHEN) major shareholder Ecp Fiber Holdings Gp, Llc bought 4,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $13.09 per share, with a total value of $52,360.00. Following the completion of the purchase, the insider owned 3,342,122 shares of the company’s stock, valued at $43,748,376.98. This represents a 0.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 25th, Ecp Fiber Holdings Gp, Llc bought 1,500 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $13.10 per share, with a total value of $19,650.00.
• On Tuesday, August 19th, Ecp Fiber Holdings Gp, Llc acquired 10,560 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.54 per share, with a total value of $132,422.40.
• On Monday, August 18th, Ecp Fiber Holdings Gp, Llc acquired 20,047 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.52 per share, with a total value of $250,988.44.
• On Wednesday, August 13th, Ecp Fiber Holdings Gp, Llc acquired 1,473 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.87 per share, with a total value of $18,957.51.
• On Thursday, August 7th, Ecp Fiber Holdings Gp, Llc bought 25,104 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $12.71 per share, with a total value of $319,071.84.
• On Wednesday, August 6th, Ecp Fiber Holdings Gp, Llc bought 22,085 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $13.01 per share, with a total value of $287,325.85.
• On Tuesday, August 5th, Ecp Fiber Holdings Gp, Llc bought 26,117 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $13.12 per share, with a total value of $342,655.04.
• On Monday, August 4th, Ecp Fiber Holdings Gp, Llc bought 23,703 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $13.00 per share, with a total value of $308,139.00.
• On Friday, August 1st, Ecp Fiber Holdings Gp, Llc bought 30,000 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $13.48 per share, with a total value of $404,400.00.
• On Thursday, July 31st, Ecp Fiber Holdings Gp, Llc acquired 22,847 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $14.74 per share, for a total transaction of $336,764.78.

Shenandoah Telecommunications Stock Up 0.2%

Shares of NASDAQ:SHEN traded up $0.02 during trading on Tuesday, hitting $13.25. 433,693 shares of the company’s stock traded hands, compared to its average volume of 289,888. Shenandoah Telecommunications Co has a 52 week low of $9.77 and a 52 week high of $16.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.56. The company has a market cap of $726.90 million, a price-to-earnings ratio of -23.66 and a beta of 0.90. The company has a 50-day moving average price of $13.93 and a 200-day moving average price of $12.83.

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

Wall Street Analysts Forecast Growth

SHEN has been the subject of a number of recent research reports. BWS Financial reaffirmed a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Thursday, May 1st. Wall Street Zen downgraded Shenandoah Telecommunications from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $26.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in Shenandoah Telecommunications in the 1st quarter valued at $50,000. State of Wyoming acquired a new position in Shenandoah Telecommunications in the 2nd quarter valued at $65,000. Tower Research Capital LLC TRC grew its holdings in shares of Shenandoah Telecommunications by 80.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 2,228 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Shenandoah Telecommunications during the 1st quarter worth $76,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Shenandoah Telecommunications during the 2nd quarter worth $76,000. 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.