Legal & General Group Plc Buys New Position in Shenandoah Telecommunications Co $SHEN

Posted by Brian Himes on Sep 7th, 2026

Legal & General Group Plc bought a new position in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 102,015 shares of the utilities provider’s stock, valued at approximately $1,538,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SHEN. Caitlin John LLC boosted its holdings in Shenandoah Telecommunications by 324.0% during the fourth quarter. Caitlin John LLC now owns 4,550 shares of the utilities provider’s stock worth $53,000 after buying an additional 3,477 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Shenandoah Telecommunications by 11,367.6% in the third quarter. Russell Investments Group Ltd. now owns 4,243 shares of the utilities provider’s stock worth $57,000 after buying an additional 4,206 shares during the period. State of Wyoming purchased a new position in Shenandoah Telecommunications during the 2nd quarter valued at about $65,000. iSAM Funds UK Ltd acquired a new position in Shenandoah Telecommunications in the 3rd quarter valued at approximately $67,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Shenandoah Telecommunications by 80.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 2,228 shares during the last quarter. 61.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SHEN shares. BWS Financial restated a “buy” rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, July 30th. Wall Street Zen raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Shenandoah Telecommunications in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.50.

Read Our Latest Analysis on SHEN

Shenandoah Telecommunications Price Performance

SHEN opened at $12.59 on Monday. The stock has a market cap of $697.11 million, a P/E ratio of -16.14 and a beta of 0.70. Shenandoah Telecommunications Co has a 12 month low of $9.66 and a 12 month high of $17.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $12.64 and a 200 day simple moving average of $14.34.

Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) last posted its earnings results on Wednesday, July 29th. The utilities provider reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.11. Shenandoah Telecommunications had a negative return on equity of 4.54% and a negative net margin of 10.83%.The firm had revenue of $93.46 million for the quarter, compared to analyst estimates of $92.83 million. On average, research analysts expect that Shenandoah Telecommunications Co will post -0.85 EPS for the current year.

Insider Transactions at Shenandoah Telecommunications

In related news, CFO James Volk purchased 4,283 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $11.67 per share, with a total value of $49,982.61. Following the completion of the purchase, the chief financial officer owned 92,671 shares in the company, valued at $1,081,470.57. This represents a 4.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.01% of the company’s stock.

About Shenandoah Telecommunications

(Free Report)

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.