Ecp Controlco, Llc Acquires 30,000 Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock

Key Points

• Ecp Controlco, LLC acquired 30,000 shares of Shenandoah Telecommunications Co stock at an average cost of $12.52 per share, totaling approximately $375,600, increasing their ownership to 3,221,550 shares.
• Shenandoah Telecommunications reported a quarterly loss of ($0.19) EPS, slightly beating analyst expectations and generating revenue of $88.57 million for the quarter.
• Recent analyst ratings have varied, with Wall Street Zen downgrading Shenandoah Telecommunications from a "hold" to a "strong sell," while BWS Financial reiterated a "buy" rating with a target price of $26.00.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Controlco, Llc acquired 30,000 shares of the company's stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $12.52 per share, with a total value of $375,600.00. Following the transaction, the insider directly owned 3,221,550 shares of the company's stock, valued at approximately $40,333,806. This represents a 0.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Controlco, Llc also recently made the following trade(s):

• On Monday, August 11th, Ecp Controlco, Llc acquired 30,000 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $11.88 per share, with a total value of $356,400.00.
• On Wednesday, July 30th, Ecp Controlco, Llc acquired 17,303 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $14.88 per share, with a total value of $257,468.64.
• On Tuesday, July 29th, Ecp Controlco, Llc acquired 19,852 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $14.88 per share, with a total value of $295,397.76.
• On Tuesday, July 22nd, Ecp Controlco, Llc acquired 17,583 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $15.40 per share, with a total value of $270,778.20.
• On Monday, July 21st, Ecp Controlco, Llc bought 16,467 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $15.02 per share, with a total value of $247,334.34.
• On Thursday, July 10th, Ecp Controlco, Llc bought 16,943 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $14.89 per share, with a total value of $252,281.27.
• On Wednesday, July 9th, Ecp Controlco, Llc bought 17,687 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $14.54 per share, with a total value of $257,168.98.
• On Thursday, June 5th, Ecp Controlco, Llc bought 13,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $13.19 per share, with a total value of $171,470.00.
• On Wednesday, June 4th, Ecp Controlco, Llc bought 16,840 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.81 per share, with a total value of $215,720.40.
• On Tuesday, June 3rd, Ecp Controlco, Llc bought 26,623 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.85 per share, with a total value of $342,105.55.

Shenandoah Telecommunications Stock Up 7.3%

NASDAQ SHEN traded up $0.87 during trading hours on Tuesday, reaching $12.75. 505,808 shares of the company traded hands, compared to its average volume of 288,990. Shenandoah Telecommunications Co has a 12 month low of $9.77 and a 12 month 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 stock has a market capitalization of $699.47 million, a PE ratio of -22.77 and a beta of 0.90. The company has a 50 day moving average of $14.10 and a two-hundred day moving average of $12.71.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, topping 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 company had revenue of $88.57 million for the quarter, compared to the consensus estimate of $89.94 million. As a group, equities analysts expect that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHEN. Ancora Advisors LLC bought a new position in shares of Shenandoah Telecommunications in the 1st quarter worth about $50,000. Acadian Asset Management LLC bought a new position in shares of Shenandoah Telecommunications in the 1st quarter worth about $76,000. New Age Alpha Advisors LLC bought a new position in shares of Shenandoah Telecommunications in the 1st quarter worth about $90,000. Two Sigma Investments LP bought a new position in shares of Shenandoah Telecommunications in the 4th quarter worth about $126,000. Finally, Baird Financial Group Inc. bought a new position in shares of Shenandoah Telecommunications in the 1st quarter worth about $158,000. 61.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on SHEN shares. Wall Street Zen downgraded shares of Shenandoah Telecommunications from a "hold" rating to a "strong sell" rating in a research note on Sunday. BWS Financial reiterated a "buy" rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Thursday, May 1st.

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.

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