Ecp Fiber Holdings Gp, Llc Buys 14,184 Shares of Shenandoah Telecommunications (NASDAQ:SHEN) Stock

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc acquired 14,184 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $13.42 per share, for a total transaction of $190,349.28. Following the completion of the transaction, the insider now directly owns 2,669,921 shares in the company, valued at $35,830,339.82. The trade was a 0.53% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 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 Monday, June 9th, Ecp Fiber Holdings Gp, Llc bought 9,500 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.75 per share, for a total transaction of $130,625.00.
• On Friday, May 30th, Ecp Fiber Holdings Gp, Llc purchased 30,339 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $12.55 per share, with a total value of $380,754.45.
• On Thursday, May 29th, Ecp Fiber Holdings Gp, Llc purchased 32,000 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $12.46 per share, for a total transaction of $398,720.00.
• On Wednesday, May 28th, Ecp Fiber Holdings Gp, Llc acquired 20,045 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $12.30 per share, with a total value of $246,553.50.
• On Tuesday, May 27th, Ecp Fiber Holdings Gp, Llc bought 28,268 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $11.91 per share, for a total transaction of $336,671.88.

Shenandoah Telecommunications Stock Performance

SHEN stock traded down $0.09 during trading on Thursday, reaching $13.85. The stock had a trading volume of 91,236 shares, compared to its average volume of 250,316. The firm has a market cap of $759.77 million, a PE ratio of 3.65 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average is $12.36 and its two-hundred day moving average is $12.27. Shenandoah Telecommunications has a 52 week low of $9.77 and a 52 week high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The business 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 2.50% and a net margin of 58.03%. During the same quarter last year, the company earned ($0.07) EPS. As a group, equities analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have 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 report on Thursday, May 1st. Wall Street Zen raised shares of Shenandoah Telecommunications to a "sell" rating in a research report on Thursday, May 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in shares of Shenandoah Telecommunications by 456.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock worth $53,000 after purchasing an additional 3,531 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Shenandoah Telecommunications by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider's stock worth $349,000 after buying an additional 1,061 shares in the last quarter. Barclays PLC raised its stake in shares of Shenandoah Telecommunications by 6.6% in the fourth 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 period. Proficio Capital Partners LLC purchased a new position in shares of Shenandoah Telecommunications during the 4th quarter valued at about $260,000. Finally, Rhumbline Advisers lifted its position in shares of Shenandoah Telecommunications by 4.1% during the 4th quarter. Rhumbline Advisers now owns 150,079 shares of the utilities provider's stock valued at $1,892,000 after buying an additional 5,862 shares in the last quarter. Hedge funds and other institutional investors own 61.96% of the company's stock.

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.