Ecp Fiber Holdings Gp, Llc Acquires 1,473 Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock

Key Points

• Ecp Fiber Holdings Gp, Llc has acquired a total of 1,473 shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) at an average price of $12.87 per share, bringing their total ownership to 3,283,023 shares valued at over $42 million.
• The stock of Shenandoah Telecommunications has recently decreased 2.3%, trading at $12.59, below its 50-day simple moving average of $14.09.
• Shenandoah Telecommunications reported an EPS of ($0.19), slightly beating analysts’ expectations, but has a negative return on equity of -3.78% and a consensus forecast of -0.49 EPS for the current year.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc bought 1,473 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $12.87 per share, with a total value of $18,957.51. Following the transaction, the insider owned 3,283,023 shares of the company's stock, valued at $42,252,506.01. The trade was a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% 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 Thursday, August 7th, Ecp Fiber Holdings Gp, Llc bought 25,104 shares of Shenandoah Telecommunications stock. The shares were purchased 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 purchased 22,085 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $13.01 per share, for a total transaction of $287,325.85.
• On Tuesday, August 5th, Ecp Fiber Holdings Gp, Llc purchased 26,117 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $13.12 per share, for a total transaction of $342,655.04.
• On Monday, August 4th, Ecp Fiber Holdings Gp, Llc purchased 23,703 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $13.00 per share, for a total transaction of $308,139.00.
• On Friday, August 1st, Ecp Fiber Holdings Gp, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $13.48 per share, for a total transaction of $404,400.00.
• On Thursday, July 31st, Ecp Fiber Holdings Gp, Llc bought 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.
• On Monday, July 28th, Ecp Fiber Holdings Gp, Llc bought 11,934 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $15.06 per share, for a total transaction of $179,726.04.
• On Friday, July 25th, Ecp Fiber Holdings Gp, Llc bought 10,264 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $15.22 per share, for a total transaction of $156,218.08.
• On Thursday, July 24th, Ecp Fiber Holdings Gp, Llc bought 8,980 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $15.52 per share, for a total transaction of $139,369.60.
• On Wednesday, July 23rd, Ecp Fiber Holdings Gp, Llc bought 15,801 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $15.64 per share, for a total transaction of $247,127.64.

Shenandoah Telecommunications Stock Down 2.3%

Shares of SHEN traded down $0.30 during midday trading on Thursday, hitting $12.59. The stock had a trading volume of 488,750 shares, compared to its average volume of 290,900. The company has a 50 day simple moving average of $14.09 and a two-hundred day simple moving average of $12.72. Shenandoah Telecommunications Co has a twelve month low of $9.77 and a twelve month high of $16.89. The firm has a market cap of $690.65 million, a price-to-earnings ratio of -22.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.73.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.01. The business had revenue of $88.57 million for the quarter, compared to the consensus estimate of $89.94 million. Shenandoah Telecommunications had a negative return on equity of 3.78% and a negative net margin of 8.90%. On average, analysts anticipate that Shenandoah Telecommunications Co will post -0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen downgraded Shenandoah Telecommunications from a "hold" rating to a "strong sell" rating in a research note on Sunday. BWS Financial reissued a "buy" rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research note on Thursday, May 1st.

Institutional Trading of Shenandoah Telecommunications

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Shenandoah Telecommunications by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 18,768 shares of the utilities provider's stock valued at $256,000 after acquiring an additional 986 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Shenandoah Telecommunications by 5.3% during the second quarter. Gamco Investors INC. ET AL now owns 263,126 shares of the utilities provider's stock worth $3,594,000 after acquiring an additional 13,126 shares during the period. Jump Financial LLC bought a new stake in shares of Shenandoah Telecommunications during the second quarter worth approximately $190,000. Invesco Ltd. boosted its holdings in shares of Shenandoah Telecommunications by 103.7% during the second quarter. Invesco Ltd. now owns 447,553 shares of the utilities provider's stock worth $6,114,000 after acquiring an additional 227,789 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Shenandoah Telecommunications by 6.3% in the second quarter. Prudential Financial Inc. now owns 49,215 shares of the utilities provider's stock valued at $672,000 after buying an additional 2,911 shares during the period. Institutional investors and hedge funds 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.

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