Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Ecp Fiber Holdings Gp, Llc Acquires 8,000 Shares

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc acquired 8,000 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were acquired at an average price of $14.76 per share, with a total value of $118,080.00. Following the acquisition, the insider owned 2,801,015 shares in the company, valued at approximately $41,342,981.40. The trade was a 0.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, July 16th, Ecp Fiber Holdings Gp, Llc bought 22,402 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $14.59 per share, with a total value of $326,845.18.
• On Tuesday, July 15th, Ecp Fiber Holdings Gp, Llc bought 28,952 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $14.69 per share, with a total value of $425,304.88.
• On Monday, July 14th, Ecp Fiber Holdings Gp, Llc acquired 21,137 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $15.28 per share, with a total value of $322,973.36.
• On Tuesday, July 8th, Ecp Fiber Holdings Gp, Llc acquired 28,700 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $14.67 per share, with a total value of $421,029.00.
• On Monday, July 7th, Ecp Fiber Holdings Gp, Llc acquired 15,314 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $14.40 per share, with a total value of $220,521.60.
• On Friday, June 13th, Ecp Fiber Holdings Gp, Llc acquired 6,000 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $13.73 per share, with a total value of $82,380.00.
• On Thursday, June 12th, Ecp Fiber Holdings Gp, Llc bought 11,100 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.85 per share, for a total transaction of $153,735.00.
• 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, June 6th, Ecp Fiber Holdings Gp, Llc acquired 14,184 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $13.42 per share, for a total transaction of $190,349.28.
• On Friday, May 30th, Ecp Fiber Holdings Gp, Llc acquired 30,339 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.55 per share, for a total transaction of $380,754.45.

Shenandoah Telecommunications Stock Performance

Shares of SHEN traded up $0.05 during mid-day trading on Friday, hitting $14.78. 133,489 shares of the company's stock were exchanged, compared to its average volume of 260,805. Shenandoah Telecommunications Co has a fifty-two week low of $9.77 and a fifty-two week high of $21.89. The firm has a market capitalization of $810.83 million, a P/E ratio of -24.28 and a beta of 0.89. The business's 50 day moving average is $13.25 and its two-hundred day moving average is $12.44. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). The firm had revenue of $87.90 million during the quarter, compared to analyst estimates of $89.31 million. Shenandoah Telecommunications had a negative net margin of 10.07% and a negative return on equity of 3.18%. During the same quarter in the previous year, the business earned ($0.07) EPS. On average, equities analysts expect that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SHEN shares. Wall Street Zen raised shares of Shenandoah Telecommunications to a "sell" rating in a research note on Thursday, May 8th. BWS Financial reaffirmed a "buy" rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Thursday, May 1st.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Shenandoah Telecommunications by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider's stock valued at $69,731,000 after buying an additional 68,133 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Shenandoah Telecommunications by 3.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 544,258 shares of the utilities provider's stock worth $6,841,000 after acquiring an additional 19,130 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Shenandoah Telecommunications by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 532,984 shares of the utilities provider's stock valued at $6,700,000 after purchasing an additional 116,040 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Shenandoah Telecommunications by 1.3% in the 4th quarter. Northern Trust Corp now owns 523,981 shares of the utilities provider's stock valued at $6,607,000 after purchasing an additional 6,904 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Shenandoah Telecommunications by 12.8% in the 1st quarter. American Century Companies Inc. now owns 488,650 shares of the utilities provider's stock valued at $6,142,000 after purchasing an additional 55,432 shares during the last quarter. 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.