Ecp Fiber Holdings Gp, Llc Buys 8,000 Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc acquired 8,000 shares of the stock in a transaction dated Friday, July 11th. The shares were bought at an average cost of $14.76 per share, with a total value of $118,080.00. Following the completion of the transaction, the insider owned 2,801,015 shares of the company's stock, valued at approximately $41,342,981.40. This represents a 0.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 Monday, July 14th, Ecp Fiber Holdings Gp, Llc bought 21,137 shares of Shenandoah Telecommunications stock. The shares were acquired 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 purchased 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 acquired at an average cost of $14.40 per share, for a total transaction of $220,521.60.
• On Friday, June 13th, Ecp Fiber Holdings Gp, Llc bought 6,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $13.73 per share, for a total transaction of $82,380.00.
• On Thursday, June 12th, Ecp Fiber Holdings Gp, Llc bought 11,100 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $13.75 per share, for a total transaction of $130,625.00.
• On Friday, June 6th, Ecp Fiber Holdings Gp, Llc bought 14,184 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost 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 bought at an average price of $12.55 per share, for a total transaction of $380,754.45.
• On Thursday, May 29th, Ecp Fiber Holdings Gp, Llc acquired 32,000 shares of Shenandoah Telecommunications stock. The stock was bought at an average price 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 bought at an average price of $12.30 per share, for a total transaction of $246,553.50.

Shenandoah Telecommunications Trading Down 5.1%

Shares of NASDAQ SHEN traded down $0.77 during midday trading on Tuesday, hitting $14.42. The stock had a trading volume of 417,279 shares, compared to its average volume of 259,511. The company has a market capitalization of $791.04 million, a price-to-earnings ratio of -23.64 and a beta of 0.89. Shenandoah Telecommunications Co has a 1-year low of $9.77 and a 1-year high of $21.89. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average price of $13.19 and a 200 day moving average price of $12.43.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The company had revenue of $87.90 million for the quarter, compared to analysts' expectations 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 posted ($0.07) earnings per share. On average, analysts predict that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current year.

Institutional Investors Weigh In On Shenandoah Telecommunications

Several hedge funds have recently modified their holdings of SHEN. GAMMA Investing LLC raised its holdings in shares of Shenandoah Telecommunications by 2,104.3% during the 1st quarter. GAMMA Investing LLC now owns 192,258 shares of the utilities provider's stock valued at $2,417,000 after buying an additional 183,536 shares during the period. Millennium Management LLC increased its holdings in Shenandoah Telecommunications by 48.3% during the 1st quarter. Millennium Management LLC now owns 448,976 shares of the utilities provider's stock worth $5,644,000 after purchasing an additional 146,221 shares during the last quarter. Nuveen LLC purchased a new stake in Shenandoah Telecommunications during the 1st quarter worth approximately $1,710,000. Goldman Sachs Group Inc. increased its holdings in Shenandoah Telecommunications by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 532,984 shares of the utilities provider's stock worth $6,700,000 after purchasing an additional 116,040 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Shenandoah Telecommunications by 66.7% during the 4th quarter. Invesco Ltd. now owns 239,856 shares of the utilities provider's stock worth $3,025,000 after purchasing an additional 96,006 shares during the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. 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. Wall Street Zen raised Shenandoah Telecommunications to a "sell" rating in a research note on Thursday, May 8th.

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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