Ecp Fiber Holdings Gp, Llc Purchases 22,847 Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock

Key Points

• Ecp Fiber Holdings Gp, Llc purchased 22,847 shares of Shenandoah Telecommunications Co at an average price of $14.74, increasing their total holdings to 3,064,541 shares valued at approximately $45.17 million.
• Shenandoah Telecommunications reported a loss of $0.19 earnings per share for the last quarter, barely surpassing analysts' expectations, while its revenue was below estimates at $88.57 million.
• The stock is currently down 2.5%, trading at $12.91, and analysts predict it may post a further loss per share of -0.49 for the current year.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc purchased 22,847 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $14.74 per share, with a total value of $336,764.78. Following the completion of the transaction, the insider directly owned 3,064,541 shares of the company's stock, valued at $45,171,334.34. This represents a 0.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

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

• On Friday, August 1st, Ecp Fiber Holdings Gp, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.48 per share, with a total value of $404,400.00.
• On Monday, July 28th, Ecp Fiber Holdings Gp, Llc bought 11,934 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $15.06 per share, with a total value of $179,726.04.
• On Friday, July 25th, Ecp Fiber Holdings Gp, Llc purchased 10,264 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $15.22 per share, for a total transaction of $156,218.08.
• On Thursday, July 24th, Ecp Fiber Holdings Gp, Llc acquired 8,980 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $15.52 per share, with a total value of $139,369.60.
• On Wednesday, July 23rd, Ecp Fiber Holdings Gp, Llc acquired 15,801 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $15.64 per share, for a total transaction of $247,127.64.
• On Friday, July 18th, Ecp Fiber Holdings Gp, Llc acquired 20,004 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $14.83 per share, for a total transaction of $296,659.32.
• On Thursday, July 17th, Ecp Fiber Holdings Gp, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $14.62 per share, with a total value of $438,600.00.
• On Wednesday, July 16th, Ecp Fiber Holdings Gp, Llc acquired 22,402 shares of Shenandoah Telecommunications stock. The shares were acquired 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 purchased 28,952 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $14.69 per share, for a total transaction of $425,304.88.
• On Monday, July 14th, Ecp Fiber Holdings Gp, Llc acquired 21,137 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $15.28 per share, for a total transaction of $322,973.36.

Shenandoah Telecommunications Trading Down 2.5%

SHEN traded down $0.33 during mid-day trading on Monday, reaching $12.91. The stock had a trading volume of 400,532 shares, compared to its average volume of 284,066. The stock has a market capitalization of $708.24 million, a P/E ratio of -23.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73. The firm's fifty day simple moving average is $14.05 and its two-hundred day simple moving average is $12.67. Shenandoah Telecommunications Co has a 52 week low of $9.77 and a 52 week high of $18.84.

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, topping analysts' consensus estimates of ($0.20) by $0.01. The firm had revenue of $88.57 million during the quarter, compared to analysts' expectations 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, equities analysts predict that Shenandoah Telecommunications Co will post -0.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Shenandoah Telecommunications in the fourth quarter worth $101,000. LPL Financial LLC increased its stake in Shenandoah Telecommunications by 5.9% in the 4th quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider's stock valued at $485,000 after buying an additional 2,143 shares during the last quarter. Vanguard Group Inc. increased its stake in Shenandoah Telecommunications by 1.2% in the 4th 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 during the last quarter. JPMorgan Chase & Co. grew its position in shares of Shenandoah Telecommunications by 42.5% during the 4th quarter. JPMorgan Chase & Co. now owns 219,276 shares of the utilities provider's stock valued at $2,765,000 after acquiring an additional 65,426 shares during the period. Finally, Invesco Ltd. grew its position in shares of Shenandoah Telecommunications by 66.7% during the 4th quarter. Invesco Ltd. now owns 239,856 shares of the utilities provider's stock valued at $3,025,000 after acquiring an additional 96,006 shares during the period. 61.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BWS Financial reiterated a "buy" rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a report on Thursday, May 1st. Wall Street Zen raised Shenandoah Telecommunications from a "sell" rating to a "hold" rating in a research report on Saturday.

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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