Ecp Fiber Holdings Gp, Llc Buys 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 acquired 22,847 shares of the company's stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $14.74 per share, with a total value of $336,764.78. Following the completion of the acquisition, the insider directly owned 3,064,541 shares in the company, valued at approximately $45,171,334.34. This represents a 0.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% 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 Tuesday, August 5th, Ecp Fiber Holdings Gp, Llc purchased 26,117 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $13.12 per share, with a total value of $342,655.04.
• On Monday, August 4th, Ecp Fiber Holdings Gp, Llc acquired 23,703 shares of Shenandoah Telecommunications stock. The shares were purchased 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 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 purchased 10,264 shares of Shenandoah Telecommunications stock. The shares were purchased 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 bought 8,980 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $15.52 per share, with a total value of $139,369.60.
• On Wednesday, July 23rd, Ecp Fiber Holdings Gp, Llc purchased 15,801 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $15.64 per share, with a total value of $247,127.64.
• On Friday, July 18th, Ecp Fiber Holdings Gp, Llc purchased 20,004 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $14.83 per share, with a total value of $296,659.32.
• On Thursday, July 17th, Ecp Fiber Holdings Gp, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The stock was bought 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 cost of $14.59 per share, with a total value of $326,845.18.

Shenandoah Telecommunications Trading Down 0.8%

NASDAQ:SHEN traded down $0.10 during mid-day trading on Friday, reaching $12.63. 160,407 shares of the company's stock traded hands, compared to its average volume of 284,386. Shenandoah Telecommunications Co has a 12-month low of $9.77 and a 12-month high of $16.89. The firm has a market capitalization of $692.90 million, a price-to-earnings ratio of -22.45 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. The company has a 50 day moving average price of $14.12 and a 200-day moving average price of $12.69.

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

Analyst Upgrades and Downgrades

SHEN has been the subject of several research analyst reports. BWS Financial reaffirmed a "buy" rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research note on Thursday, May 1st. Wall Street Zen raised Shenandoah Telecommunications from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Shenandoah Telecommunications in the 4th quarter valued at approximately $101,000. LPL Financial LLC lifted its position 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 acquiring an additional 2,143 shares in the last quarter. Vanguard Group Inc. lifted its position 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 acquiring an additional 68,133 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Shenandoah Telecommunications by 42.5% in 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 in the last quarter. Finally, Invesco Ltd. lifted its position in Shenandoah Telecommunications by 66.7% in 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 in the last quarter. Hedge funds and other institutional investors own 61.96% of the company's stock.

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.