Ecp Fiber Holdings Gp, Llc Buys 25,104 Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock

Key Points

• Ecp Fiber Holdings Gp, Llc acquired 25,104 shares of Shenandoah Telecommunications Co stock at an average price of $12.71 per share, resulting in a total investment of approximately $319,071.84.
• The company recently reported a quarterly loss of ($0.19) earnings per share, which was better than analysts' expectations of ($0.20).
• Shenandoah Telecommunications has experienced significant institutional investing activity, with hedge funds increasing their holdings, including GAMMA Investing LLC, which raised its stake by 2,104.3%.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc purchased 25,104 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $12.71 per share, with a total value of $319,071.84. Following the completion of the purchase, the insider owned 3,191,550 shares in the company, valued at $40,564,600.50. This represents a 0.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, August 6th, Ecp Fiber Holdings Gp, Llc acquired 22,085 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $13.01 per share, with a total value of $287,325.85.
• On Tuesday, August 5th, Ecp Fiber Holdings Gp, Llc bought 26,117 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.12 per share, with a total value of $342,655.04.
• On Monday, August 4th, Ecp Fiber Holdings Gp, Llc bought 23,703 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $13.00 per share, for a total transaction of $308,139.00.
• On Friday, August 1st, Ecp Fiber Holdings Gp, Llc acquired 30,000 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost 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 stock was purchased at an average price of $14.74 per share, with a total value of $336,764.78.
• On Monday, July 28th, Ecp Fiber Holdings Gp, Llc acquired 11,934 shares of Shenandoah Telecommunications stock. The stock was bought 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 bought 10,264 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $15.22 per share, with a total value of $156,218.08.
• On Thursday, July 24th, Ecp Fiber Holdings Gp, Llc purchased 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 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 bought 20,004 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $14.83 per share, for a total transaction of $296,659.32.

Shenandoah Telecommunications Trading Up 2.1%

NASDAQ SHEN traded up $0.27 during mid-day trading on Wednesday, reaching $13.02. 78,151 shares of the stock were exchanged, compared to its average volume of 287,427. Shenandoah Telecommunications Co has a one year low of $9.77 and a one year high of $16.89. 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 stock has a market cap of $714.28 million, a P/E ratio of -23.30 and a beta of 0.90. The stock has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $12.71.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SHEN. Ancora Advisors LLC purchased a new position in Shenandoah Telecommunications during the first quarter worth about $50,000. Acadian Asset Management LLC purchased a new stake in shares of Shenandoah Telecommunications during the 1st quarter valued at approximately $76,000. New Age Alpha Advisors LLC purchased a new stake in shares of Shenandoah Telecommunications during the 1st quarter valued at approximately $90,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Shenandoah Telecommunications during the 4th quarter valued at approximately $101,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Shenandoah Telecommunications during the 4th quarter valued at approximately $126,000. 61.96% of the stock is currently owned by institutional investors and hedge funds.

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.