Shenandoah Telecommunications Co $SHEN Holdings Raised by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL has increased its holdings in Shenandoah Telecommunications Co by 11.1%, acquiring an additional 25,000 shares to possess a total of 250,000 shares valued at approximately $3,142,000.
• Shenandoah Telecommunications reported a loss of $0.19 EPS for the last quarter, slightly outperforming the consensus estimate of a loss of $0.20 EPS, with a revenue of $88.57 million.
• Despite these developments, Shenandoah's stock is down by 1.3%, currently trading at $13.25, with a market cap of $726.90 million and a PE ratio of -23.66.

Gamco Investors INC. ET AL grew its holdings in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,000 shares of the utilities provider's stock after buying an additional 25,000 shares during the quarter. Gamco Investors INC. ET AL owned 0.46% of Shenandoah Telecommunications worth $3,142,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SHEN. GAMMA Investing LLC grew its holdings in Shenandoah Telecommunications by 2,104.3% during the 1st quarter. GAMMA Investing LLC now owns 192,258 shares of the utilities provider's stock worth $2,417,000 after acquiring an additional 183,536 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Shenandoah Telecommunications during the 1st quarter valued at approximately $1,710,000. Millennium Management LLC lifted its stake in Shenandoah Telecommunications by 28.8% during the fourth quarter. Millennium Management LLC now owns 302,755 shares of the utilities provider's stock worth $3,818,000 after purchasing an additional 67,715 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Shenandoah Telecommunications in the first quarter worth $819,000. Finally, Private Advisor Group LLC boosted its holdings in Shenandoah Telecommunications by 32.8% in the first quarter. Private Advisor Group LLC now owns 250,471 shares of the utilities provider's stock worth $3,148,000 after purchasing an additional 61,825 shares during the period. Hedge funds and other institutional investors own 61.96% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Shenandoah Telecommunications from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Shenandoah Telecommunications currently has an average rating of "Buy" and a consensus target price of $26.00.

Insider Buying and Selling

In other news, major shareholder Ecp Fiber Holdings Gp, Llc bought 30,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were purchased at an average cost of $14.62 per share, with a total value of $438,600.00. Following the completion of the acquisition, the insider directly owned 2,903,506 shares in the company, valued at approximately $42,449,257.72. The trade was a 1.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ecp Controlco, Llc acquired 30,000 shares of the stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $12.52 per share, for a total transaction of $375,600.00. Following the purchase, the insider directly owned 3,221,550 shares in the company, valued at approximately $40,333,806. The trade was a 0.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 662,183 shares of company stock worth $9,220,642 in the last quarter. Company insiders own 4.51% of the company's stock.

Shenandoah Telecommunications Stock Performance

Shares of SHEN traded down $0.26 during trading hours on Tuesday, reaching $13.00. 198,383 shares of the company's stock traded hands, compared to its average volume of 288,868. Shenandoah Telecommunications Co has a twelve month low of $9.77 and a twelve month high of $16.89. The business's fifty day simple moving average is $13.86 and its two-hundred day simple moving average is $12.88. 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 firm has a market capitalization of $712.91 million, a price-to-earnings ratio of -23.22 and a beta of 0.87.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.01. Shenandoah Telecommunications had a negative net margin of 8.90% and a negative return on equity of 3.78%. The firm had revenue of $88.57 million for the quarter, compared to analysts' expectations of $89.94 million. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. Analysts predict that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current year.

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.