Vanguard Group Inc. Sells 1,015,269 Shares of Shenandoah Telecommunications Co $SHEN

Vanguard Group Inc. trimmed its holdings in Shenandoah Telecommunications Co (NASDAQ:SHEN - Free Report) by 18.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,514,578 shares of the utilities provider's stock after selling 1,015,269 shares during the period. Vanguard Group Inc. owned 8.23% of Shenandoah Telecommunications worth $56,748,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SHEN. GAMMA Investing LLC boosted its holdings in shares of Shenandoah Telecommunications by 75.4% during the 1st quarter. GAMMA Investing LLC now owns 15,295 shares of the utilities provider's stock worth $192,000 after buying an additional 6,573 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Shenandoah Telecommunications by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 228,612 shares of the utilities provider's stock worth $2,874,000 after buying an additional 6,024 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Shenandoah Telecommunications by 32.8% during the 1st quarter. Private Advisor Group LLC now owns 250,471 shares of the utilities provider's stock worth $3,148,000 after buying an additional 61,825 shares during the period. Two Sigma Investments LP bought a new stake in shares of Shenandoah Telecommunications during the 4th quarter worth $126,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Shenandoah Telecommunications by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider's stock worth $349,000 after buying an additional 1,061 shares during the period. 61.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Shenandoah Telecommunications news, major shareholder Ecp Controlco, Llc bought 30,000 shares of Shenandoah Telecommunications stock in a transaction dated Monday, August 11th. The shares were bought at an average price of $11.88 per share, with a total value of $356,400.00. Following the purchase, the insider owned 3,251,550 shares of the company's stock, valued at $38,628,414. This trade represents a 0.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher E. French bought 16,800 shares of Shenandoah Telecommunications stock in a transaction dated Monday, August 11th. The stock was acquired at an average cost of $11.83 per share, for a total transaction of $198,744.00. Following the purchase, the chief executive officer directly owned 410,517 shares in the company, valued at approximately $4,856,416.11. The trade was a 4.27% increase in their position. The disclosure for this purchase can be found here. Insiders bought 830,196 shares of company stock worth $11,309,312 in the last quarter. 4.51% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SHEN shares. Wall Street Zen downgraded shares of Shenandoah Telecommunications from a "hold" rating to a "strong sell" rating in a report on Sunday, August 10th. 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. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $26.00.

Shenandoah Telecommunications Price Performance

Shares of Shenandoah Telecommunications stock opened at $13.18 on Monday. Shenandoah Telecommunications Co has a fifty-two week low of $9.77 and a fifty-two week high of $16.89. The company has a market cap of $723.05 million, a PE ratio of -23.54 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 firm has a fifty day moving average price of $13.95 and a two-hundred day moving average price of $12.82.

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

Shenandoah Telecommunications 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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