28,600 Shares in Shenandoah Telecommunications Co $SHEN Acquired by Versor Investments LP

Key Points

• Versor Investments LP has invested $360,000 in Shenandoah Telecommunications Co, acquiring 28,600 shares, which represents about 0.05% of the company.
• Shenandoah Telecommunications stock is currently trading at $12.53, with a market capitalization of $687.40 million and a consensus price target of $26.00 from analysts.
• Insider trading activity has been notable, with significant acquisitions by major shareholders, including CEO Christopher E. French, who increased his stake by 4.27%.

Versor Investments LP purchased a new position in Shenandoah Telecommunications Co (NASDAQ:SHEN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 28,600 shares of the utilities provider's stock, valued at approximately $360,000. Versor Investments LP owned approximately 0.05% of Shenandoah Telecommunications as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. New Age Alpha Advisors LLC bought a new stake in shares of Shenandoah Telecommunications in the first quarter worth $90,000. Two Sigma Investments LP acquired a new stake in Shenandoah Telecommunications during the fourth quarter valued at approximately $126,000. Tower Research Capital LLC TRC raised its stake in Shenandoah Telecommunications by 11.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider's stock valued at $173,000 after buying an additional 1,380 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in Shenandoah Telecommunications during the fourth quarter valued at approximately $175,000. Finally, ProShare Advisors LLC raised its stake in Shenandoah Telecommunications by 44.7% during the fourth quarter. ProShare Advisors LLC now owns 14,622 shares of the utilities provider's stock valued at $184,000 after buying an additional 4,517 shares in the last quarter. Institutional investors and hedge funds own 61.96% of the company's stock.

Shenandoah Telecommunications Price Performance

Shenandoah Telecommunications stock traded up $0.0850 during midday trading on Monday, hitting $13.2650. The company's stock had a trading volume of 140,829 shares, compared to its average volume of 288,155. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average price is $13.95 and its 200-day moving average price is $12.82. Shenandoah Telecommunications Co has a 12 month low of $9.77 and a 12 month high of $16.89. The company has a market capitalization of $727.72 million, a PE ratio of -23.65 and a beta of 0.90.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. The firm had revenue of $88.57 million for 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 anticipate that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current fiscal year.

Insider Transactions at Shenandoah Telecommunications

In other Shenandoah Telecommunications news, major shareholder Ecp Controlco, Llc bought 30,000 shares of the stock in a transaction on 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 directly owned 3,251,550 shares in the company, valued at $38,628,414. The trade was a 0.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher E. French bought 16,800 shares of the stock in a transaction on Monday, August 11th. The shares were 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 owned 410,517 shares in the company, valued at approximately $4,856,416.11. This represents a 4.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 830,196 shares of company stock valued at $11,309,312 in the last three months. 4.51% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SHEN has been the subject of a number of recent analyst reports. BWS Financial reissued a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, May 1st. Wall Street Zen lowered Shenandoah Telecommunications from a "hold" rating to a "strong sell" rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $26.00.

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.