Ecp Fiber Holdings Gp, Llc Purchases 15,314 Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc purchased 15,314 shares of the firm's stock in a transaction on Monday, July 7th. The stock was bought at an average price of $14.40 per share, with a total value of $220,521.60. Following the completion of the purchase, the insider owned 2,729,685 shares of the company's stock, valued at approximately $39,307,464. This represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major 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, July 8th, Ecp Fiber Holdings Gp, Llc purchased 28,700 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $14.67 per share, with a total value of $421,029.00.
• On Friday, June 13th, Ecp Fiber Holdings Gp, Llc bought 6,000 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.73 per share, with a total value of $82,380.00.
• On Thursday, June 12th, Ecp Fiber Holdings Gp, Llc bought 11,100 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.85 per share, with a total value of $153,735.00.
• On Monday, June 9th, Ecp Fiber Holdings Gp, Llc bought 9,500 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.75 per share, with a total value of $130,625.00.
• On Friday, June 6th, Ecp Fiber Holdings Gp, Llc bought 14,184 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.42 per share, with a total value of $190,349.28.
• On Friday, May 30th, Ecp Fiber Holdings Gp, Llc bought 30,339 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $12.55 per share, with a total value of $380,754.45.
• On Thursday, May 29th, Ecp Fiber Holdings Gp, Llc purchased 32,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $12.46 per share, with a total value of $398,720.00.
• On Wednesday, May 28th, Ecp Fiber Holdings Gp, Llc acquired 20,045 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $12.30 per share, with a total value of $246,553.50.
• On Tuesday, May 27th, Ecp Fiber Holdings Gp, Llc acquired 28,268 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $11.91 per share, with a total value of $336,671.88.

Shenandoah Telecommunications Price Performance

Shares of SHEN traded down $0.10 during midday trading on Friday, hitting $14.78. The company's stock had a trading volume of 176,745 shares, compared to its average volume of 257,504. Shenandoah Telecommunications Co has a one year low of $9.77 and a one year high of $21.89. The company's fifty day simple moving average is $13.06 and its two-hundred day simple moving average is $12.40. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $810.79 million, a price-to-earnings ratio of -24.23 and a beta of 0.89.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). The firm had revenue of $87.90 million for the quarter, compared to the consensus estimate of $89.31 million. Shenandoah Telecommunications had a negative return on equity of 3.18% and a negative net margin of 10.07%. During the same quarter in the prior year, the firm earned ($0.07) EPS. As a group, equities analysts expect that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SHEN. BWS Financial reaffirmed 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 upgraded Shenandoah Telecommunications to a "sell" rating in a research note on Thursday, May 8th.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of hedge funds and other institutional investors have recently bought and sold shares of SHEN. GAMMA Investing LLC grew its position 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 during the last quarter. Millennium Management LLC grew its position in Shenandoah Telecommunications by 48.3% during the 1st quarter. Millennium Management LLC now owns 448,976 shares of the utilities provider's stock worth $5,644,000 after acquiring an additional 146,221 shares during the last quarter. Nuveen LLC bought a new stake in Shenandoah Telecommunications during the 1st quarter worth $1,710,000. Goldman Sachs Group Inc. grew its position in Shenandoah Telecommunications by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 532,984 shares of the utilities provider's stock worth $6,700,000 after acquiring an additional 116,040 shares during the last quarter. Finally, Invesco Ltd. grew its position in Shenandoah Telecommunications by 66.7% during the 4th quarter. Invesco Ltd. now owns 239,856 shares of the utilities provider's stock worth $3,025,000 after acquiring an additional 96,006 shares during the last quarter. 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.