Insider Buying: Shenandoah Telecommunications (NASDAQ:SHEN) Major Shareholder Purchases 3,000 Shares of Stock

Key Points

• Ecp Controlco, Llc, a major shareholder of Shenandoah Telecommunications, has recently **purchased 3,000 shares** at an average price of **$13.45 per share**, increasing their total holdings to over 3.44 million shares.
• The company's shares are currently trading at **$13.63**, reflecting a **1.3% increase**, with a market capitalization of **$747.74 million** and a consensus rating of **"Buy"** from analysts.
• Shenandoah Telecommunications has faced challenges with a **negative return on equity of 3.78%** and reported a loss of **$0.19 earnings per share** in its last quarterly earnings report, slightly beating analysts' estimates.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Controlco, Llc acquired 3,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was purchased at an average price of $13.45 per share, for a total transaction of $40,350.00. Following the acquisition, the insider directly owned 3,441,252 shares in the company, valued at $46,284,839.40. This represents a 0.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Ecp Controlco, Llc also recently made the following trade(s):

• On Thursday, September 4th, Ecp Controlco, Llc purchased 2,068 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $12.96 per share, for a total transaction of $26,801.28.
• On Friday, August 29th, Ecp Controlco, Llc acquired 12,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $13.25 per share, with a total value of $159,000.00.
• On Thursday, August 28th, Ecp Controlco, Llc acquired 14,358 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $13.26 per share, with a total value of $190,387.08.
• On Thursday, August 28th, Ecp Controlco, Llc acquired 14,358 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $13.26 per share, with a total value of $190,387.08.
• On Monday, August 11th, Ecp Controlco, Llc acquired 30,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $11.88 per share, with a total value of $356,400.00.
• On Friday, August 8th, Ecp Controlco, Llc acquired 30,000 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $12.52 per share, with a total value of $375,600.00.
• On Wednesday, July 30th, Ecp Controlco, Llc acquired 17,303 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $14.88 per share, with a total value of $257,468.64.
• On Tuesday, July 29th, Ecp Controlco, Llc acquired 19,852 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $14.88 per share, with a total value of $295,397.76.
• On Tuesday, July 22nd, Ecp Controlco, Llc acquired 17,583 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $15.40 per share, with a total value of $270,778.20.
• On Monday, July 21st, Ecp Controlco, Llc acquired 16,467 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $15.02 per share, with a total value of $247,334.34.

Shenandoah Telecommunications Trading Up 1.3%

Shares of NASDAQ:SHEN traded up $0.18 during midday trading on Monday, reaching $13.63. 388,934 shares of the company's stock were exchanged, compared to its average volume of 291,638. The firm's 50 day simple moving average is $13.78 and its two-hundred day simple moving average is $12.93. 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 $747.74 million, a price-to-earnings ratio of -24.34 and a beta of 0.87. Shenandoah Telecommunications Co has a fifty-two week low of $9.77 and a fifty-two week high of $16.89.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 3.78% and a negative net margin of 8.90%. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Shenandoah Telecommunications Co will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Shenandoah Telecommunications

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming acquired a new position in shares of Shenandoah Telecommunications during the second quarter worth about $65,000. Public Sector Pension Investment Board grew its position in shares of Shenandoah Telecommunications by 8.0% during the second quarter. Public Sector Pension Investment Board now owns 157,115 shares of the utilities provider's stock worth $2,146,000 after buying an additional 11,635 shares in the last quarter. ECP ControlCo LLC grew its position in shares of Shenandoah Telecommunications by 10.7% during the second quarter. ECP ControlCo LLC now owns 2,714,371 shares of the utilities provider's stock worth $37,078,000 after buying an additional 261,987 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Shenandoah Telecommunications by 80.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider's stock worth $68,000 after buying an additional 2,228 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Shenandoah Telecommunications during the second quarter worth about $1,574,000. 61.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.

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