Shenandoah Telecommunications (NASDAQ:SHEN) Major Shareholder Ecp Controlco, Llc Purchases 3,000 Shares

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 bought 3,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was purchased at an average cost of $13.45 per share, with a total value of $40,350.00. Following the completion of the transaction, the insider directly owned 3,441,252 shares of the company's stock, valued at approximately $46,284,839.40. The trade was a 0.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, September 9th, Ecp Controlco, Llc purchased 362 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $13.39 per share, with a total value of $4,847.18.
• On Monday, September 8th, Ecp Controlco, Llc purchased 147 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $13.46 per share, with a total value of $1,978.62.
• On Thursday, September 4th, Ecp Controlco, Llc acquired 2,068 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $12.96 per share, with a total value of $26,801.28.
• On Friday, August 29th, Ecp Controlco, Llc acquired 12,000 shares of Shenandoah Telecommunications stock. The shares were acquired 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 acquired at an average cost 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 acquired at an average cost of $13.26 per share, with a total value of $190,387.08.
• On Monday, August 11th, Ecp Controlco, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $11.88 per share, with a total value of $356,400.00.
• On Friday, August 8th, Ecp Controlco, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $12.52 per share, with a total value of $375,600.00.
• On Wednesday, July 30th, Ecp Controlco, Llc purchased 17,303 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $14.88 per share, with a total value of $257,468.64.
• On Tuesday, July 29th, Ecp Controlco, Llc bought 19,852 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $14.88 per share, with a total value of $295,397.76.

Shenandoah Telecommunications Trading Down 1.0%

Shares of NASDAQ SHEN traded down $0.14 during midday trading on Friday, reaching $13.56. The company had a trading volume of 268,883 shares, compared to its average volume of 295,314. Shenandoah Telecommunications Co has a one year low of $9.77 and a one year high of $16.89. 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 firm's fifty day moving average price is $13.72 and its 200-day moving average price is $13.00. The stock has a market cap of $743.90 million, a PE ratio of -24.21 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) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.01. Shenandoah Telecommunications had a negative return on equity of 3.78% and a negative net margin of 8.90%.The company had revenue of $88.57 million during the quarter, compared to analyst estimates of $89.94 million. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $26.00.

Hedge Funds Weigh In On Shenandoah Telecommunications

Hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC bought a new position in shares of Shenandoah Telecommunications during the 1st quarter valued at $50,000. State of Wyoming bought a new position in shares of Shenandoah Telecommunications during the 2nd quarter valued at $65,000. Tower Research Capital LLC TRC lifted its holdings in shares of Shenandoah Telecommunications by 80.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider's stock valued at $68,000 after buying an additional 2,228 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Shenandoah Telecommunications in the 2nd quarter worth $76,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Shenandoah Telecommunications in the 1st quarter worth $76,000. 61.96% of the stock is owned by institutional investors.

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.