Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Ecp Fiber Holdings Gp, Llc Purchases 10,264 Shares

Key Points

• Ecp Fiber Holdings Gp, Llc, a major shareholder of Shenandoah Telecommunications, acquired 10,264 shares worth $156,218.08 at an average price of $15.22 per share, increasing their total holdings to approximately 2.99 million shares.
• Shenandoah Telecommunications reported a net loss of $0.19 per share in their most recent quarter, missing analyst expectations of a loss of $0.14 per share.
• Wall Street analysts have shown a mixed outlook, with some raising the stock to a "sell" rating and others maintaining a "buy" rating with a target price of $26.00.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc purchased 10,264 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average cost of $15.22 per share, for a total transaction of $156,218.08. Following the acquisition, the insider owned 2,992,605 shares in the company, valued at approximately $45,547,448.10. The trade was a 0.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Ecp Fiber Holdings Gp, Llc also recently made the following trade(s):

• On Monday, July 28th, Ecp Fiber Holdings Gp, Llc purchased 11,934 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $15.06 per share, for a total transaction of $179,726.04.
• On Thursday, July 24th, Ecp Fiber Holdings Gp, Llc acquired 8,980 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost of $15.52 per share, with a total value of $139,369.60.
• On Wednesday, July 23rd, Ecp Fiber Holdings Gp, Llc acquired 15,801 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $15.64 per share, with a total value of $247,127.64.
• On Friday, July 18th, Ecp Fiber Holdings Gp, Llc acquired 20,004 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $14.83 per share, for a total transaction of $296,659.32.
• On Thursday, July 17th, Ecp Fiber Holdings Gp, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $14.62 per share, for a total transaction of $438,600.00.
• On Wednesday, July 16th, Ecp Fiber Holdings Gp, Llc acquired 22,402 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $14.59 per share, for a total transaction of $326,845.18.
• On Tuesday, July 15th, Ecp Fiber Holdings Gp, Llc acquired 28,952 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $14.69 per share, for a total transaction of $425,304.88.
• On Monday, July 14th, Ecp Fiber Holdings Gp, Llc bought 21,137 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $15.28 per share, with a total value of $322,973.36.
• On Friday, July 11th, Ecp Fiber Holdings Gp, Llc purchased 8,000 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $14.76 per share, with a total value of $118,080.00.
• On Tuesday, July 8th, Ecp Fiber Holdings Gp, Llc purchased 28,700 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $14.67 per share, for a total transaction of $421,029.00.

Shenandoah Telecommunications Stock Down 8.2%

NASDAQ SHEN traded down $1.20 during trading on Friday, reaching $13.48. 229,565 shares of the company's stock traded hands, compared to its average volume of 280,718. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $739.51 million, a price-to-earnings ratio of -21.98 and a beta of 0.89. The company's 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $12.64. Shenandoah Telecommunications Co has a 12-month low of $9.77 and a 12-month high of $20.42.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.01. Shenandoah Telecommunications had a negative net margin of 10.07% and a negative return on equity of 3.18%. The business had revenue of $88.57 million during the quarter, compared to analysts' expectations of $89.94 million. As a group, sell-side analysts forecast that Shenandoah Telecommunications Co will post -0.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BWS Financial reiterated a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Thursday, May 1st. Wall Street Zen raised shares of Shenandoah Telecommunications to a "sell" rating in a report on Thursday, May 8th.

Hedge Funds Weigh In On Shenandoah Telecommunications

Several hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in shares of Shenandoah Telecommunications by 12.5% during the 4th quarter. American Century Companies Inc. now owns 433,218 shares of the utilities provider's stock valued at $5,463,000 after acquiring an additional 48,233 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Shenandoah Telecommunications in the 4th quarter valued at approximately $101,000. LPL Financial LLC raised its position in shares of Shenandoah Telecommunications by 5.9% in the 4th quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider's stock valued at $485,000 after purchasing an additional 2,143 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Shenandoah Telecommunications by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider's stock valued at $69,731,000 after purchasing an additional 68,133 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Shenandoah Telecommunications by 42.5% during the 4th quarter. JPMorgan Chase & Co. now owns 219,276 shares of the utilities provider's stock valued at $2,765,000 after acquiring an additional 65,426 shares in the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Company 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.