Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Ecp Fiber Holdings Gp, Llc Acquires 20,004 Shares

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc acquired 20,004 shares of Shenandoah Telecommunications stock in a transaction that occurred on Friday, July 18th. The shares were purchased at an average cost of $14.83 per share, with a total value of $296,659.32. Following the transaction, the insider owned 2,923,510 shares of the company's stock, valued at approximately $43,355,653.30. The trade was a 0.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, July 17th, Ecp Fiber Holdings Gp, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $14.62 per share, with a total value of $438,600.00.
• On Wednesday, July 16th, Ecp Fiber Holdings Gp, Llc acquired 22,402 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost of $14.59 per share, with a total value of $326,845.18.
• On Tuesday, July 15th, Ecp Fiber Holdings Gp, Llc purchased 28,952 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $14.69 per share, for a total transaction of $425,304.88.
• On Monday, July 14th, Ecp Fiber Holdings Gp, Llc acquired 21,137 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $15.28 per share, for a total transaction of $322,973.36.
• On Friday, July 11th, Ecp Fiber Holdings Gp, Llc purchased 8,000 shares of Shenandoah Telecommunications stock. The shares were bought 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 acquired 28,700 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost of $14.67 per share, for a total transaction of $421,029.00.
• On Monday, July 7th, Ecp Fiber Holdings Gp, Llc bought 15,314 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $14.40 per share, for a total transaction of $220,521.60.
• On Friday, June 13th, Ecp Fiber Holdings Gp, Llc bought 6,000 shares of Shenandoah Telecommunications stock. The stock was purchased 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 purchased 11,100 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.85 per share, for a total transaction of $153,735.00.
• On Monday, June 9th, Ecp Fiber Holdings Gp, Llc purchased 9,500 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $13.75 per share, with a total value of $130,625.00.

Shenandoah Telecommunications Trading Up 0.4%

Shenandoah Telecommunications stock traded up $0.06 during trading on Tuesday, reaching $15.21. 372,733 shares of the company were exchanged, compared to its average volume of 262,750. The company has a market capitalization of $834.42 million, a P/E ratio of -24.93 and a beta of 0.89. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.20 and a quick ratio of 1.20. Shenandoah Telecommunications Co has a 52-week low of $9.77 and a 52-week high of $21.89. The stock's 50 day simple moving average is $13.43 and its two-hundred day simple moving average is $12.49.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Shenandoah Telecommunications by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider's stock worth $349,000 after acquiring an additional 1,061 shares in the last quarter. Nebula Research & Development LLC grew its stake in shares of Shenandoah Telecommunications by 5.5% during the fourth quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider's stock worth $278,000 after purchasing an additional 1,147 shares during the period. PAX Financial Group LLC increased its position in shares of Shenandoah Telecommunications by 3.8% in the fourth quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,353 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Shenandoah Telecommunications by 11.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider's stock valued at $173,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Shenandoah Telecommunications by 3.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 42,600 shares of the utilities provider's stock valued at $535,000 after acquiring an additional 1,500 shares during the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Shenandoah Telecommunications to a "sell" rating in a report on Thursday, May 8th. BWS Financial reaffirmed a "buy" rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Thursday, May 1st.

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.