Ecp Controlco, Llc Buys 17,687 Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Controlco, Llc acquired 17,687 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were purchased at an average cost of $14.54 per share, for a total transaction of $257,168.98. Following the completion of the acquisition, the insider owned 2,776,072 shares in the company, valued at $40,364,086.88. This represents a 0.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large 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 Thursday, July 10th, Ecp Controlco, Llc acquired 16,943 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $14.89 per share, for a total transaction of $252,281.27.
• On Thursday, June 5th, Ecp Controlco, Llc purchased 13,000 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $13.19 per share, for a total transaction of $171,470.00.
• On Wednesday, June 4th, Ecp Controlco, Llc purchased 16,840 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $12.81 per share, for a total transaction of $215,720.40.
• On Tuesday, June 3rd, Ecp Controlco, Llc purchased 26,623 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $12.85 per share, for a total transaction of $342,105.55.
• On Monday, June 2nd, Ecp Controlco, Llc purchased 36,238 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $12.58 per share, for a total transaction of $455,874.04.

Shenandoah Telecommunications Trading Down 0.7%

Shares of SHEN stock traded down $0.10 during trading hours on Friday, reaching $14.78. The company's stock had a trading volume of 176,745 shares, compared to its average volume of 258,143. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. Shenandoah Telecommunications Co has a one year low of $9.77 and a one year high of $21.89. The stock has a market capitalization of $810.83 million, a P/E ratio of -24.23 and a beta of 0.89. The firm's fifty day simple moving average is $13.06 and its 200 day simple moving average is $12.40.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SHEN. Wall Street Zen upgraded Shenandoah Telecommunications to a "sell" rating in a research report on Thursday, May 8th. BWS Financial reiterated a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Thursday, May 1st.

Institutional Investors Weigh In On Shenandoah Telecommunications

Several hedge funds have recently made changes to their positions in SHEN. Ancora Advisors LLC purchased a new position in Shenandoah Telecommunications during the first quarter valued at $50,000. Acadian Asset Management LLC purchased a new position in Shenandoah Telecommunications during the first quarter valued at $76,000. New Age Alpha Advisors LLC purchased a new position in Shenandoah Telecommunications during the first quarter valued at $90,000. KLP Kapitalforvaltning AS purchased a new position in Shenandoah Telecommunications during the fourth quarter valued at $101,000. Finally, Two Sigma Investments LP purchased a new position in Shenandoah Telecommunications during the fourth quarter valued at $126,000. 61.96% of the stock is currently owned by 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.