Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Buys $308,139.00 in Stock

Key Points

• Major shareholder Ecp Fiber Holdings Gp, Llc has recently purchased a total of $1,368,715.00 worth of Shenandoah Telecommunications stock across multiple transactions.
• Shenandoah Telecommunications reported a loss per share of ($0.19) for the last quarter, surpassing analysts' expectations of ($0.20), with revenue of $88.57 million.
• The company has a current market cap of $711.53 million, and analysts have set a target price range with BWS Financial suggesting a buy with a price target of $26.00.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc bought 23,703 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $308,139.00. Following the completion of the transaction, the insider directly owned 3,118,244 shares in the company, valued at approximately $40,537,172. This represents a 0.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, August 5th, Ecp Fiber Holdings Gp, Llc acquired 26,117 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $13.12 per share, for a total transaction of $342,655.04.
• On Friday, August 1st, Ecp Fiber Holdings Gp, Llc purchased 30,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $13.48 per share, with a total value of $404,400.00.
• On Thursday, July 31st, Ecp Fiber Holdings Gp, Llc purchased 22,847 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $14.74 per share, for a total transaction of $336,764.78.
• On Monday, July 28th, Ecp Fiber Holdings Gp, Llc bought 11,934 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $15.06 per share, for a total transaction of $179,726.04.
• On Friday, July 25th, Ecp Fiber Holdings Gp, Llc purchased 10,264 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $15.22 per share, for a total transaction of $156,218.08.
• On Thursday, July 24th, Ecp Fiber Holdings Gp, Llc acquired 8,980 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $15.52 per share, for a total transaction of $139,369.60.
• On Wednesday, July 23rd, Ecp Fiber Holdings Gp, Llc purchased 15,801 shares of Shenandoah Telecommunications stock. The stock was acquired at an average price of $15.64 per share, with a total value of $247,127.64.
• On Friday, July 18th, Ecp Fiber Holdings Gp, Llc purchased 20,004 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost of $14.83 per share, with a total value of $296,659.32.
• On Thursday, July 17th, Ecp Fiber Holdings Gp, Llc acquired 30,000 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost of $14.62 per share, for a total transaction of $438,600.00.
• On Wednesday, July 16th, Ecp Fiber Holdings Gp, Llc purchased 22,402 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $14.59 per share, with a total value of $326,845.18.

Shenandoah Telecommunications Trading Down 2.3%

NASDAQ:SHEN traded down $0.31 during trading hours on Wednesday, hitting $12.97. The company had a trading volume of 272,052 shares, compared to its average volume of 325,242. Shenandoah Telecommunications Co has a 1 year low of $9.77 and a 1 year high of $17.55. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $14.11 and a 200 day moving average of $12.68. The company has a market cap of $711.53 million, a P/E ratio of -23.16 and a beta of 0.90.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.01. Shenandoah Telecommunications had a negative net margin of 8.90% and a negative return on equity of 3.78%. The company had revenue of $88.57 million for the quarter, compared to the consensus estimate of $89.94 million. Sell-side analysts expect that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BWS Financial reissued a "buy" rating and set a $26.00 target price on shares of Shenandoah Telecommunications in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Shenandoah Telecommunications from a "sell" rating to a "hold" rating in a research report on Saturday.

Institutional Investors Weigh In On Shenandoah Telecommunications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new position in Shenandoah Telecommunications during the first quarter worth $50,000. Acadian Asset Management LLC purchased a new position in Shenandoah Telecommunications during the 1st quarter valued at about $76,000. New Age Alpha Advisors LLC acquired a new position in Shenandoah Telecommunications in the 1st quarter valued at about $90,000. KLP Kapitalforvaltning AS purchased a new stake in Shenandoah Telecommunications during the fourth quarter worth about $101,000. Finally, Two Sigma Investments LP purchased a new position in shares of Shenandoah Telecommunications in the fourth quarter valued at approximately $126,000. Institutional investors and hedge funds own 61.96% of the company's stock.

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.

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