Insider Buying: Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Buys 21,137 Shares of Stock

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc purchased 21,137 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were bought at an average price of $15.28 per share, with a total value of $322,973.36. Following the acquisition, the insider directly owned 2,822,152 shares of the company's stock, valued at $43,122,482.56. This represents a 0.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Friday, July 11th, Ecp Fiber Holdings Gp, Llc acquired 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 bought at an average price of $14.67 per share, with a total value of $421,029.00.
• On Monday, July 7th, Ecp Fiber Holdings Gp, Llc acquired 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 acquired 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 acquired 11,100 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $13.85 per share, with a total value of $153,735.00.
• On Monday, June 9th, Ecp Fiber Holdings Gp, Llc bought 9,500 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $13.75 per share, for a total transaction of $130,625.00.
• On Friday, June 6th, Ecp Fiber Holdings Gp, Llc bought 14,184 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $13.42 per share, for a total transaction of $190,349.28.
• On Friday, May 30th, Ecp Fiber Holdings Gp, Llc purchased 30,339 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $12.55 per share, with a total value of $380,754.45.
• On Thursday, May 29th, Ecp Fiber Holdings Gp, Llc acquired 32,000 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost of $12.46 per share, for a total transaction of $398,720.00.
• On Wednesday, May 28th, Ecp Fiber Holdings Gp, Llc bought 20,045 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $12.30 per share, with a total value of $246,553.50.

Shenandoah Telecommunications Price Performance

NASDAQ:SHEN traded up $0.15 during trading hours on Thursday, hitting $14.73. 456,985 shares of the company's stock traded hands, compared to its average volume of 260,940. The firm has a market cap of $808.04 million, a P/E ratio of -24.15 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.55. The business's fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $12.44. Shenandoah Telecommunications Co has a 52 week low of $9.77 and a 52 week high of $21.89.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SHEN. Wall Street Zen upgraded shares of 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 target price on shares of Shenandoah Telecommunications in a research note on Thursday, May 1st.

Institutional Trading of Shenandoah Telecommunications

Several hedge funds and other institutional investors have recently bought and sold shares of SHEN. GAMMA Investing LLC grew its holdings in shares of Shenandoah Telecommunications by 75.4% in the first quarter. GAMMA Investing LLC now owns 15,295 shares of the utilities provider's stock worth $192,000 after purchasing an additional 6,573 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $349,000 after buying an additional 1,061 shares during the period. Two Sigma Investments LP bought a new stake in Shenandoah Telecommunications in the 4th quarter worth $126,000. Barclays PLC increased its position in shares of Shenandoah Telecommunications by 6.6% in the fourth quarter. Barclays PLC now owns 85,404 shares of the utilities provider's stock valued at $1,078,000 after acquiring an additional 5,253 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Shenandoah Telecommunications by 12.5% during the fourth 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. Institutional investors 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.