Ecp Controlco, Llc Buys 16,467 Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) Stock

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Controlco, Llc purchased 16,467 shares of Shenandoah Telecommunications stock in a transaction dated Monday, July 21st. The shares were bought at an average cost of $15.02 per share, for a total transaction of $247,334.34. Following the transaction, the insider directly owned 2,939,977 shares of the company's stock, valued at approximately $44,158,454.54. The trade was a 0.56% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Ecp Controlco, Llc also recently made the following trade(s):

• On Tuesday, July 22nd, Ecp Controlco, Llc acquired 17,583 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $15.40 per share, with a total value of $270,778.20.
• On Thursday, July 10th, Ecp Controlco, Llc bought 16,943 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $14.89 per share, with a total value of $252,281.27.
• On Wednesday, July 9th, Ecp Controlco, Llc bought 17,687 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $14.54 per share, with a total value of $257,168.98.
• On Thursday, June 5th, Ecp Controlco, Llc acquired 13,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $13.19 per share, with a total value of $171,470.00.
• On Wednesday, June 4th, Ecp Controlco, Llc bought 16,840 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $12.81 per share, with a total value of $215,720.40.
• On Tuesday, June 3rd, Ecp Controlco, Llc bought 26,623 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $12.85 per share, with a total value of $342,105.55.
• On Monday, June 2nd, Ecp Controlco, Llc bought 36,238 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $12.58 per share, with a total value of $455,874.04.

Shenandoah Telecommunications Stock Down 1.6%

Shares of Shenandoah Telecommunications stock traded down $0.25 during midday trading on Friday, reaching $15.16. 117,571 shares of the company's stock traded hands, compared to its average volume of 280,493. The company has a market cap of $831.40 million, a price-to-earnings ratio of -24.85 and a beta of 0.89. Shenandoah Telecommunications Co has a 52 week low of $9.77 and a 52 week high of $21.89. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.20. The company's 50 day simple moving average is $13.65 and its 200 day simple moving average is $12.55.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the company earned ($0.07) earnings per share. Equities analysts expect 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 issued reports on SHEN. BWS Financial reiterated a "buy" rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Shenandoah Telecommunications to a "sell" rating in a report on Thursday, May 8th.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of hedge funds have recently bought and sold shares of SHEN. Proficio Capital Partners LLC bought a new position in shares of Shenandoah Telecommunications during the 4th quarter worth about $260,000. American Century Companies Inc. increased its holdings 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 worth $5,463,000 after purchasing an additional 48,233 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Shenandoah Telecommunications during the 4th quarter worth about $101,000. LPL Financial LLC increased its holdings in shares of Shenandoah Telecommunications by 5.9% during the 4th quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider's stock worth $485,000 after purchasing an additional 2,143 shares during the period. Finally, Vanguard Group Inc. increased its stake in Shenandoah Telecommunications by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider's stock valued at $69,731,000 after acquiring an additional 68,133 shares during the period. 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.