Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Ecp Fiber Holdings Gp, Llc Acquires 28,952 Shares

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc acquired 28,952 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was acquired at an average price of $14.69 per share, for a total transaction of $425,304.88. Following the purchase, the insider directly owned 2,851,104 shares of the company's stock, valued at approximately $41,882,717.76. This trade represents a 1.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% 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 Wednesday, July 16th, Ecp Fiber Holdings Gp, Llc bought 22,402 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $14.59 per share, with a total value of $326,845.18.
• On Monday, July 14th, Ecp Fiber Holdings Gp, Llc purchased 21,137 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $15.28 per share, for a total transaction of $322,973.36.
• On Friday, July 11th, Ecp Fiber Holdings Gp, Llc bought 8,000 shares of Shenandoah Telecommunications stock. The shares were 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 acquired 28,700 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price 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 stock was purchased at an average price of $14.40 per share, with a total value of $220,521.60.
• On Friday, June 13th, Ecp Fiber Holdings Gp, Llc purchased 6,000 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $13.73 per share, for a total transaction of $82,380.00.
• On Thursday, June 12th, Ecp Fiber Holdings Gp, Llc bought 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 stock was acquired at an average price of $13.75 per share, with a total value of $130,625.00.
• On Friday, June 6th, Ecp Fiber Holdings Gp, Llc acquired 14,184 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost of $13.42 per share, with a total value of $190,349.28.
• On Friday, May 30th, Ecp Fiber Holdings Gp, Llc purchased 30,339 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $12.55 per share, with a total value of $380,754.45.

Shenandoah Telecommunications Stock Performance

Shares of NASDAQ:SHEN traded up $0.15 during midday trading on Thursday, reaching $14.73. The company had a trading volume of 456,985 shares, compared to its average volume of 261,287. The stock has a market cap of $808.09 million, a P/E ratio of -24.15 and a beta of 0.89. The company's 50 day moving average price is $13.25 and its 200 day moving average price is $12.44. 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 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). The company had revenue of $87.90 million for the quarter, compared to the consensus estimate 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 in the prior year, the company earned ($0.07) earnings per share. As a group, sell-side analysts anticipate that Shenandoah Telecommunications Co will post -0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Shenandoah Telecommunications

Several hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC bought a new stake in Shenandoah Telecommunications in the 1st quarter valued at about $50,000. Acadian Asset Management LLC purchased a new stake in shares of Shenandoah Telecommunications during the first quarter worth $76,000. New Age Alpha Advisors LLC purchased a new position in Shenandoah Telecommunications during the 1st quarter valued at about $90,000. KLP Kapitalforvaltning AS bought a new stake in Shenandoah Telecommunications during the 4th quarter worth approximately $101,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Shenandoah Telecommunications in the fourth quarter worth $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.

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