Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Ecp Fiber Holdings Gp, Llc Acquires 30,000 Shares

Key Points

• Ecp Fiber Holdings Gp, Llc, a major shareholder, purchased 30,000 shares of Shenandoah Telecommunications stock for a total of $404,400, reflecting a 0.98% increase in their ownership.
• Shenandoah Telecommunications reported a quarterly loss of ($0.19) EPS, slightly beating analysts' expectations, though with a negative net margin of 8.90%.
• Shares of Shenandoah Telecommunications traded down 2.5% to $12.91, with a 52-week trading range between $9.77 and $18.84.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc bought 30,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was bought at an average cost of $13.48 per share, with a total value of $404,400.00. Following the completion of the purchase, the insider owned 3,094,541 shares of the company's stock, valued at approximately $41,714,412.68. The trade was a 0.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions 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 stock was acquired at an average cost of $13.12 per share, for a total transaction of $342,655.04.
• On Monday, August 4th, Ecp Fiber Holdings Gp, Llc purchased 23,703 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $308,139.00.
• On Thursday, July 31st, Ecp Fiber Holdings Gp, Llc bought 22,847 shares of Shenandoah Telecommunications stock. The shares were acquired 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 acquired 11,934 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $15.06 per share, with a total value of $179,726.04.
• On Friday, July 25th, Ecp Fiber Holdings Gp, Llc acquired 10,264 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $15.22 per share, for a total transaction of $156,218.08.
• On Thursday, July 24th, Ecp Fiber Holdings Gp, Llc purchased 8,980 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $15.52 per share, for a total transaction of $139,369.60.
• On Wednesday, July 23rd, Ecp Fiber Holdings Gp, Llc acquired 15,801 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost 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 shares were bought at an average price 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 acquired 22,402 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $14.59 per share, for a total transaction of $326,845.18.

Shenandoah Telecommunications Stock Performance

Shares of SHEN traded down $0.08 during mid-day trading on Friday, reaching $12.65. 146,450 shares of the company's stock traded hands, compared to its average volume of 284,174. Shenandoah Telecommunications Co has a 12 month low of $9.77 and a 12 month high of $16.89. The stock has a market capitalization of $693.94 million, a P/E ratio of -22.65 and a beta of 0.90. The business's 50-day moving average price is $14.12 and its 200-day moving average price is $12.69. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $88.57 million during the quarter, compared to analyst estimates of $89.94 million. Equities analysts predict that Shenandoah Telecommunications Co will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on SHEN shares. BWS Financial reaffirmed 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 Shenandoah Telecommunications from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd.

Hedge Funds Weigh In On Shenandoah Telecommunications

Several large investors have recently bought and sold shares of SHEN. Ancora Advisors LLC bought a new position in Shenandoah Telecommunications in the first quarter valued at $50,000. Acadian Asset Management LLC bought a new stake in Shenandoah Telecommunications during the 1st quarter worth approximately $76,000. New Age Alpha Advisors LLC bought a new stake in shares of Shenandoah Telecommunications in the 1st quarter valued at $90,000. KLP Kapitalforvaltning AS bought a new stake in shares of Shenandoah Telecommunications in the 4th quarter valued at $101,000. Finally, Two Sigma Investments LP bought a new position in Shenandoah Telecommunications during the fourth quarter worth $126,000. 61.96% of the stock is currently owned by institutional investors and hedge funds.

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.