Ecp Controlco, Llc Buys 13,000 Shares of Shenandoah Telecommunications (NASDAQ:SHEN) Stock

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Controlco, Llc purchased 13,000 shares of the business's stock in a transaction on Thursday, June 5th. The shares were acquired at an average price of $13.19 per share, for a total transaction of $171,470.00. Following the completion of the acquisition, the insider now directly owns 2,655,737 shares in the company, valued at approximately $35,029,171.03. This represents a 0.49% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 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 Wednesday, June 4th, Ecp Controlco, Llc bought 16,840 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.81 per share, for a total transaction of $215,720.40.
• On Tuesday, June 3rd, Ecp Controlco, Llc acquired 26,623 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $12.85 per share, for a total transaction of $342,105.55.
• On Monday, June 2nd, Ecp Controlco, Llc acquired 36,238 shares of Shenandoah Telecommunications stock. The stock was purchased at an average cost of $12.58 per share, with a total value of $455,874.04.

Shenandoah Telecommunications Stock Up 1.4%

Shenandoah Telecommunications stock traded up $0.19 during mid-day trading on Monday, hitting $13.69. The company had a trading volume of 264,585 shares, compared to its average volume of 251,758. The company has a market capitalization of $750.99 million, a PE ratio of 3.61 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44. Shenandoah Telecommunications has a 12 month low of $9.77 and a 12 month high of $21.89. The stock's 50 day moving average price is $12.29 and its two-hundred day moving average price is $12.24.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last announced 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). The business had revenue of $87.90 million for the quarter, compared to the consensus estimate of $89.31 million. Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. During the same period in the previous year, the company earned ($0.07) earnings per share. As a group, sell-side analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Shenandoah Telecommunications by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider's stock valued at $349,000 after purchasing an additional 1,061 shares in the last quarter. Nebula Research & Development LLC lifted its holdings in Shenandoah Telecommunications by 5.5% in the fourth quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider's stock valued at $278,000 after acquiring an additional 1,147 shares during the period. PAX Financial Group LLC lifted its holdings in Shenandoah Telecommunications by 3.8% in the fourth quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider's stock valued at $468,000 after acquiring an additional 1,353 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Shenandoah Telecommunications by 11.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider's stock valued at $173,000 after acquiring an additional 1,380 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Shenandoah Telecommunications by 3.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 42,600 shares of the utilities provider's stock valued at $535,000 after acquiring an additional 1,500 shares during the period. 61.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SHEN. BWS Financial restated 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 raised Shenandoah Telecommunications to a "sell" rating in a research note on Thursday, May 8th.

About Shenandoah Telecommunications

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.