Ecp Controlco, Llc Purchases 2,068 Shares of Shenandoah Telecommunications (NASDAQ:SHEN) Stock

Key Points

• Ecp Controlco, Llc, a major shareholder of Shenandoah Telecommunications, acquired 2,068 shares at $12.96 each, totaling $26,801.28, increasing its ownership to approximately 3.44 million shares valued at nearly $44.56 million.
• In recent weeks, Ecp Controlco also purchased additional shares at varying prices, including 3,000 shares at $13.45 for $40,350 and 12,000 shares at $13.25 for $159,000.
• Schenandoah Telecommunications reported a quarterly earnings loss of ($0.19) per share, beating estimates, but posted a negative net margin of -8.90% and a negative return on equity.

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Controlco, Llc acquired 2,068 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were acquired at an average price of $12.96 per share, for a total transaction of $26,801.28. Following the acquisition, the insider directly owned 3,438,252 shares in the company, valued at $44,559,745.92. This represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, September 9th, Ecp Controlco, Llc acquired 362 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $13.39 per share, for a total transaction of $4,847.18.
• On Monday, September 8th, Ecp Controlco, Llc bought 147 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $13.46 per share, for a total transaction of $1,978.62.
• On Friday, September 5th, Ecp Controlco, Llc bought 3,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $13.45 per share, for a total transaction of $40,350.00.
• On Friday, August 29th, Ecp Controlco, Llc bought 12,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $13.25 per share, for a total transaction of $159,000.00.
• On Thursday, August 28th, Ecp Controlco, Llc bought 14,358 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $13.26 per share, for a total transaction of $190,387.08.
• On Thursday, August 28th, Ecp Controlco, Llc bought 14,358 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $13.26 per share, for a total transaction of $190,387.08.
• On Monday, August 11th, Ecp Controlco, Llc bought 30,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $11.88 per share, for a total transaction of $356,400.00.
• On Friday, August 8th, Ecp Controlco, Llc bought 30,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.52 per share, for a total transaction of $375,600.00.
• On Wednesday, July 30th, Ecp Controlco, Llc bought 17,303 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $14.88 per share, for a total transaction of $257,468.64.
• On Tuesday, July 29th, Ecp Controlco, Llc bought 19,852 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $14.88 per share, for a total transaction of $295,397.76.

Shenandoah Telecommunications Stock Down 1.0%

NASDAQ SHEN traded down $0.14 during trading on Friday, hitting $13.56. The stock had a trading volume of 268,883 shares, compared to its average volume of 295,314. The company has a market capitalization of $743.90 million, a PE ratio of -24.21 and a beta of 0.87. The company's 50-day moving average price is $13.72 and its two-hundred day moving average price is $13.00. 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 Co has a 12 month low of $9.77 and a 12 month high of $16.89.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.01. Shenandoah Telecommunications had a negative return on equity of 3.78% and a negative net margin of 8.90%.The company had revenue of $88.57 million for the quarter, compared to analysts' expectations of $89.94 million. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Shenandoah Telecommunications Co will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Shenandoah Telecommunications from a "hold" rating to a "strong sell" rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Shenandoah Telecommunications currently has a consensus rating of "Buy" and an average price target of $26.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Shenandoah Telecommunications by 7.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,831 shares of the utilities provider's stock valued at $162,000 after buying an additional 855 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Shenandoah Telecommunications by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,768 shares of the utilities provider's stock valued at $256,000 after buying an additional 986 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Shenandoah Telecommunications by 2.1% during the 2nd quarter. Intech Investment Management LLC now owns 50,706 shares of the utilities provider's stock valued at $693,000 after acquiring an additional 1,045 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 acquiring an additional 1,061 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Shenandoah Telecommunications by 3.6% during the 1st 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 and hedge funds.

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.