Shenandoah Telecommunications (NASDAQ:SHEN) Major Shareholder Acquires $26,801.28 in 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 bought 2,068 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was acquired at an average price of $12.96 per share, for a total transaction of $26,801.28. Following the completion of the acquisition, the insider directly owned 3,438,252 shares in the company, valued at approximately $44,559,745.92. This represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more 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 Friday, September 5th, Ecp Controlco, Llc purchased 3,000 shares of Shenandoah Telecommunications stock. The shares were 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 purchased 12,000 shares of Shenandoah Telecommunications stock. The shares were 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 purchased 14,358 shares of Shenandoah Telecommunications stock. The shares were 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 acquired 14,358 shares of Shenandoah Telecommunications stock. The shares were 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 acquired 30,000 shares of Shenandoah Telecommunications stock. The shares were 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 acquired 30,000 shares of Shenandoah Telecommunications stock. The shares were 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 acquired 17,303 shares of Shenandoah Telecommunications stock. The shares were 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 acquired 19,852 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $14.88 per share, for a total transaction of $295,397.76.
• On Tuesday, July 22nd, Ecp Controlco, Llc acquired 17,583 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $15.40 per share, for a total transaction of $270,778.20.
• On Monday, July 21st, Ecp Controlco, Llc acquired 16,467 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $15.02 per share, for a total transaction of $247,334.34.

Shenandoah Telecommunications Trading Up 1.3%

NASDAQ SHEN traded up $0.18 on Monday, hitting $13.63. 388,934 shares of the stock were exchanged, compared to its average volume of 291,638. Shenandoah Telecommunications Co has a 52-week low of $9.77 and a 52-week high of $16.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $747.74 million, a price-to-earnings ratio of -24.34 and a beta of 0.87. The company's 50-day moving average price is $13.78 and its two-hundred day moving average price is $12.93.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share for the quarter, topping 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 firm 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. Research analysts predict that Shenandoah Telecommunications Co will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Shenandoah Telecommunications by 7.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,831 shares of the utilities provider's stock worth $162,000 after purchasing an additional 855 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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 during the last quarter. Intech Investment Management LLC grew its stake in Shenandoah Telecommunications by 2.1% in the 2nd quarter. Intech Investment Management LLC now owns 50,706 shares of the utilities provider's stock valued at $693,000 after buying an additional 1,045 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Shenandoah Telecommunications by 4.0% in 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 buying an additional 1,061 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Shenandoah Telecommunications by 3.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 42,600 shares of the utilities provider's stock valued at $535,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 61.96% of the company's stock.

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.

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