Shenandoah Telecommunications Co (NASDAQ:SHEN) Major Shareholder Ecp Fiber Holdings Gp, Llc Purchases 11,100 Shares

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc acquired 11,100 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $13.85 per share, with a total value of $153,735.00. Following the completion of the acquisition, the insider now directly owns 2,708,371 shares in the company, valued at approximately $37,510,938.35. This represents a 0.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Ecp Fiber Holdings Gp, Llc also recently made the following trade(s):

• On Friday, June 13th, Ecp Fiber Holdings Gp, Llc bought 6,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $13.73 per share, with a total value of $82,380.00.
• On Monday, June 9th, Ecp Fiber Holdings Gp, Llc purchased 9,500 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $13.75 per share, for a total transaction of $130,625.00.
• On Friday, June 6th, Ecp Fiber Holdings Gp, Llc acquired 14,184 shares of Shenandoah Telecommunications stock. The stock was purchased 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 bought 30,339 shares of Shenandoah Telecommunications stock. The shares were purchased at an average cost of $12.55 per share, for a total transaction of $380,754.45.
• On Thursday, May 29th, Ecp Fiber Holdings Gp, Llc bought 32,000 shares of Shenandoah Telecommunications stock. The stock was acquired at an average cost of $12.46 per share, with a total value of $398,720.00.
• On Wednesday, May 28th, Ecp Fiber Holdings Gp, Llc purchased 20,045 shares of Shenandoah Telecommunications stock. The shares were acquired at an average price of $12.30 per share, for a total transaction of $246,553.50.
• On Tuesday, May 27th, Ecp Fiber Holdings Gp, Llc bought 28,268 shares of Shenandoah Telecommunications stock. The shares were acquired at an average cost of $11.91 per share, with a total value of $336,671.88.

Shenandoah Telecommunications Stock Performance

NASDAQ SHEN traded up $0.26 on Thursday, hitting $14.15. 272,711 shares of the stock traded hands, compared to its average volume of 252,781. The firm has a market capitalization of $776.27 million, a price-to-earnings ratio of -23.20 and a beta of 0.87. The business's fifty day moving average is $12.51 and its two-hundred day moving average is $12.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.20. Shenandoah Telecommunications Co has a 12 month low of $9.77 and a 12 month high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The firm had revenue of $87.90 million during the quarter, compared to analysts' expectations of $89.31 million. Shenandoah Telecommunications had a negative return on equity of 3.18% and a negative net margin of 10.07%. During the same period last year, the business posted ($0.07) EPS. As a group, equities analysts anticipate that Shenandoah Telecommunications Co will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SHEN. Ancora Advisors LLC purchased a new stake in shares of Shenandoah Telecommunications during the first quarter worth $50,000. Smartleaf Asset Management LLC lifted its holdings in Shenandoah Telecommunications by 456.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock worth $53,000 after purchasing an additional 3,531 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Shenandoah Telecommunications during the 1st quarter valued at about $76,000. New Age Alpha Advisors LLC purchased a new position in Shenandoah Telecommunications during the 1st quarter valued at about $90,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Shenandoah Telecommunications in the 4th quarter worth approximately $101,000. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BWS Financial reissued a "buy" rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a report on Thursday, May 1st. Wall Street Zen upgraded shares of 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.