Shenandoah Telecommunications (NASDAQ:SHEN) Major Shareholder Ecp Fiber Holdings Gp, Llc Purchases 6,000 Shares

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc acquired 6,000 shares of the stock in a transaction on Friday, June 13th. The shares were acquired at an average cost of $13.73 per share, for a total transaction of $82,380.00. Following the completion of the transaction, the insider now directly owns 2,714,371 shares in the company, valued at $37,268,313.83. The trade was a 0.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, June 12th, Ecp Fiber Holdings Gp, Llc purchased 11,100 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost of $13.85 per share, for a total transaction of $153,735.00.
• On Monday, June 9th, Ecp Fiber Holdings Gp, Llc acquired 9,500 shares of Shenandoah Telecommunications stock. The shares were bought at an average cost of $13.75 per share, with a total value of $130,625.00.
• On Friday, June 6th, Ecp Fiber Holdings Gp, Llc bought 14,184 shares of Shenandoah Telecommunications stock. The stock was bought at an average price of $13.42 per share, for a total transaction of $190,349.28.
• On Friday, May 30th, Ecp Fiber Holdings Gp, Llc purchased 30,339 shares of Shenandoah Telecommunications stock. The shares were bought at an average price of $12.55 per share, with a total value of $380,754.45.
• On Thursday, May 29th, Ecp Fiber Holdings Gp, Llc acquired 32,000 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $12.46 per share, for a total transaction of $398,720.00.
• On Wednesday, May 28th, Ecp Fiber Holdings Gp, Llc acquired 20,045 shares of Shenandoah Telecommunications stock. The shares were purchased at an average price of $12.30 per share, with a total value of $246,553.50.
• On Tuesday, May 27th, Ecp Fiber Holdings Gp, Llc bought 28,268 shares of Shenandoah Telecommunications stock. The stock was purchased at an average price of $11.91 per share, with a total value of $336,671.88.

Shenandoah Telecommunications Price Performance

SHEN traded up $0.46 during trading on Monday, reaching $14.30. 322,873 shares of the stock were exchanged, compared to its average volume of 252,084. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79. The company has a market capitalization of $784.46 million, a price-to-earnings ratio of 3.77 and a beta of 0.87. Shenandoah Telecommunications has a 1 year low of $9.77 and a 1 year high of $21.89. The business's 50 day moving average price is $12.42 and its two-hundred day moving average price is $12.26.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The business had revenue of $87.90 million during the quarter, compared to analyst estimates of $89.31 million. During the same period in the previous year, the company posted ($0.07) earnings per share. As a group, equities research analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SHEN. BWS Financial restated a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Thursday, May 1st. Wall Street Zen upgraded Shenandoah Telecommunications to a "sell" rating in a research note on Thursday, May 8th.

Institutional Trading of Shenandoah Telecommunications

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its stake in Shenandoah Telecommunications by 456.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider's stock valued at $53,000 after buying an additional 3,531 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Shenandoah Telecommunications by 2,104.3% in the first quarter. GAMMA Investing LLC now owns 192,258 shares of the utilities provider's stock worth $2,417,000 after acquiring an additional 183,536 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Shenandoah Telecommunications by 4.0% in 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 acquiring an additional 1,061 shares in the last quarter. Barclays PLC boosted its stake in shares of Shenandoah Telecommunications by 6.6% during the fourth quarter. Barclays PLC now owns 85,404 shares of the utilities provider's stock valued at $1,078,000 after acquiring an additional 5,253 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Shenandoah Telecommunications during the fourth quarter valued at $260,000. 61.96% of the stock is currently 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.

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