Ecp Fiber Holdings Gp, Llc Purchases 30,339 Shares of Shenandoah Telecommunications (NASDAQ:SHEN) Stock

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) major shareholder Ecp Fiber Holdings Gp, Llc acquired 30,339 shares of Shenandoah Telecommunications stock in a transaction dated Friday, May 30th. The shares were bought at an average cost of $12.55 per share, with a total value of $380,754.45. Following the transaction, the insider now owns 2,563,036 shares in the company, valued at approximately $32,166,101.80. This trade represents a 1.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, May 29th, Ecp Fiber Holdings Gp, Llc bought 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 purchased 20,045 shares of Shenandoah Telecommunications stock. The stock was bought at an average cost 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 shares were acquired at an average cost of $11.91 per share, with a total value of $336,671.88.

Shenandoah Telecommunications Stock Performance

SHEN traded up $0.21 during trading hours on Thursday, hitting $13.07. The stock had a trading volume of 11,067 shares, compared to its average volume of 249,578. The company's fifty day simple moving average is $12.26 and its 200 day simple moving average is $12.24. Shenandoah Telecommunications has a 1 year low of $9.77 and a 1 year high of $21.89. The stock has a market cap of $716.98 million, a PE ratio of 3.43 and a beta of 0.82. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44.

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). Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. The firm had revenue of $87.90 million during the quarter, compared to analysts' expectations of $89.31 million. During the same period last year, the business posted ($0.07) EPS. Equities analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SHEN has been the subject of several research analyst reports. BWS Financial reaffirmed a "buy" rating and set 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 report on Thursday, May 8th.

Institutional Investors Weigh In On Shenandoah Telecommunications

Several large investors have recently added to or reduced their stakes in SHEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 buying an additional 1,061 shares in the last quarter. Nebula Research & Development LLC grew its holdings in Shenandoah Telecommunications by 5.5% during the 4th quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider's stock valued at $278,000 after buying an additional 1,147 shares in the last quarter. PAX Financial Group LLC grew its holdings in Shenandoah Telecommunications by 3.8% during the 4th quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider's stock valued at $468,000 after buying an additional 1,353 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Shenandoah Telecommunications by 11.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider's stock valued at $173,000 after buying an additional 1,380 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in 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 buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 61.96% of the company's stock.

Shenandoah Telecommunications Company Profile

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.