Shenandoah Telecommunications (NASDAQ:SHEN) Stock Passes Above 200 Day Moving Average - Time to Sell?

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.23 and traded as high as $13.33. Shenandoah Telecommunications shares last traded at $13.17, with a volume of 241,947 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen cut Shenandoah Telecommunications from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Shenandoah Telecommunications in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Shenandoah Telecommunications currently has a consensus rating of "Hold" and a consensus price target of $26.00.

Shenandoah Telecommunications Stock Down 0.3%

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 $722.47 million, a PE ratio of -23.52 and a beta of 0.81. The business has a 50-day moving average of $13.27 and a 200 day moving average of $13.23.

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

Insider Buying and Selling at Shenandoah Telecommunications

In other Shenandoah Telecommunications news, major shareholder Ecp Controlco, Llc acquired 3,000 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was purchased at an average price of $13.45 per share, for a total transaction of $40,350.00. Following the acquisition, the insider owned 3,441,252 shares in the company, valued at approximately $46,284,839.40. This trade represents a 0.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher E. French bought 16,800 shares of Shenandoah Telecommunications stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $11.83 per share, with a total value of $198,744.00. Following the purchase, the chief executive officer directly owned 410,517 shares in the company, valued at $4,856,416.11. The trade was a 4.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 444,057 shares of company stock valued at $6,014,662. 4.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shenandoah Telecommunications

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Shenandoah Telecommunications by 75.4% in the 1st quarter. GAMMA Investing LLC now owns 15,295 shares of the utilities provider's stock valued at $192,000 after buying an additional 6,573 shares during the period. Principal Financial Group Inc. increased its stake in shares of Shenandoah Telecommunications by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 228,612 shares of the utilities provider's stock valued at $2,874,000 after purchasing an additional 6,024 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Shenandoah Telecommunications by 32.8% in the 1st quarter. Private Advisor Group LLC now owns 250,471 shares of the utilities provider's stock valued at $3,148,000 after purchasing an additional 61,825 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Shenandoah Telecommunications by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 532,984 shares of the utilities provider's stock valued at $6,700,000 after purchasing an additional 116,040 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new position in shares of Shenandoah Telecommunications in the 1st quarter valued at about $819,000. Institutional investors and hedge funds 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.

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