Shenandoah Telecommunications' (SHEN) Sell (D) Rating Reaffirmed at Weiss Ratings

Key Points

• Shenandoah Telecommunications has received a "sell (d)" rating reaffirmed by Weiss Ratings, indicating persistent concerns about the company's stock performance.
• Following a previous "hold" rating, Wall Street Zen has downgraded Shenandoah's rating to "strong sell," reflecting a bleak outlook from analysts.
• The company reported a quarterly EPS of ($0.19), slightly better than the consensus estimate, but with a negative net margin of 8.90%, raising concerns about its financial health.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

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 analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Shenandoah Telecommunications presently has a consensus rating of "Hold" and a consensus price target of $26.00.

Shenandoah Telecommunications Trading Up 2.2%

Shares of SHEN stock opened at $13.77 on Wednesday. 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 stock's 50 day simple moving average is $13.25 and its two-hundred day simple moving average is $13.21. The company has a market cap of $755.38 million, a PE ratio of -24.59 and a beta of 0.81. Shenandoah Telecommunications has a 1 year low of $9.77 and a 1 year high of $16.28.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. The company had revenue of $88.57 million during the quarter, compared to analyst estimates of $89.94 million. Shenandoah Telecommunications had a negative net margin of 8.90% and a negative return on equity of 3.78%. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. Research analysts predict that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Insider Activity

In related news, major shareholder Ecp Fiber Holdings Gp, Llc bought 13,541 shares of the stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average cost of $13.29 per share, with a total value of $179,959.89. Following the completion of the purchase, the insider owned 3,455,302 shares of the company's stock, valued at $45,920,963.58. This trade represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Ecp Controlco, Llc bought 3,000 shares of the stock in a transaction dated Friday, September 5th. The shares were bought at an average cost of $13.45 per share, with a total value of $40,350.00. Following the completion of the purchase, the insider directly owned 3,441,252 shares of the company's stock, valued at approximately $46,284,839.40. This trade represents a 0.09% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 574,552 shares of company stock valued at $7,943,125. 4.51% of the stock is currently owned by company insiders.

Institutional Trading of Shenandoah Telecommunications

A number of large investors have recently made changes to their positions in the stock. State of Wyoming purchased a new stake in shares of Shenandoah Telecommunications during the second quarter valued at $65,000. Public Sector Pension Investment Board raised its holdings in shares of Shenandoah Telecommunications by 8.0% in the second quarter. Public Sector Pension Investment Board now owns 157,115 shares of the utilities provider's stock valued at $2,146,000 after acquiring an additional 11,635 shares in the last quarter. ECP ControlCo LLC raised its holdings in shares of Shenandoah Telecommunications by 10.7% in the second quarter. ECP ControlCo LLC now owns 2,714,371 shares of the utilities provider's stock valued at $37,078,000 after acquiring an additional 261,987 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Shenandoah Telecommunications by 80.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider's stock valued at $68,000 after acquiring an additional 2,228 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Shenandoah Telecommunications in the second quarter valued at about $1,574,000. 61.96% of the stock is owned by hedge funds and other institutional investors.

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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