Shenandoah Telecommunications Co $SHEN Shares Sold by Inspire Investing LLC

Inspire Investing LLC lowered its stake in shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) by 13.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,387 shares of the utilities provider’s stock after selling 4,420 shares during the quarter. Inspire Investing LLC’s holdings in Shenandoah Telecommunications were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in Shenandoah Telecommunications during the first quarter worth approximately $50,000. Acadian Asset Management LLC acquired a new position in shares of Shenandoah Telecommunications in the 1st quarter valued at $76,000. New Age Alpha Advisors LLC acquired a new position in shares of Shenandoah Telecommunications in the 1st quarter valued at $90,000. Two Sigma Investments LP acquired a new position in shares of Shenandoah Telecommunications in the 4th quarter valued at $126,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Shenandoah Telecommunications in the 1st quarter valued at $158,000. Institutional investors and hedge funds own 61.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Shenandoah Telecommunications from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Shenandoah Telecommunications presently has a consensus rating of “Buy” and a consensus price target of $26.00.

Insiders Place Their Bets

In other news, major shareholder Ecp Fiber Holdings Gp, Llc acquired 30,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were purchased at an average cost of $14.62 per share, for a total transaction of $438,600.00. Following the transaction, the insider directly owned 2,903,506 shares in the company, valued at approximately $42,449,257.72. This represents a 1.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ecp Controlco, Llc acquired 30,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $12.52 per share, for a total transaction of $375,600.00. Following the completion of the transaction, the insider owned 3,221,550 shares in the company, valued at $40,333,806. The trade was a 0.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 653,196 shares of company stock worth $9,094,126. 4.51% of the stock is currently owned by insiders.

Shenandoah Telecommunications Stock Performance

NASDAQ:SHEN opened at $13.95 on Wednesday. The firm’s fifty day moving average price is $13.69 and its 200 day moving average price is $13.05. Shenandoah Telecommunications Co has a 1-year low of $9.77 and a 1-year high of $16.89. 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 firm has a market cap of $765.30 million, a price-to-earnings ratio of -24.91 and a beta of 0.87.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.01. Shenandoah Telecommunications had a negative net margin of 8.90% and a negative return on equity of 3.78%. The firm had revenue of $88.57 million for the quarter, compared to analyst estimates of $89.94 million. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Shenandoah Telecommunications Co will post -0.49 EPS for the current year.

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.