Defined Financial Planning LLC Acquires New Stake in Shenandoah Telecommunications Co $SHEN

Defined Financial Planning LLC bought a new position in Shenandoah Telecommunications Co (NASDAQ:SHEN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,807 shares of the utilities provider’s stock, valued at approximately $444,000. Defined Financial Planning LLC owned about 0.06% of Shenandoah Telecommunications at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Shenandoah Telecommunications by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,964 shares of the utilities provider’s stock worth $364,000 after buying an additional 1,248 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Shenandoah Telecommunications by 3.6% during the first 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 during the last quarter. State of Alaska Department of Revenue raised its position in Shenandoah Telecommunications by 7.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 27,414 shares of the utilities provider’s stock worth $374,000 after buying an additional 2,000 shares during the last quarter. PAX Financial Group LLC grew its stake in shares of Shenandoah Telecommunications by 5.4% in the first quarter. PAX Financial Group LLC now owns 39,135 shares of the utilities provider’s stock worth $492,000 after acquiring an additional 2,017 shares during the period. Finally, CWM LLC raised its holdings in shares of Shenandoah Telecommunications by 3.5% during the first quarter. CWM LLC now owns 73,331 shares of the utilities provider’s stock valued at $922,000 after purchasing an additional 2,480 shares during the last quarter. 61.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHEN. 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Shenandoah Telecommunications in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Shenandoah Telecommunications has a consensus rating of “Hold” and a consensus target price of $26.00.

Insider Activity at Shenandoah Telecommunications

In other news, major shareholder Ecp Controlco, Llc purchased 30,000 shares of the company’s stock in a transaction on Friday, August 8th. The stock was acquired at an average cost of $12.52 per share, for a total transaction of $375,600.00. Following the completion of the transaction, the insider directly owned 3,221,550 shares in the company, valued at $40,333,806. This trade represents a 0.94% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Ecp Fiber Holdings Gp, Llc acquired 30,000 shares of the firm’s stock in a transaction dated Thursday, July 17th. The shares were purchased at an average price of $14.62 per share, for a total transaction of $438,600.00. Following the completion of the transaction, the insider directly owned 2,903,506 shares in the company, valued at approximately $42,449,257.72. This trade represents a 1.04% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 609,182 shares of company stock worth $8,452,575 in the last ninety days. Insiders own 4.51% of the company’s stock.

Shenandoah Telecommunications Stock Performance

NASDAQ:SHEN opened at $13.40 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day simple moving average of $13.29 and a two-hundred day simple moving average of $13.20. The firm has a market capitalization of $735.12 million, a PE ratio of -23.93 and a beta of 0.81. Shenandoah Telecommunications Co has a 52-week low of $9.77 and a 52-week high of $16.28.

Shenandoah Telecommunications (NASDAQ:SHEN) 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 firm had revenue of $88.57 million for the quarter, compared to the consensus estimate 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. Analysts forecast that Shenandoah Telecommunications Co will post -0.49 EPS for the current year.

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.