Shenandoah Telecommunications (NASDAQ:SHEN) CFO James Volk Buys 4,283 Shares of Stock

Shenandoah Telecommunications Co (NASDAQ:SHEN) CFO James Volk acquired 4,283 shares of Shenandoah Telecommunications stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $11.67 per share, with a total value of $49,982.61. Following the purchase, the chief financial officer directly owned 92,671 shares in the company, valued at approximately $1,081,470.57. This trade represents a 4.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shenandoah Telecommunications Trading Up 3.8%

NASDAQ SHEN opened at $12.45 on Tuesday. The stock has a market capitalization of $689.29 million, a price-to-earnings ratio of -15.96 and a beta of 0.67. Shenandoah Telecommunications Co has a one year low of $9.66 and a one year high of $17.34. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average is $14.01 and its 200-day moving average is $14.19.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.11. Shenandoah Telecommunications had a negative net margin of 10.83% and a negative return on equity of 4.54%. The company had revenue of $93.46 million during the quarter, compared to analyst estimates of $92.83 million. Equities research analysts predict that Shenandoah Telecommunications Co will post -1.08 EPS for the current year.

Institutional Investors Weigh In On Shenandoah Telecommunications

Institutional investors have recently made changes to their positions in the stock. Caitlin John LLC grew its position in shares of Shenandoah Telecommunications by 324.0% in the fourth quarter. Caitlin John LLC now owns 4,550 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 3,477 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Shenandoah Telecommunications by 11,367.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,243 shares of the utilities provider’s stock valued at $57,000 after buying an additional 4,206 shares in the last quarter. State of Wyoming purchased a new position in Shenandoah Telecommunications during the 2nd quarter valued at about $65,000. iSAM Funds UK Ltd bought a new stake in shares of Shenandoah Telecommunications during the third quarter valued at about $67,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Shenandoah Telecommunications by 80.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock valued at $68,000 after buying an additional 2,228 shares during the period. Hedge funds and other institutional investors own 61.96% of the company’s stock.

Wall Street Analyst Weigh In

SHEN has been the topic of a number of research reports. BWS Financial reaffirmed a “buy” rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a report on Thursday, July 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Shenandoah Telecommunications in a report on Friday. Craig Hallum assumed coverage on Shenandoah Telecommunications in a research report on Thursday, April 9th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Wall Street Zen lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.50.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.