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

Shenandoah Telecommunications Co (NASDAQ:SHEN)’s share price passed 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.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen lowered Shenandoah Telecommunications from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Shenandoah Telecommunications in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Shenandoah Telecommunications presently has an average rating of “Hold” and an average price target of $26.00.

Shenandoah Telecommunications Stock Down 0.3%

The stock has a market capitalization of $722.47 million, a price-to-earnings ratio of -23.52 and a beta of 0.81. The business has a fifty day moving average of $13.27 and a 200 day moving average of $13.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.73.

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

Insider Transactions at Shenandoah Telecommunications

In related news, major shareholder Ecp Fiber Holdings Gp, Llc acquired 13,541 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of $13.29 per share, with a total value of $179,959.89. Following the completion of the transaction, the insider owned 3,455,302 shares of the company’s stock, valued at $45,920,963.58. The trade was a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher E. French acquired 16,800 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of $11.83 per share, for a total transaction of $198,744.00. Following the transaction, the chief executive officer directly owned 410,517 shares of the company’s stock, valued at approximately $4,856,416.11. This trade represents a 4.27% increase in their position. The disclosure for this purchase can be found here. Over 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 company insiders.

Hedge Funds Weigh In On Shenandoah Telecommunications

Several large investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Shenandoah Telecommunications by 7.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,831 shares of the utilities provider’s stock valued at $162,000 after buying an additional 855 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Shenandoah Telecommunications by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 18,768 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 986 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Shenandoah Telecommunications by 2.1% during the second quarter. Intech Investment Management LLC now owns 50,706 shares of the utilities provider’s stock worth $693,000 after purchasing an additional 1,045 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Shenandoah Telecommunications by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,964 shares of the utilities provider’s stock worth $364,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings 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 worth $535,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors 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.