Shenandoah Telecommunications (SHEN) VP Sells $457,600.00 in Stock

Shenandoah Telecommunications (NASDAQ:SHEN) VP Raymond B. Ostroski sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $45.76, for a total transaction of $457,600.00. Following the transaction, the vice president now owns 18,575 shares of the company’s stock, valued at approximately $849,992. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ SHEN opened at $46.38 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.37 and a quick ratio of 2.31. The company has a market cap of $2.32 billion, a P/E ratio of 49.87 and a beta of 0.48. Shenandoah Telecommunications has a 52 week low of $29.92 and a 52 week high of $51.41.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Thursday, February 28th. The utilities provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Shenandoah Telecommunications had a return on equity of 10.05% and a net margin of 6.88%. Research analysts forecast that Shenandoah Telecommunications will post 1.32 earnings per share for the current fiscal year.



Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its stake in Shenandoah Telecommunications by 51.4% during the 4th quarter. Bank of Montreal Can now owns 1,002 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 340 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Shenandoah Telecommunications by 0.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 104,166 shares of the utilities provider’s stock valued at $4,036,000 after purchasing an additional 428 shares in the last quarter. Victory Capital Management Inc. increased its stake in Shenandoah Telecommunications by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 11,162 shares of the utilities provider’s stock valued at $494,000 after purchasing an additional 434 shares in the last quarter. Principal Financial Group Inc. increased its stake in Shenandoah Telecommunications by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 17,087 shares of the utilities provider’s stock valued at $756,000 after purchasing an additional 452 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Shenandoah Telecommunications during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 48.21% of the company’s stock.

Several research firms recently commented on SHEN. Zacks Investment Research lowered shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub lowered shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. B. Riley boosted their price objective on shares of Shenandoah Telecommunications from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, BWS Financial reiterated a “buy” rating on shares of Shenandoah Telecommunications in a research note on Monday, January 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $52.50.

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About Shenandoah Telecommunications

Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.

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