Shenandoah Telecommunications Company (NASDAQ:SHEN) is now up 67.57% compared to a 12-month low of $22.05. We have seen the price to move 3.79% higher and get settled at $36.95 on Sep. 19, 2017. At recent session, it appeared stuck in a range of $35.4 to $37. This company shares are 5.55% off its target price of $39 and the current market capitalization stands at $1.8B. The recent change has given its price a 10.13% lead over SMA 50 and -2.51% deficit over its 52-week high. The stock witnessed 4.97% gains, 17.49% gains and 32.68% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SHEN’s volatility during a week at 3.06% and during a month it has been found around 2.87%.
Shenandoah Telecommunications Company (SHEN) Top Holders
Institutional investors currently hold around $884 million or 51.5% in SHEN stock. Look at its top three institutional owners. Vanguard Group Inc owns $132.46 million in Shenandoah Telecommunications Company, which represents roughly 7.36% of the company’s market cap and approximately 14.98% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 3,531,534 shares of the stock are valued at $125.72 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $77.33 million worth of this stock and that ownership represents nearly 4.3% of its market capitalization.
Shenandoah Telecommunications Company 13F Filings
At the end of June reporting period, 44 institutional holders increased their position in Shenandoah Telecommunications Company (NASDAQ:SHEN) by some 1,439,194 shares, 46 decreased positions by 1,322,327 and 23 held positions by 22,079,063. That puts total institutional holdings at 24,840,584 shares, according to SEC filings. The stock grabbed 7 new institutional investments totaling 421,497 shares while 11 institutional investors sold out their entire positions totaling 119,620 shares.
Shenandoah Telecommunications Company (NASDAQ:SHEN) Insider Trades
Multiple company employees have indulged in significant insider trading. Shenandoah Telecommunications Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Burch Ken L has acquired 35 shares of Shenandoah Telecommunications Company (SHEN) in trading session dated Aug. 15, 2017. These shares are worth $1,243 and were traded at $35.5 each. The SEC filing shows that Ostroski Raymond B performed a sale of 3,000 shares. The VP Legal & General Counsel disposed these shares by way of transaction on Jun. 02, 2017. The company’s shares were given away at $31.75 per share worth to an income of some $95,250 on account of Ostroski Raymond B.
VP Finance &Treasurer, Skolits Adele M, sold 1,000 common shares of Shenandoah Telecommunications Company (SHEN) in the open market. In a transaction dated Dec. 21, 2016, the shares were put up for sale at an average price of $28, raking in a sum of $28,000. After this sale, 57,572 common shares of SHEN are directly owned by the insider, with total stake valued at $2,127,285.
In the transaction dated Aug. 09, 2016, the great number of shares acquired came courtesy the Director; Schultz Leigh Ann added a total of 106 shares at an average price of $31.39, amounting to approximately $3,327. The insider now directly owns 106 shares worth $3,917.
Shenandoah Telecommunications Company (SHEN) Analyst Guide
Several analysts have released their opinion on Shenandoah Telecommunications Company (NASDAQ:SHEN), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation.