On November 14, 2024, Edward Mckay, Executive Vice President & Chief Operating Officer of Shenandoah Telecommunications Co (SHEN, Financial), purchased 1,000 shares of the company. The transaction was executed at a price of $12.67 per share, as detailed in the SEC Filing. Following this acquisition, the insider now owns 75,369 shares of Shenandoah Telecommunications Co.
Shenandoah Telecommunications Co is a telecommunications company, providing a range of services including high-speed internet, phone, and digital TV to customers in the mid-Atlantic United States.
Over the past year, Edward Mckay has increased his holdings by 13,000 shares, with no recorded sales of the company's stock. This recent purchase aligns with a broader trend within the company, where there have been 21 insider buys and no insider sales over the same period.
Shares of Shenandoah Telecommunications Co were trading at $12.67 on the day of the purchase, giving the company a market cap of approximately $715.286 million. The stock's price-earnings ratio stands at 3.37, significantly below both the industry median of 16.56 and the company’s historical median.
According to the GF Value, the intrinsic value of Shenandoah Telecommunications Co is estimated at $23.06 per share, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.55. This valuation indicates a "Possible Value Trap, Think Twice" status.
This insider buying activity could be a signal to investors, especially considering the stock’s current valuation metrics and the overall insider buying trend at Shenandoah Telecommunications Co.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
