Shenandoah Telecommunications (SHEN)

Shenandoah Telecommunications Company (Shentel) provides a broad range of diversified communications services through its high speed, state-of-the-art wireless, cable and fiber optic and fixed wireless networks to customers in the Mid-Atlantic United States. The Company's services include: broadband internet, video, and digital voice; fiber optic Ethernet, wavelength and leasing; telephone voice and digital subscriber line; tower colocation leasing; and wireless voice and data. Shentel is the exclusive personal communications service ('PCS') Affiliate of Sprint in a multi-state area covering large portions of central and western Virginia, south-central Pennsylvania, West Virginia, and portions of Maryland, and Kentucky.

Company profile

Ticker

SHEN

Exchange

NASDAQ

Website

www.shentel.com

CEO

Christopher French

Incorporated

Virginia

Location

Virginia

Fiscal year end

Dec 31

Sector

Information > Wireless Telecommunications Carriers (except Satellite)

Industry (SIC)

Telephone Communications (No Radiotelephone)

AT&T • Verizon Communications • SPRINT • Lumen • Qwest • Frontier Communications Parent • Windstream Services • Level 3 Parent • Windstream • Telephone And Data Systems ...

SEC CIK

0000354963

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Shenandoah Cable Television, LLC • Shenandoah Mobile, LLC • Shenandoah Personal Communications, LLC • Shenandoah Telephone Company • Shentel Management Company ...

IRS number

541162807

SHEN stock data

1M 1Y 5Y

News

From Benzinga Pro

Looking Into Shenandoah's Return On Capital Employed

9 Aug 22

Recap: Shenandoah Q2 Earnings

3 Aug 22

Shenandoah (NASDAQ:SHEN) reported its Q2 earnings results on Wednesday, August 3, 2022 at 07:00 AM. Here's what investors need to know about the announcement. Earnings Shenandoah reported an EPS of $-0.06.

Shenandoah Q2 Sales $66.00M Beat $64.25M Estimate

3 Aug 22

Shenandoah (NASDAQ:SHEN) reported quarterly sales of $66.00 million which beat the analyst consensus estimate of $64.25 million by 2.72 percent. This is a 8.73 percent increase over sales of $60.70 million the same

Earnings Scheduled For August 3, 2022

3 Aug 22

InflaRx Climbs More Than 40%, Here's 58 Biggest Movers From Yesterday

29 Jun 22

Press releases

From Benzinga Pro

Glo Fiber Announces Plans to Expand its High-Speed Fiber-Optic Network into York County, PA

16 Aug 22

Expansion will bring internet speeds up to 2 Gbps to a growing list of communities in Pennsylvania EDINBURG, Va., Aug. 16, 2022 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company

Shenandoah Telecommunications Company to Hold its Second Quarter 2022 Earnings Call at 8:30 a.m. on Wednesday, August 3, 2022

27 Jul 22

EDINBURG, Va., July 27, 2022 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its second quarter 2022 financial results before the market opens on Wednesday, August 3,

Shentel Awarded Grant to bring its Glo Fiber High-Speed Network to Frederick County, Maryland

13 Jul 22

Expansion will bring internet speeds up to 2 Gbps to one of the fastest growing counties in Maryland EDINBURG, Va., July 13, 2022 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company

Glo Fiber Enterprise to Offer Comprehensive Telecommunications Services to Massanutten Resort

7 Jul 22

DARA LESLIE APPOINTED AS SENIOR VICE PRESIDENT OF SALES AND MARKETING FOR SHENTEL

20 Jun 22

Calendar

3 Aug 22

18 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SHEN financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	33.34M	33.34M	33.34M	33.34M	33.34M	33.34M
Cash burn (monthly)	6.88M	17.95M	1.24M	905.58K	(no burn)	30.45M
Cash used (since last report)	11.34M	29.58M	2.05M	1.49M	n/a	50.16M
Cash remaining	22M	3.76M	31.29M	31.84M	n/a	-16.82M
Runway (months of cash)	3.2	0.2	25.2	35.2	n/a	-0.6

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SHEN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Aug 22	Victor Christopher Barnes	COMMON	Grant	Acquire A	No	No	22.3	45.964	1.02K	45.964
1 Aug 22	Thomas Beckett	Common Stock	Grant	Acquire A	No	No	22.3	17.937	400	4,883.481
1 Aug 22	Tracy Fitzsimmons	Common Stock	Grant	Acquire A	No	No	22.3	46.712	1.04K	23,866.607
1 Aug 22	Richard L Koontz Jr	Common Stock	Grant	Acquire A	No	No	22.3	22.422	500	32,919.501
1 Aug 22	Kenneth L Quaglio	Common Stock	Grant	Acquire A	No	No	22.3	28.027	625	7,888.002

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

SHEN institutional ownership history Ownership history

54.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	147	154	-4.5%
Opened positions	18	21	-14.3%
Closed positions	25	26	-3.8%
Increased positions	51	63	-19.0%
Reduced positions	50	50	–

13F shares	Current	Prev Q	Change
Total value	601.37M	632.75M	-5.0%
Total shares	27.09M	26.84M	+0.9%
Total puts	23K	87.9K	-73.8%
Total calls	10.2K	9K	+13.3%
Total put/call ratio	2.3	9.8	-76.9%

Largest owners	Shares	Value	Change
BLK Blackrock	8.04M	$178.47M	+2.7%
Vanguard	5.26M	$116.79M	+4.6%
Dimensional Fund Advisors	1.89M	$42.05M	+5.9%
STT State Street	1.86M	$41.23M	+1.8%
Geode Capital Management	887.47K	$19.7M	+3.4%
DAVENPORT & Co	807.58K	$17.93M	-0.0%
Renaissance Technologies	689.09K	$15.3M	-6.7%
Broad Run Investment Management	667.73K	$14.82M	NEW
Charles Schwab Investment Management	540.98K	$12.01M	+6.5%
NTRS Northern Trust	517.6K	$11.49M	-0.2%

Largest transactions	Shares	Bought/sold	Change
Broad Run Investment Management	667.73K	+667.73K	NEW
Citadel Advisors	250.98K	-326.12K	-56.5%
Vanguard	5.26M	+229.93K	+4.6%
BLK Blackrock	8.04M	+208.14K	+2.7%
First Trust Advisors	0	-202K	EXIT
MS Morgan Stanley	390.36K	+180.19K	+85.7%
Parametric Portfolio Associates	0	-169.04K	EXIT
LGEN Legal & General	0	-140.85K	EXIT
Dimensional Fund Advisors	1.89M	+106.31K	+5.9%
Thrivent Financial For Lutherans	49.18K	-72.17K	-59.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Lumen • Frontier Communications Parent • Verizon Communications • AT&T • DISH Network • Dish Network • SBA Communications • Crown Castle • Netflix • Comcast

Management Discussion

Revenue increased approximately $5.3 million, or 8.8%, during the three months ended June 30, 2022 compared with the three months ended June 30, 2021, driven by growth of $5.2 million, or 9.2%, in the Broadband segment and $0.1 million, or 1.9%, in the Tower segment. Refer to the discussion of the results of operations for the Broadband and Tower segments, included within this MD&A, for additional information.
Operating expenses increased approximately $10.8 million, or 18.6%, for the three months ended June 30, 2022 compared with the three months ended June 30, 2021, driven primarily by a $4.1 million impairment expense for Beam fixed wireless in our Broadband segment, $5.2 million of incremental Broadband operating expenses incurred primarily to support the expansion of Glo Fiber branded services, and $1.3 million of incremental Corporate operating expenses primarily driven by stock-based compensation grants.
Other income (expense), net decreased $1.9 million primarily due to lower income from investments.

Content analysis

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Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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