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
Website
CEO
Christopher French
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Shenandoah Cable Television, LLC • Shenandoah Mobile, LLC • Shenandoah Personal Communications, LLC • Shenandoah Telephone Company • Shentel Management Company ...
IRS number
541162807
SHEN stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
10 Mar 23
DEFA14A
Additional proxy soliciting materials
10 Mar 23
ARS
2022 FY
Annual report to shareholders
10 Mar 23
10-K
2022 FY
Annual report
22 Feb 23
8-K
Shenandoah Telecommunications Company Reports Fourth Quarter and Full Year 2022 Results
22 Feb 23
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Feb 23
10-Q
2022 Q3
Quarterly report
2 Nov 22
8-K
Shenandoah Telecommunications Company Reports Third Quarter 2022 Results
2 Nov 22
8-K
Amendments to Articles of Incorporation or Bylaws
27 Oct 22
8-K
Departure of Directors or Certain Officers
23 Sep 22
Transcripts
SHEN
Earnings call transcript
2022 Q4
22 Feb 23
SHEN
Earnings call transcript
2022 Q3
6 Nov 22
SHEN
Earnings call transcript
2022 Q2
5 Aug 22
SHEN
Earnings call transcript
2022 Q1
29 Apr 22
SHEN
Earnings call transcript
2021 Q4
1 Mar 22
SHEN
Earnings call transcript
2021 Q3
29 Oct 21
SHEN
Earnings call transcript
2021 Q2
31 Jul 21
SHEN
Earnings call transcript
2021 Q1
30 Apr 21
SHEN
Earnings call transcript
2020 Q4
28 Feb 21
SHEN
Earnings call transcript
2020 Q3
8 Nov 20
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| 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) | 44.06 mm | 44.06 mm | 44.06 mm | 44.06 mm | 44.06 mm | 44.06 mm |
| Cash burn (monthly) | (no burn) | 3.36 mm | 890.00 k | 827.08 k | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 9.82 mm | 2.60 mm | 2.42 mm | n/a | n/a |
| Cash remaining | n/a | 34.24 mm | 41.46 mm | 41.64 mm | n/a | n/a |
| Runway (months of cash) | n/a | 10.2 | 46.6 | 50.3 | n/a | n/a |
Institutional ownership, Q4 2022
58.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 135 |
| Opened positions | 18 |
| Closed positions | 17 |
| Increased positions | 48 |
| Reduced positions | 46 |
| 13F shares | Current |
|---|---|
| Total value | 423.74 bn |
| Total shares | 29.28 mm |
| Total puts | 900.00 |
| Total calls | 8.50 k |
| Total put/call ratio | 0.1 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 8.16 mm | $129.56 bn |
| Vanguard | 5.49 mm | $87.16 bn |
| Dimensional Fund Advisors | 2.03 mm | $32.22 mm |
| STT State Street | 1.93 mm | $30.72 bn |
| Cerity Partners | 1.40 mm | $22.19 bn |
| Broad Run Investment Management | 1.07 mm | $16.99 bn |
| Geode Capital Management | 929.35 k | $14.86 bn |
| DAVENPORT & Co | 889.17 k | $14.22 bn |
| Charles Schwab Investment Management | 560.39 k | $8.90 bn |
| BK Bank Of New York Mellon | 554.15 k | $8.80 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mar 23 | Kenneth L Quaglio | Common Stock | Grant | Acquire A | No | No | 19.52 | 32.018 | 625.00 | 15,580.791 |
| 1 Mar 23 | Richard L Koontz Jr | Common Stock | Grant | Acquire A | No | No | 19.52 | 25.615 | 500.00 | 43,586.244 |
| 1 Mar 23 | Tracy Fitzsimmons | Common Stock | Grant | Acquire A | No | No | 19.52 | 53.364 | 1.04 k | 31,711.256 |
| 1 Mar 23 | Thomas Beckett | Common Stock | Grant | Acquire A | No | No | 19.52 | 20.492 | 400.00 | 12,494.266 |
| 1 Feb 23 | Victor Christopher Barnes | COMMON | Grant | Acquire A | No | No | 19.52 | 52.51 | 1.02 k | 4,774.538 |
Press releases
Glo Fiber Announces Expansion of its Fiber Network to Centre County, Pennsylvania
15 Mar 23
Glo Fiber Business Preps for Economic Success of Virginia Businesses
14 Mar 23
Shenandoah Telecommunications Company to Hold its Fourth Quarter and Full Year 2022 Earnings Call at 8:30 a.m. on Wednesday, February 22, 2023
14 Feb 23
Glo Fiber Announces Partnership with Ford's Colony at Williamsburg, VA
2 Feb 23