Shenandoah Telecommunications (SHEN)

Shenandoah Cable Television LLC • Shentel Management Company • Shenandoah Mobile LLC • Shenandoah Personal Communications LLC • Shenandoah Telephone Company • Shentel Broadband Operations LLC • Shentel Broadband Holding LLC • Horizon Acquisition Parent LLC • Horizon Telcom Inc. • The Chillicothe Telephone Company ...

IRS number

541162807

SHEN stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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8-K

Departure of Directors or Certain Officers

21 Jan 26

8-K

Shenandoah Telecommunications Completes Refinancing of Credit Facilities

10 Dec 25

8-K

Shenandoah Telecommunications Company Announces Pricing of $567.4 million Inaugural Fiber Network Asset Securitization Offering

29 Oct 25

Shenandoah Telecommunications Company Reports Third Quarter 2025 Results

29 Oct 25

8-K

Shenandoah Telecommunications Appoints Edward H. “Ed” McKay as President & CEO, Christopher E. French Transitions to New Role as Executive Chairman

31 Jul 25

Shenandoah Telecommunications Company Reports Second Quarter 2025 Results

31 Jul 25

8-K

Entry into a Material Definitive Agreement

30 Apr 25

Latest ownership filings

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Michael Anthony Rhymes

3 Feb 26

Financial summary

Financial statements Chart SHEN financial data

Quarter (USD)	Sep 25	Jun 25	Mar 25	Dec 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
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)	22.62 mm	22.62 mm	22.62 mm	22.62 mm	22.62 mm	22.62 mm
Cash burn (monthly)	2.15 mm	1.71 mm	4.12 mm	3.57 mm	(no burn)	(no burn)
Cash used (since last report)	9.26 mm	7.35 mm	17.74 mm	15.35 mm	n/a	n/a
Cash remaining	13.36 mm	15.27 mm	4.88 mm	7.27 mm	n/a	n/a
Runway (months of cash)	6.2	9.0	1.2	2.0	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

SHEN institutional ownership history Ownership history

74.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	159	155	+2.6%
Opened positions	20	24	-16.7%
Closed positions	16	14	+14.3%
Increased positions	62	42	+47.6%
Reduced positions	48	64	-25.0%

13F shares	Current	Prev Q	Change
Total value	456.59 bn	492.65 bn	-7.3%
Total shares	40.65 mm	39.75 mm	+2.3%
Total puts	4.10 k	1.50 k	+173.3%
Total calls	12.10 k	2.70 k	+348.1%
Total put/call ratio	0.3	0.6	-39.0%

Largest owners	Shares	Value	Change
BLK BlackRock	7.24 mm	$91.28 bn	+2.0%
Vanguard	5.53 mm	$69.73 bn	+1.2%
GCM Investments GP	4.10 mm	$68.52 mm	0.0%
GCM Grosvenor	4.10 mm	$57.86 bn	0.0%
Dimensional Fund Advisors	2.53 mm	$31.95 bn	-2.4%
ECP ControlCo	2.45 mm	$30.92 bn	0.0%
STT State Street	1.93 mm	$24.33 bn	+7.3%
Geode Capital Management	1.12 mm	$14.16 bn	-0.1%
DAVENPORT & Co	1.01 mm	$12.77 bn	+16.1%
Broad Run Investment Management	933.62 k	$11.77 bn	-0.8%

Largest transactions	Shares	Bought/sold	Change
Kent Lake PR	0.00	-344.00 k	EXIT
Private Advisor	188.65 k	+188.65 k	NEW
BLK BlackRock	7.24 mm	+144.96 k	+2.0%
DAVENPORT & Co	1.01 mm	+140.31 k	+16.1%
STT State Street	1.93 mm	+130.98 k	+7.3%
Nuveen Asset Management	136.04 k	-101.67 k	-42.8%
IVZ Invesco	239.86 k	+96.01 k	+66.7%
Gsa Capital Partners	89.26 k	+89.26 k	NEW
GS The Goldman Sachs Group, Inc.	416.94 k	+88.81 k	+27.1%
Marshall Wace	83.40 k	+83.40 k	NEW

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.

Recent insider trades

SHEN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Feb 26	Victor Christopher Barnes	Common Stock	Grant	Acquire A	No	No	11.87	68.801	816.67	16,371.571
2 Feb 26	Thomas Beckett	Common Stock	Grant	Acquire A	No	No	11.87	33.698	400.00	22,876.93
2 Feb 26	Tracy Fitzsimmons	Common Stock	Grant	Acquire A	No	No	11.87	87.757	1.04 k	45,152.534
2 Feb 26	Richard L Koontz Jr	Common Stock	Grant	Acquire A	No	No	11.87	42.123	500.00	60,682.114
2 Feb 26	Kenneth L Quaglio	Common Stock	Grant	Acquire A	No	No	11.87	52.654	625.00	60,682.114

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