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Christopher E. French, President and CEO of Shenandoah Telecommunications Co. (NASDAQ:SHEN), a $666 million market cap telecommunications company with 21.9% revenue growth in the last twelve months, has recently acquired a significant amount of the company’s stock. According to a recent SEC filing, French purchased 16,500 shares of common stock on March 11, 2025. The transactions were executed at prices ranging from $12.0099 to $12.0104 per share, resulting in a total purchase value of approximately $198,167.
The shares were acquired indirectly by French, through a trust managed by his son for the benefit of the French family. This transaction increases the total number of shares held by French and his family trusts significantly.
Additionally, the filing noted another transaction involving 3,118 shares on March 10, 2025, which were distributed from a trust to a beneficiary. This transaction did not involve a monetary exchange.
French’s recent purchases reflect his continued investment in Shenandoah Telecommunications, a company headquartered in Edinburg, Virginia, that operates in the telephone communications industry. For deeper insights into SHEN’s financial health and growth prospects, including 6 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Shenandoah Telecommunications Co reported its fourth-quarter 2024 earnings, which missed analysts’ expectations. The company announced an earnings per share (EPS) of -$0.11, slightly below the forecasted -$0.10. Revenue for the quarter was $85.41 million, falling short of the anticipated $88.6 million. Despite the earnings miss, Shenandoah achieved a 22% revenue growth for the year, attributed to acquisitions and fiber expansion. The acquisition of Horizon Markets notably contributed $47.7 million to the company’s revenue, highlighting its strategic importance. Additionally, Shenandoah’s adjusted EBITDA increased by 20%, reaching $94.6 million, suggesting improved operational efficiency. Looking forward, Shenandoah plans to invest significantly in fiber expansion, projecting capital spending between $250 million and $280 million for 2025. The company aims to add 95,000 new fiber passings, with an expectation of reduced capital intensity by 2027. Analysts from Raymond (NSE:RYMD) James and BWS Financial have shown interest in the company’s competitive landscape and strategy for managing revenue churn.
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