Shenandoah Telecommunications Co — September 02, 2025Shenandoah Telecommunications CoBATS:SHENSergioRichiSergio Richi Premium ✅ SHEN — Shenandoah Telecommunications Co (NASDAQ:SHEN) Insider Activity Report | Communication Services | Telecom Services |USA | NASDAQ | September 02, 2025. Price (Sept 2, 2025): $12.95 Insider Activity ECP ControlCo, a 10% owner tied to Energy Capital Partners, has been steadily loading up on SHEN since May. From late May through August 29, they picked up 864K+ shares worth over $11M, pushing their stake above 3.3M shares (~6.1% of the float). The buying wasn’t symbolic—this is real money, consistently deployed on a stock that’s been under pressure. (SEC Form 4) https://www.sec.gov/Archives/edgar/data/354963/000164117225026239/xslF345X05/ownership.xml (SEC Form 4) https://www.sec.gov/Archives/edgar/data/354963/000164117225026239/xslF345X05/ownership.xml 1. Company Overview Shenandoah Telecommunications (Shentel) runs fiber broadband, video, and voice services across Virginia, West Virginia, Maryland, and Pennsylvania. Its flagship brand Glo Fiber is expanding fast, with 40%+ YoY revenue growth. Q2 2025 showed revenue at $88.6M (+3.2% YoY), with adjusted EBITDA up 21.9%. Despite a small net loss, the operating trend is improving. Market cap sits just over $700M, with insiders holding ~11% and institutions ~65%. 2. Why It Matters • Fiber-to-the-home growth is the story: Q2 Glo Fiber up 40.5%. • Rural broadband subsidies add a tailwind. • Institutional inflows are showing up: Southeastern Asset Mgmt (+151%), Longleaf (+151%), RBC (+184%), Two Sigma (+119%), Invesco (+104%). • Short interest is modest (~4.4% float). Charts: • (3W) Insider Trades: SHEN seasonality: SHEN Hedge Fund Flows: SHEN Ownership: 3. The setup: SHEN has been trading heavy but looks like it found a floor around $13. Insider conviction plus institutional inflows give me confidence this is a buy-the-weakness play. Entry: $12.95–$13.35 🎯 Take Profit 1: $16.70 (+29%) 🎯 Take Profit 2: $28.00 (+116%) My Take Insiders are writing 8-figure checks into a depressed tape, institutions are scaling in, and fiber growth is compounding.