SHEN Shenandoah Telecommunications (SHEN) Insider Trading, Ownership & Congress Trades
Telecom · Telephone communications (no radiotelephone) · CIK 0000354963
C-suite buying · 2
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
99
13F, latest reported quarter
What the filings say about SHEN
Insiders, 180 days
+$74.3K net bought
2 buyers
Shenandoah Telecommunications insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, SHENANDOAH TELECOMMUNICATIONS CO/VA/ insiders bought a net $74.3K of stock across 203 Form 4 purchases and sales, with 2 insiders buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 4 earlier Form 4 trades (code P or S) here by this insider (4 buys), the last on Nov 14, 2024.
- -8.8% median (+0.9% mean) 90-day return after 3 previous buys.
- The trade is 1.5% of the 136,007 shares held after it.
- 1 other insider bought within 30 days.
- 99 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President & CEO McKay Edward H bought about $24.3K of SHEN on Jul 31, 2026; 1 other insider bought within 30 days and 99 funds added in the latest 13F quarter.Context
- 12 earlier Form 4 trades (code P or S) here by this insider (12 buys), the last on Aug 9, 2024.
- -14.2% median (-1.9% mean) 90-day return after 3 previous buys.
- The trade is 4.5% of the 92,573 shares held after it.
- 1 other insider bought within 30 days.
- 99 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: SVP Finance & CFO VOLK JAMES J bought about $48.9K of SHEN on Jul 31, 2026; 1 other insider bought within 30 days and 99 funds added in the latest 13F quarter.Context
- 12 earlier Form 4 trades (code P or S) here by this insider (12 buys), the last on Aug 9, 2024.
- -14.2% median (-1.9% mean) 90-day return after 3 previous buys.
- The trade is 0.1% of the 92,670 shares held after it.
- 1 other insider bought within 30 days.
- 99 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: SVP Finance & CFO VOLK JAMES J bought about $1.1K of SHEN on Jul 31, 2026; 1 other insider bought within 30 days and 99 funds added in the latest 13F quarter.Context
- 11 earlier Form 4 trades (code P or S) here by this insider (11 buys), the last on Sep 10, 2025.
- -16.1% median (-15.2% mean) 90-day return after 11 previous buys.
- The trade is 0.1% of the 3,457,105 shares held after it.
- 8 other insiders bought within 30 days.
- 99 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider ECP ControlCo, LLC bought about $24.1K of SHEN on Sep 11, 2025; 8 other insiders bought within 30 days and 99 funds added in the latest 13F quarter.Context
- 27 earlier Form 4 trades (code P or S) here by this insider (27 buys), the last on Sep 10, 2025.
- -7.8% median (-7.9% mean) 90-day return after 25 previous buys.
- The trade is 0.1% of the 3,457,105 shares held after it.
- 8 other insiders bought within 30 days.
- 99 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider Hill City Holdings GP, LLC bought about $24.1K of SHEN on Sep 11, 2025; 8 other insiders bought within 30 days and 99 funds added in the latest 13F quarter.203 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net +$74.3K over 180 days
+$74.3K over 90 days
more than 87% of Telecom
Congress
no House purchase disclosed in the last 12 months
Funds
99 funds bought in last quarter
more than 53% of Telecom
Revenue
+9.1% year over year
more than 70% of Telecom
Margin
-9.2% net margin
below 64% of Telecom
Buybacks
no share repurchases reported
Short interest
5.8% of the float short (float per yahoo 2026-10-26) · 1.7 days to cover · settled 2026-09-30
more than 80% of Telecom
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch SHEN
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-19.8%12M
Insider buy
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns SHEN: institutional holders (13F)
13F holdings, latest reported quarter
7,089,344 sh
$106.9M
4,116,050 sh
$62.1M
3,457,105 sh
$52.1M
2,616,797 sh
$39.5M
2,613,975 sh
$39.4M
Congress trades in SHEN
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
SHEN planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
SHEN mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Longleaf Partners Small Cap Fund
$39.4M position · as of 2026-06-30
6.1%
Hennessy Focus Fund
$7.7M position · as of 2026-07-31
1.7%
FULLERTHALER BEHAVIORAL MICRO-CAP EQUITY FUND
$377.9K position · as of 2026-06-30
1.2%
Gabelli Global Content & Connectivity Fund
$588.1K position · as of 2026-06-30
0.7%
Invesco S&P SmallCap Utilities & Communication Services ETF
$125.2K position · as of 2026-05-31
0.7%
State Street(R) SPDR(R) S&P(R) Telecom ETF
$3.8M position · as of 2026-06-30
0.5%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Mr. McKay
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2024
$3.3M
$941.2K
$1.5M
-51%
+12%
2023
$3.4M
$4.0M
$1.5M
-17%
-8%
2022
$2.8M
$2.2M
$1.4M
-40%
-18%
2021
$2.4M
$1.6M
$1.1M
-3%
+5%
2020
$2.9M
$2.5M
$1.2M
+5%
+10%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders are net buyers of their own stock.
The record shows a net $74.3K bought by insiders over 180 days, 99 funds added last quarter. Each figure is a federal filing, dated the day it went public.
SHEN financials
Revenue growth
+9.1%
XBRL, annual
Net margin
-9.2%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$362.1M
four quarters, 2025-04-01 to 2026-03-31
Revenue, TTM SHEN
| FY Dec 2025 | $357.9M |
| FY Dec 2024 | $328.1M |
| FY Dec 2023 | $287.4M |
| FY Dec 2022 | $267.4M |
| FY Dec 2021 | $245.2M |
| Mar 2026 | $92.2M |
| Dec 2025 | $91.6M |
| Sep 2025 | $89.8M |
| Jun 2025 | $88.6M |
| Mar 2025 | $87.9M |
| Dec 2024 | $85.4M |
| Sep 2024 | $87.6M |
| Jun 2024 | $85.8M |
At each fiscal year end
Single quarter
Net margin, TTM
-10.9%
net income over revenue, 2025-04-01 to 2026-03-31
Net margin, TTM SHEN
| FY Dec 2025 | -9.2% |
| FY Dec 2024 | +59.1% |
| FY Dec 2023 | +2.8% |
| FY Dec 2022 | -3.1% |
| FY Dec 2021 | +407.3% |
| Mar 2026 | -17.1% |
| Dec 2025 | -5.9% |
| Sep 2025 | -10.5% |
| Jun 2025 | -10.2% |
| Mar 2025 | -10.4% |
| Dec 2024 | -3.2% |
| Sep 2024 | -6.0% |
| Jun 2024 | -15.0% |
At each fiscal year end
Single quarter
Free cash flow, TTM
-$246.7M
operating cash flow minus capex, 2025-04-01 to 2026-03-31
Free cash flow, TTM SHEN
| FY Dec 2025 | -$257.9M |
| FY Dec 2024 | -$256.5M |
| FY Dec 2023 | -$141.3M |
| FY Dec 2022 | -$114.1M |
| FY Dec 2021 | -$411.0M |
| Mar 2026 | -$51.5M |
| Dec 2025 | -$78.6M |
| Sep 2025 | -$51.4M |
| Jun 2025 | -$65.2M |
| Mar 2025 | -$62.7M |
| Dec 2024 | -$72.0M |
| Sep 2024 | -$51.3M |
| Jun 2024 | -$78.3M |
At each fiscal year end
Single quarter
Debt to equity
0.80x
long-term 2026-03-31 plus current 2025-12-31; equity 2026-03-31
Debt to equity SHEN
| FY Dec 2025 | 0.71x |
| FY Dec 2024 | 0.45x |
| FY Dec 2023 | 0.46x |
| FY Dec 2022 | 0.12x |
| FY Dec 2021 | 0.00x |
| Mar 2026 | 0.80x |
| Dec 2025 | 0.71x |
| Sep 2025 | 0.60x |
| Jun 2025 | 0.57x |
| Mar 2025 | 0.57x |
| Dec 2024 | 0.45x |
| Sep 2024 | 0.37x |
| Jun 2024 | 0.32x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.15x
TTM operating cash flow over long-term 2026-03-31 plus current 2025-12-31
Cash flow to debt SHEN
| FY Dec 2025 | 0.16x |
| FY Dec 2024 | 0.15x |
| FY Dec 2023 | 0.38x |
| FY Dec 2022 | 1.00x |
| FY Dec 2021 | n/a |
| Mar 2026 | 0.15x |
| Dec 2025 | 0.16x |
| Sep 2025 | 0.17x |
| Jun 2025 | 0.17x |
| Mar 2025 | 0.13x |
| Dec 2024 | 0.15x |
| Sep 2024 | 0.19x |
| Jun 2024 | 0.21x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-4.5%
TTM net income over average of 2025-03-31 and 2026-03-31
Return on equity SHEN
| FY Dec 2025 | -3.7% |
| FY Dec 2024 | +24.7% |
| FY Dec 2023 | +1.2% |
| FY Dec 2022 | -1.3% |
| FY Dec 2021 | +163.8% |
| Mar 2026 | -4.5% |
| Dec 2025 | -3.7% |
| Sep 2025 | -3.3% |
| Jun 2025 | -2.9% |
| Mar 2025 | -3.4% |
| Dec 2024 | +24.7% |
| Sep 2024 | +25.2% |
| Jun 2024 | +26.0% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-2.1%
TTM net income over average of 2025-03-31 and 2026-03-31
Return on assets SHEN
| FY Dec 2025 | -1.8% |
| FY Dec 2024 | +13.1% |
| FY Dec 2023 | +0.7% |
| FY Dec 2022 | -0.9% |
| FY Dec 2021 | +68.5% |
| Mar 2026 | -2.1% |
| Dec 2025 | -1.8% |
| Sep 2025 | -1.7% |
| Jun 2025 | -1.5% |
| Mar 2025 | -1.8% |
| Dec 2024 | +13.1% |
| Sep 2024 | +14.5% |
| Jun 2024 | +15.4% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital SHEN
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | +0.0% |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
| Jun 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-1.5%
operating income (EBIT proxy) over average of 2025-03-31 and 2026-03-31 minus current liabilities
Return on capital employed SHEN
| FY Dec 2025 | -1.4% |
| FY Dec 2024 | -2.1% |
| FY Dec 2023 | +0.0% |
| FY Dec 2022 | -2.0% |
| FY Dec 2021 | -0.3% |
| Mar 2026 | -1.5% |
| Dec 2025 | -1.4% |
| Sep 2025 | -1.7% |
| Jun 2025 | -1.5% |
| Mar 2025 | -2.1% |
| Dec 2024 | -2.1% |
| Sep 2024 | -1.7% |
| Jun 2024 | -1.5% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing SHEN
| FY Dec 2025 | n/a |
| FY Dec 2024 | 3.34x |
| FY Dec 2023 | 135.13x |
| FY Dec 2022 | n/a |
| FY Dec 2021 | 1.28x |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | 3.34x |
| Sep 2024 | 3.59x |
| Jun 2024 | 3.99x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$1.2B
market value at close 2026-10-26 on 2026-04-24 shares, plus long-term 2026-03-31 plus current 2025-12-31, minus cash 2026-03-31
Enterprise value SHEN
| FY Dec 2025 | $1.2B |
| FY Dec 2024 | $1.1B |
| FY Dec 2023 | $1.2B |
| FY Dec 2022 | $826.5M |
| FY Dec 2021 | $1.2B |
| Mar 2026 | $1.5B |
| Dec 2025 | $1.2B |
| Sep 2025 | $1.2B |
| Jun 2025 | $1.2B |
| Mar 2025 | $1.1B |
| Dec 2024 | $1.1B |
| Sep 2024 | $1.1B |
| Jun 2024 | $1.1B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-44.0%
TTM free cash flow over market value at close 2026-10-26
FCF yield SHEN
| FY Dec 2025 | -40.6% |
| FY Dec 2024 | -37.3% |
| FY Dec 2023 | -13.0% |
| FY Dec 2022 | -14.3% |
| FY Dec 2021 | -32.3% |
| Mar 2026 | -28.9% |
| Dec 2025 | -40.6% |
| Sep 2025 | -34.1% |
| Jun 2025 | -33.5% |
| Mar 2025 | -38.5% |
| Dec 2024 | -37.3% |
| Sep 2024 | -29.6% |
| Jun 2024 | -23.5% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing SHEN
| FY Dec 2025 | n/a |
| FY Dec 2024 | 0.00x |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | 0.00x |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | 0.00x |
| Sep 2024 | 0.00x |
| Jun 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $357.9M | $328.1M | $287.4M | $267.4M |
| Operating income | -$23.2M | -$28.6M | $142.0K | -$17.5M |
| Net income | -$32.9M | $193.8M | $8.0M | -$8.4M |
| EPS (diluted) | -0.71 | 3.54 | 0.16 | -0.17 |
| Operating cash flow | $101.0M | $62.6M | $113.8M | $74.9M |
| Cash | $27.3M | $46.3M | $139.3M | $44.1M |
| Long-term debt | $628.2M | $407.7M | $292.8M | $74.3M |
| Dividends paid | $6.4M | $5.8M | $4.5M | $4.0M |
SEC XBRL, fiscal years, as known on 2026-10-28
SHEN Stock Sonar score 6/7 axes
Find similar shapesCompareSHEN ranks highest on insider conviction (89th percentile) and growth (63rd), and lowest on profitability (40th), among Telecom peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
SHEN filings, in plain words
Are Shenandoah Telecommunications insiders buying or selling SHEN?
In the 180 days to 2026-10-28, Shenandoah Telecommunications insiders were net buyers, a net $74.3K across purchases and sales reported on Form 4, by 2 buyers.
Read the full summary
In the 180 days to 2026-10-28, Shenandoah Telecommunications insiders were net buyers of SHEN, a net $74.3K across purchases and sales reported on Form 4 by 2 buyers. 2 different insiders reported purchases within the last 90 days, a cluster buy, which is rarer than a single purchase. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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