NTELOS Holdings Corp. CFO Stebbins B. Chandor, Jr. Buys 7,500 Shares (NTLS)
NTELOS Holdings Corp. (NASDAQ:NTLS) CFO Stebbins B. Chandor, Jr. purchased 7,500 shares of NTELOS Holdings Corp. stock on the open market in a transaction dated Friday, June 13th. The stock was purchased at an average cost of $12.47 per share, for a total transaction of $93,525.00. Following the purchase, the chief financial officer now directly owns 77,428 shares in the company, valued at approximately $965,527. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on NTLS. Analysts at Zacks upgraded shares of NTELOS Holdings Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 29th. They now have a $12.60 price target on the stock. Separately, analysts at Jefferies Group downgraded shares of NTELOS Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 27th. They now have a $15.00 price target on the stock, down previously from $25.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NTELOS Holdings Corp. in a research note on Friday, May 23rd. They now have a $15.00 price target on the stock, up previously from $14.00. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.20.
Shares of NTELOS Holdings Corp. (NASDAQ:NTLS) traded down 3.19% during mid-day trading on Monday, hitting $12.44. The stock had a trading volume of 552,334 shares. NTELOS Holdings Corp. has a 52 week low of $11.20 and a 52 week high of $23.03. The stock’s 50-day moving average is $13.06 and its 200-day moving average is $15.79. The company has a market cap of $264.4 million and a P/E ratio of 13.68.
NTELOS Holdings Corp. (NASDAQ:NTLS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.24. The company had revenue of $122.10 million for the quarter, compared to the consensus estimate of $125.10 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that NTELOS Holdings Corp. will post $0.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Investors of record on Friday, June 13th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 13.49%. The ex-dividend date of this dividend is Wednesday, June 11th.
NTELOS Holdings Corp. is a provider of wireless and wireline communications services to consumers and businesses primarily in Virginia and West Virginia.
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