Ballentine Partners LLC Buys New Shares in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Ballentine Partners LLC acquired a new stake in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSLFree Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,579,429 shares of the utilities provider’s stock, valued at approximately $6,871,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in Consolidated Communications by 397.5% during the 1st quarter. FMR LLC now owns 10,969 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 8,764 shares during the period. Advisor Partners II LLC purchased a new position in shares of Consolidated Communications during the 1st quarter worth approximately $28,000. American Century Companies Inc. lifted its stake in shares of Consolidated Communications by 26.3% in the 1st quarter. American Century Companies Inc. now owns 13,488 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 2,812 shares during the period. Virtu Financial LLC bought a new stake in shares of Consolidated Communications during the fourth quarter valued at approximately $36,000. Finally, Verition Fund Management LLC purchased a new stake in Consolidated Communications in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Consolidated Communications Price Performance

CNSL stock remained flat at $4.32 on Wednesday. The company had a trading volume of 211,959 shares, compared to its average volume of 750,382. The firm’s 50 day simple moving average is $4.32 and its two-hundred day simple moving average is $4.20. The company has a market cap of $501.12 million, a P/E ratio of -1.66 and a beta of 1.07. Consolidated Communications Holdings, Inc. has a one year low of $2.44 and a one year high of $4.65. The company has a debt-to-equity ratio of 5.25, a quick ratio of 0.81 and a current ratio of 0.81.

Consolidated Communications (NASDAQ:CNSLGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share for the quarter. The company had revenue of $275.18 million for the quarter. Consolidated Communications had a negative net margin of 22.53% and a negative return on equity of 16.89%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Consolidated Communications in a research report on Friday, March 29th. They issued a “sell” rating on the stock.

Get Our Latest Report on Consolidated Communications

About Consolidated Communications

(Free Report)

Consolidated Communications Holdings, Inc, together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access, SIP trunking, and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; and data center and disaster recovery solutions.

See Also

Want to see what other hedge funds are holding CNSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consolidated Communications Holdings, Inc. (NASDAQ:CNSLFree Report).

Institutional Ownership by Quarter for Consolidated Communications (NASDAQ:CNSL)

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