Robert J. Currey Acquires 5,000 Shares of Consolidated Communications Holdings, Inc. (CNSL) Stock

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Robert J. Currey purchased 5,000 shares of Consolidated Communications Holdings stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average price of $19.33 per share, with a total value of $96,650.00. Following the transaction, the director now owns 48,495 shares of the company’s stock, valued at approximately $937,408.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Consolidated Communications Holdings, Inc. (CNSL) traded up 1.10% during trading on Friday, reaching $19.26. 431,712 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $19.37 and a 200 day moving average price of $22.10. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 6420.00 and a beta of 0.91. Consolidated Communications Holdings, Inc. has a 12 month low of $17.41 and a 12 month high of $30.23.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $169.95 million during the quarter, compared to the consensus estimate of $169.69 million. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. On average, analysts forecast that Consolidated Communications Holdings, Inc. will post $0.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Sunday, October 15th will be paid a dividend of $0.3874 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 8.05%. Consolidated Communications Holdings’s dividend payout ratio (DPR) is presently 15,500.00%.

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A number of brokerages have weighed in on CNSL. BidaskClub lowered shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. UBS AG upgraded shares of Consolidated Communications Holdings to a “strong-buy” rating in a research report on Friday, June 9th. Citigroup Inc. upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a research report on Wednesday, June 7th. Finally, Raymond James Financial, Inc. upgraded shares of Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.60.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu KCG Holdings LLC bought a new position in shares of Consolidated Communications Holdings during the second quarter worth about $363,000. Citadel Advisors LLC increased its position in shares of Consolidated Communications Holdings by 1,855.0% in the second quarter. Citadel Advisors LLC now owns 245,705 shares of the utilities provider’s stock worth $5,275,000 after buying an additional 259,705 shares during the period. Advisor Group Inc. increased its position in shares of Consolidated Communications Holdings by 28.7% in the second quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock worth $167,000 after buying an additional 1,846 shares during the period. Quantbot Technologies LP bought a new position in shares of Consolidated Communications Holdings during the second quarter worth about $399,000. Finally, California Public Employees Retirement System increased its position in shares of Consolidated Communications Holdings by 1.5% in the second quarter. California Public Employees Retirement System now owns 95,789 shares of the utilities provider’s stock worth $2,057,000 after buying an additional 1,400 shares during the period. Institutional investors own 67.14% of the company’s stock.

Consolidated Communications Holdings Company Profile

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

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