Charles Schwab Investment Management Inc. trimmed its holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL - Free Report) by 21.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,601,195 shares of the utilities provider's stock after selling 440,949 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.35% of Consolidated Communications worth $7,430,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rather & Kittrell Inc. acquired a new stake in shares of Consolidated Communications during the second quarter worth about $112,000. AQR Capital Management LLC grew its stake in Consolidated Communications by 22.1% during the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider's stock worth $123,000 after purchasing an additional 5,074 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Consolidated Communications by 14.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider's stock worth $144,000 after purchasing an additional 4,061 shares during the period. Intech Investment Management LLC acquired a new stake in Consolidated Communications in the 2nd quarter valued at about $192,000. Finally, SG Americas Securities LLC boosted its stake in shares of Consolidated Communications by 76.5% in the 3rd quarter. SG Americas Securities LLC now owns 42,966 shares of the utilities provider's stock valued at $199,000 after buying an additional 18,626 shares during the period. Institutional investors and hedge funds own 79.98% of the company's stock.
Consolidated Communications Price Performance
Consolidated Communications stock remained flat at $4.69 during midday trading on Thursday. The company's stock had a trading volume of 423,905 shares, compared to its average volume of 559,782. The stock has a market cap of $555.61 million, a P/E ratio of -2.29 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 10.13. The stock's fifty day moving average is $4.65 and its 200-day moving average is $4.55. Consolidated Communications Holdings, Inc. has a one year low of $4.18 and a one year high of $4.72.
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.
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